It is calculated and published every business day in Japan from Japanese yen OIS rates. The rate is set in advance at the start of the interest period, and loans and bonds reference it as one of the successors to yen LIBOR.
TORF
- Japanese
- TORF
- Also known as
- Tokyo Term Risk Free Rate
- Last reviewed
- September 25, 2026
This is a draft, shown for review before publication.
TORF (Tokyo Term Risk Free Rate) is a benchmark of 1-month, 3-month, and 6-month term rates that QUICK Benchmarks calculates and publishes.