To simplify the calculation of interest on RFR-based loans, IBA has developed the following ICE RFR Calculator. This calculator allows users to specify the RFR being used and the terms of the loan, including the notional amount and loan start and end dates. The calculator determines the annualised interest rate and interest amount for the loan, using a long-form calculation.

If you have any questions regarding this calculator then please email iba@ice.com.