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by ihumanable 2 days ago
The first sentence of the first section entitled "The Rate" reads as follows

> The rate tracks SOFR (the Secured Overnight Financing Rate), the benchmark overnight interest rate published every business day by the Federal Reserve Bank of New York.

See https://docs.carolinacloud.io/organizations/prepaid-interest...

1 comments

> The first sentence of the first section entitled "The Rate" reads as follows

That's nice. Though I won't read that far if I have no idea what this is going to be about. 1 paragraph is how much you get my attention for and if that's not enough then my attention goes elsewhere.