No. SOFR Academy is supportive of the work of the Alternative Reference Rates Committee (ARRC). To publish AXI as a standalone benchmark index would create a path for banks to skip over SOFR which is counter to the recommendations of the Financial Stability Board (FSB). The FSB is an international body that monitors and makes recommendations about the global financial system and was established by the G20 in 2009.  AXI is a spread which is added to SOFR. For example, it could be used on top of CME Term SOFR, simple daily SOFR, or other SOFR variants to form a credit-sensitive interest rate benchmark for loans. Importantly, input data for AXI is not confined to the thin, short-term bank funding markets that once underpinned LIBOR. AXI plus SOFR is referred to as SOFRx.