SONIA: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add link.) |
||
| Line 23: | Line 23: | ||
* [[European Venues and Intermediaries Association]] *(EVIA) | * [[European Venues and Intermediaries Association]] *(EVIA) | ||
* [[Financial Stability Board]] | * [[Financial Stability Board]] | ||
* [[HONIA]] | |||
* [[Interest determination date]] | * [[Interest determination date]] | ||
* [[LIBOR]] | * [[LIBOR]] | ||
Revision as of 00:43, 29 July 2021
Interest rate benchmarks.
Sterling Overnight Index Average.
Tracks actual average market sterling funding rates each day:
- for settlement that day
- where repayment is made on the following business day.
It is defined and calculated as the weighted average rate (to four decimal places) of all unsecured sterling overnight cash transactions brokered in London by EVIA* member firms between midnight and 4.15pm London time with all counterparties in a minimum deal size of £25 million.
The Bank of England assumed responsibility as the administrator of a revised SONIA with effect from April 2018.
Among other changes, SONIA was broadened to include overnight unsecured transactions negotiated bilaterally, as well as those arranged via brokers.
See also
- Benchmark
- Euro Overnight Index Average
- EURONIA
- European Venues and Intermediaries Association *(EVIA)
- Financial Stability Board
- HONIA
- Interest determination date
- LIBOR
- Over night index average rate
- Overnight indexed swap
- RFR WG
- Risk-free rates
- SARON
- SOFR
- Sterling overnight index average
- The Working Group on Sterling Risk-Free Reference Rates
- TONAR
- Transition risk
Other links
LIBOR: Goodbye to all that, The Treasurer
