TONAR

Tokyo Overnight Average Rate.

TONAR is a potential risk-free rate substitute for JPY LIBOR in contracts which reference JPY LIBOR.

TONAR is an unsecured rate.

TONAR is also sometimes written as TONA, without the R.

See also

• Benchmark
• Euro Overnight Index Average
• EURONIA
• Japan
• JPY
• LIBOR
• Over night index average rate
• Risk-free rates
• SARON
• SONIA
• Sterling overnight index average
• TIBOR
• Tokyo Overnight Average Rate

Other links

• Working Group of Sterling Risk-Free Reference Rates - latest announcements & publications

• A Practical Guide to LIBOR transition - Slaughter & May - Association of Corporate Treasurers

• 2021: A Benchmark Odyssey, Practical Guidance for Treasurers on interest rate benchmarks, Slaughter and May

• SONIA and other benchmarks

• ARRC: Second Report