TONAR

Tokyo Overnight Average Rate.

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

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