imported>Doug Williamson |
imported>Doug Williamson |
| Line 1: |
Line 1: |
| ''Interest rate benchmarks''. | | ''European Union (EU).'' |
|
| |
|
| Sterling Overnight Index Average.
| | Supervisory Review and Evaluation Process. |
|
| |
|
|
| |
|
| Tracks actual average market sterling funding rates each day:
| | ==See also== |
| *for settlement that day
| | * [[European Banking Authority]] |
| *where repayment is made on the following business day.
| | * [[ICAAP]] |
| | | * [[ILAAP |
| | | * [[Liquidity risk]] |
| It is published by WMBA Ltd (part of the European Venues and Intermediaries Association - EVIA) in London at 5pm each day.
| | * [[Pillar 2]] |
| | | * [[TSCR]] |
| | |
| 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]] | |
| * [[Financial Stability Board]]
| |
| * [[Interest determination date]]
| |
| * [[LIBOR]] | |
| * [[Over night index average rate]] | |
| * [[Overnight indexed swap]] | |
| * [[RFR WG]] | |
| * [[Risk-free rates]] | |
| * [[SARON]]
| |
| * [[Sterling overnight index average]]
| |
| * [[TONAR]]
| |
| * [[The Working Group on Sterling Risk-Free Reference Rates]]
| |
| | |
| | |
| ===Other links===
| |
| | |
| [[Media:Slaughter and May interest rate benchmarks.pdf| 2021: A Benchmark Odyssey, Practical Guidance for Treasurers on interest rate benchmarks, Slaughter and May]]
| |
| | |
| [[Media:The_Treasurer_-_LIBOR_-_Goodbye_to_all_that.pdf| LIBOR: Goodbye to all that, The Treasurer]]
| |
| | |
| [http://www.bankofengland.co.uk/markets/benchmarks Bank of England: SONIA and other benchmarks]
| |
| | |
| [https://www.evia.org.uk/ European Venues and Intermediaries Association - EVIA]
| |
| | |
| [[Category:Corporate_financial_management]]
| |
