imported>Doug Williamson |
imported>Doug Williamson |
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| ''Interest rate benchmarks''. | | ''European Union (EU).'' |
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| Sterling Overnight Index Average.
| | Supervisory Review and Evaluation Process. |
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| 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 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.
| | * [[Pillar 2]] |
| | | * [[TSCR]] |
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| The Bank of England assumed responsibility as the administrator of a revised SONIA with effect from April 2018.
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| Among other changes, SONIA was broadened to include overnight unsecured transactions negotiated bilaterally, as well as those arranged via brokers.
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| == See also == | |
| * [[Benchmark]]
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| * [[Euro Overnight Index Average ]]
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| * [[EURONIA]]
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| * [[European Venues and Intermediaries Association]] (EVIA) | |
| * [[Financial Stability Board]] | |
| * [[HONIA]] | |
| * [[Interest determination date]]
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| * [[LIBOR]]
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| * [[Over night index average rate]]
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| * [[Overnight indexed swap]] | |
| * [[RFR WG]]
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| * [[Risk-free rates]]
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| * [[SARON]]
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| * [[SOFR]]
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| * [[Sterling overnight index average]]
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| * [[The Working Group on Sterling Risk-Free Reference Rates]]
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| * [[TONAR]]
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| * [[Transition risk]]
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| ==Other links==
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| *[https://www.bankofengland.co.uk/markets/transition-to-sterling-risk-free-rates-from-libor/working-group-on-sterling-risk-free-reference-rates Working Group of Sterling Risk-Free Reference Rates - latest announcements & publications]
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| *[https://www.treasurers.org/hub/technical/practical-guide-libor A Practical Guide to LIBOR transition - Slaughter & May - Association of Corporate Treasurers]
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| *[[Media:Slaughter and May interest rate benchmarks.pdf| 2021: A Benchmark Odyssey, Practical Guidance for Treasurers on interest rate benchmarks, Slaughter and May]] | |
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| *[https://www.bankofengland.co.uk/markets/sonia-benchmark SONIA and other benchmarks] | |
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| *[https://www.newyorkfed.org/medialibrary/Microsites/arrc/files/2018/ARRC-Second-report ARRC: Second Report]
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| [https://www.evia.org.uk/ European Venues and Intermediaries Association - EVIA]
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| [[Category:Corporate_financial_management]] | |