Close-out netting and Working Group on Sterling Risk-Free Reference Rates: Difference between pages

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A special form of netting that occurs following some predefined event such as default.
''Risk-free interest rates''.


Close-out netting is intended to reduce exposures on open contracts if one party meets certain conditions specified by the contract (for example, becomes subject to insolvency procedures) before the settlement date.
The Working Group on Sterling Risk-Free Reference Rates supported the development and adoption of alternative near risk-free benchmarks for sterling, mainly SONIA.




Also referred to as default netting, open contract netting or replacement contract netting.
Also known as the ''UK RFRWG''.




== See also ==
 
* [[Netting]]
==See also==
* [[Open contract netting]]
*[[Alternative Reference Rates Committee]]  (ARRC)
*[[Benchmark]]
*[[Canadian Alternative Reference Rate Working Group]]  (CARR)
* [[IBOR Transformation Australian Working Group]]
*[[LIBOR]]
*[[Risk-Free Rate Working Group]]
*[[Risk-free rates]]
*[[SOFR]]
*[[SONIA]]
* [[Steering Committee for SOR & SIBOR Transition to SORA]]  (SC-STS)
* [[Sterling Loan Conventions]]
 
 
==Other links==
 
*[https://www.bankofengland.co.uk/markets/transition-to-sterling-risk-free-rates-from-libor/working-group-on-sterling-risk-free-reference-rates Working Group on Sterling Risk-Free Reference Rates - Bank of England]
 
*[[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]]
 
*[https://www.bankofengland.co.uk/markets/sonia-benchmark SONIA and other benchmarks]
 
*[https://www.fca.org.uk/news/statements/fca-statement-libor-panels FCA: Statement on LIBOR panels]
 
*[https://www.newyorkfed.org/medialibrary/Microsites/arrc/files/2018/ARRC-Second-report ARRC: Second Report]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 19:03, 23 November 2022

Risk-free interest rates.

The Working Group on Sterling Risk-Free Reference Rates supported the development and adoption of alternative near risk-free benchmarks for sterling, mainly SONIA.


Also known as the UK RFRWG.


See also


Other links

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