Bilateral netting and Sterling overnight index average: Difference between pages

Revision as of 08:43, 20 August 2013

(SONIA).

Tracks actual average market sterling funding rates each day for settlement that day where repayment is made on the following business day.

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-An arrangement between two parties to net their bilateral obligations. The obligations covered by the arrangement may arise from financial contracts, transfers or both.
+(SONIA).
-For example purchases between two subsidiaries of the same company may be netted against each other so that over time, typically one month, only the net difference is transferred.
+Tracks actual average market sterling funding rates each day for settlement that day where repayment is made on the following business day.
 == See also ==
-* [[Bilateral net settlement system]]
+* [[Euro Overnight Index Average ]]
-* [[Multilateral netting]]
+* [[SONIA]]
-* [[Net settlement system]]
-* [[Netting]]