TONA: Difference between revisions
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imported>Doug Williamson (Create page. Source: BIS Quarterly Review March 2019) |
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Tokyo Overnight Average | Tokyo Overnight Average rate. | ||
TONA is a potential risk-free rate substitute for JPY LIBOR in contracts which reference JPY LIBOR. | TONA is a potential risk-free rate substitute for JPY LIBOR in contracts which reference JPY LIBOR. | ||
Revision as of 08:35, 3 April 2019
Tokyo Overnight Average rate.
TONA is a potential risk-free rate substitute for JPY LIBOR in contracts which reference JPY LIBOR.
TONA is also sometimes written as TONAR, the R being for 'rate'.
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
