Shallow liquidity threatens Saron momentum

Swaps on Swiss Libor successor gain traction, but lack of cash products poses liquidity hurdle

The start of any journey may give little indication of the toil that lies ahead, as anyone who has attempted to scale Switzerland’s iconic Matterhorn mountain can attest. The 3,000 metre ascent to base camp is a gentle stroll compared to the arduous 1,400 metre near-vertical climb to the summit, where the going is relentless and there is often no clear path to follow.

The same may be true of the Swiss rates market, which has made light work of the first stage of a transition to Saron, the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here