Ice swap rate adds RFQ data; adopts Sonia

Industry backs overhaul of term swap rate to curb non-publication and hasten Libor switch


Users of a key rate for swaptions and exotic rate-linked products have overwhelmingly backed twin proposals aimed at both safeguarding its publication in times of stress, and weaning non-linear rates markets off tainted Libor benchmarks.

Following an initial consultation on its planned overhaul for the Ice swap rate, Ice Benchmark Administration will propose a detailed methodology to include non-binding swap quotes as a back-up for when firm prices are unavailable for the rate’s calculation

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

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

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