Sonia term rate nears ‘beta’ release, while SOFR struggles

Kris Devasabai
Robert Mackenzie Smith
24 Jun 2020

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

A forward-looking term version of Sonia will be available shortly in beta form, according to a senior UK regulator, while efforts to create an equivalent rate in the US are being held back by weaker-than-expected volumes in derivatives linked to US dollar Libor’s successor.

“We feel pretty close to the first forward-looking term Sonia rate being published,” said Edwin Schooling Latter, director of markets and wholesale policy at the UK Financial Conduct Authority (FCA).

The beta version of

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]