If you are uncertain as to whether you require a SONIA licence please contact the Bank to discuss this: is made freely available via the Bank of England’s Interactive Statistical Database by 10:00 on the working day after it is first published. Alternatively should those users wish to, they can receive SONIA on a timely basis under a direct licence from the Bank for a fee. (d) the use of SONIA for the valuation of clients’ portfolio(s) (including discounting).Īuthorised redistributors of SONIA data are:įirms who access the data on a timely basis via those redistributors and are using the data for their own internal business purposes do not need a direct licence with the Bank. (c) the use of SONIA in providing clearing services and
(b) the creation of derivative products referencing SONIA listed on futures exchanges (a) the redistribution of SONIA data to clients Such activities can be considered as those where the licensee provides a service to end‑users. While the Bank anticipates the majority of users will not require a direct licence from the Bank, in order to recover its costs in producing the benchmark, the Bank has specified certain activities which require users to have a direct licence. The SONIA Compounded Index for a given London business day is published at 9am on the same London business day. the rate occurring at the 90th percentile of volume.
the rate occurring at the 75th percentile of volume and.the rate occurring at the 25th percentile of volume.the rate occurring at the 10th percentile of volume.Alongside the headline rate, the following information will also be provided: The SONIA rate for a given London business day is published at 9am on the following London business day. The SONIA Compounded Index is calculated as:ģ Publication and usage 3.1 Daily publication arrangements The statement of the methodology describes how the specified underlying interest is currently to be measured. The statement of the underlying interest is intended to be an enduring statement of the economic concept that SONIA seeks to measure. greater than or equal to £25 million in value.executed between 00:00 hours and 18:00 hours UK time and settled that same-day and.unsecured and of one business day maturity.reported to the Bank’s Sterling Money Market daily data collection, in accordance with the effective version of the ‘Reporting Instructions for Form SMMD’.
The trimmed mean is calculated as the volume-weighted mean rate, based on the central 50% of the volume-weighted distribution of rates. On each London business day, SONIA is measured as the trimmed mean, rounded to four decimal places, of interest rates paid on eligible sterling denominated deposit transactions. SONIA is a measure of the rate at which interest is paid on sterling short-term wholesale funds in circumstances where credit, liquidity and other risks are minimal. The definition of SONIA has two elements: News and publications Open News and publications sub menu.Option-implied probability density functions Gross Domestic Product Real-Time Database The PRA’s statutory powers and enforcement
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