NatWest offers online calculator to ease Sonia transition

NatWest Markets has published a free online calculator market participants can use to work out compounded daily Sonia — the rate that looks set to replace sterling Libor from January 2022.

  • By Jon Hay
  • 11 Jul 2019
The switch from Libor to Sonia poses a number of challenges. Because the point is to use actual transactions, rather than estimates, as the basis for the interest rate, and the input is an overnight rate, Sonia (the Sterling Overnight Index Average) is backward-looking. And as an overnight ...

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