Bank Of England To Publish SONIA Compounded Index

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The Bank of England ("BoE") will begin publishing a daily Sterling Overnight Index Average ("SONIA") Compounded Index on August 3, 2020.

United States Finance and Banking

The Bank of England ("BoE") will begin publishing a daily Sterling Overnight Index Average ("SONIA") Compounded Index on August 3, 2020. According to the BoE, the value of the SONIA Compounded Index will be calculated back to April 23, 2018.

As previously covered, the BoE implemented this initiative to support and accelerate the transition process in the sterling markets from LIBOR to SONIA.

Originally published July 07, 2020.

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