United States:
Bank Of England To Publish SONIA Compounded Index
10 July 2020
Cadwalader, Wickersham & Taft LLP
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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. 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.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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