ICE Benchmark Association launches official SONIA benchmark following beta trial
The ICE Term SONIA Reference Rates (ICE TSRR) can now be used as a benchmark for use in financial instruments as firms look to end their reliance on LIBOR.
The ICE Term SONIA Reference Rates (ICE TSRR) can now be used as a benchmark for use in financial instruments as firms look to end their reliance on LIBOR.
The Tradeweb data will be added to the waterfall methodology of ICE Term SONIA reference rates for expected SONIA rates over one, three, and six-month tenor periods.
The ICE benchmark administrator will consult on intentions to stop publication of all GBP, EUR, CHF, and JPY Libor settings after December next year.
ICE Benchmark Administration has started publishing beta term SONIA rates for testing, using data from BGC, TP ICAP, and Tradition’s Trad-X central limit order books.