Overnight Index

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August 31, 2024 4 min read Definitions
SONIA: Benchmark for GBP-Denominated Contracts
Finance Banking Economics SONIA Benchmark Rates Financial Markets UK Economy Overnight Index
SONIA (Sterling Overnight Index Average) is a key benchmark for overnight unsecured transactions in the sterling market. This article explores its historical context, significance, calculations, and applications in the financial sector.
Read more about SONIA: Benchmark for GBP-Denominated Contracts.

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