Indicative Term SONIA Reference Rates (FTSE TSRRs) are forward-looking term risk-free rates for the Sterling market covering 1 month, 3 month, 6 month and 12 month tenors.
FTSE TSRRs have been developed by FTSE Russell, part of London Stock Exchange Group (LSEG), in partnership with leading inter-dealer brokers in support of industry-wide efforts to transition away from LIBOR.
The “SONIA” mark is used under licence from the Bank of England (the benchmark administrator of SONIA), and the use of such mark does not imply or express any approval or endorsement by the Bank of England. “Bank of England” and “SONIA” are registered trade marks of the Bank of England.
Index rules should be read in conjunction with supportingFTSE Russell noticesThese notices advise of advance changes in index methodology, which may not be reflected in index rules until the change effective date. The notices may also communicate revisions in index treatment in the period up to a rule change.