A type of floating rate repo (variable rate repo) in which the tom/next (T/N) index is used rather than the usual overnight index (OI). The tom/next rate is typically set one day ahead of the day to which it applies (tomorrow/ next day). The underlying reference rate is a type of overnight interest rate that starts tomorrow.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Comments