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SONIA Futures

A cash settled short-term interest rate (STIR) futures contracts in which the underlying is the average sterling overnight index average...

Sterling Overnight Index Average

A interest rate benchmark (overnight rate) published by Bank of England based on actual transactions in reflection of the average...

Fallback Trigger

In fallback documentation, a trigger is an event that would activate the fallback provision (incorporated into a contract or arrangement...

Is SONIA a Term Rate?

SONIA (sterling overnight index average) is an interest rate benchmark published by Bank of England based on actual transactions in...

SONIA

It stands for sterling overnight index average. It is an interest rate benchmark (overnight rate) published by Bank of England...

Fallback Rate

A rate of interest that can be used if the reference rate for a certain arrangement or contract (a facility,...

Fallback Position

An alternative plan or set of plans whereby an entity (business) or individual defines what can be done if original...

Fallback

In finance, fallback broadly refers to failure in attaining a desired or expected outcome/ result due to unfavorable or unexpected...

TNAV

It stands for tangible net asset value; the net asset value (or equity on the other side of the balance...

Fixed-Rate Resetting Bond

A resettable bond (resetting bond) in which the rate (underlying interest rate) may reset at the end of a certain...