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Term Rate

An interest rate (market benchmark or reference rate) that provides market participants (specifically, borrowers) with a specified interest rate for...

Synthetic LIBOR

A form of transitional LIBOR that is "synthetically" created in order to account for a significant number of US dollar...

Sterling Overnight Index Average

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

SONIA

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

SOFR Index

A type of SOFR (secured overnight financing rate) that calculate the compounded average of SOFR over a specific (usually customized)...

SOFR Averages

A type of SOFR (secured overnight financing rate) that represents an average of the daily overnight SOFR rate over 30-,...

KI Swaption

It stands for knock-in swaption. A barrier swaption in which protection exists or activates only if the swap rate crosses…

Secured Overnight Financing Rate

A broad reference rate (known for short as SOFR) that measures the cost of borrowing money overnight collateralized by Treasury...

SOFR

It stands for secured overnight financing rate; a broad reference rate that measures the cost of borrowing money overnight collateralized...

Reference Rate

A rate that is used as a reference point for determination of payment in a contract/ agreement/ instrument, etc. A...