Sterling Overnight Indexed Swap Launch Receives Positive Response From Market


JP Morgan and Prebon Yamane transacted the first Overnight Indexed Swap (OIS) in Pounds sterling on March 25. After its first week of trading, market participants say the new sterling money market instrument is proving "quite promising".

An OIS is an interest rate swap linked to a published index of daily benchmark funding rates with a term period between one week and one year. The sterling OIS uses as an index the Sterling Overnight Indexed Average (SONIA), which was developed by the

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: