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See Tokyo Overnight Average Rate.

A transaction-based overnight interest rate that is secured and calculated from the swiss repo market. According to the six-group website “The point of departure of Switzerland’s yield curve is the SARON®, an overnight reference rate based on data from the Swiss franc repo market.”

See Secured Overnight Financing Rate.

SOFR is based on the U.S. repo market and is considered broad based. This is because the rate is determined from the tri-party repo market, the general collateral financing (GCF) repo market and the bilateral repo market (For more specifics about this rate, calculations and its features go to https://www.gfmi.com/articles/libor-schmibor-whats-next-sofr-part/. It…

See Swiss Average Overnight Rate.

A transaction-based overnight interest rate that is based on wholesale unsecured overnight borrowing costs and will be used as the preferred risk-free reference rate in Europe. The official start date will be October 1, 2019.

See European Short-Term Rate.

See Value at Risk.

See Targeted Amortization Class.

See Special Purpose Vehicle.

A transaction-based overnight interest rate that is unsecured and reflects banks’ cost of borrowing from other financial institutions and institutional investors. It is used as the preferred risk-free reference rate/benchmark rate for floating rate notes and derivatives such as sterling swaps

See Single Monthly Mortality.