FTSE Term SONIA

Clients around the world trust us to provide benchmarks such as WMR and CDOR with transparency and integrity. Now you can trust us to do the same with FTSE Term SONIA. 

The FTSE Term SONIA benchmark is a forward-looking, risk-free reference rate available in 1-month, 3-month, 6-month and 12-month tenors denominated in sterling and designed to be an alternative to GBP LIBOR.

On 5 March 2021 the FCA confirmed that all GBP LIBOR settings would cease or no longer be representative. That means market participants must seek alternative rates and in many cases a Term SONIA Reference Rate will be suitable.

FTSE Term SONIA is published to 4 decimal places, thereby ensuring consistency with the Bank of England’s SONIA benchmark.

Our rate is viewed by hundreds of clients worldwide.

Access rates

The FTSE Term SONIA benchmark is a forward-looking, risk-free reference rate available in 1-month, 3-month, 6-month and 12-month tenors denominated in sterling and designed to be an alternative to LIBOR.

Access rates

Download FTSE Term SONIA

The FTSE Term SONIA benchmark is a forward-looking, risk-free reference rate available in 1-month, 3-month, 6-month and 12-month tenors denominated in sterling and designed to be an alternative to LIBOR.

Date 1 Month 3 Month 6 Month 12 Month
23 Feb 2024 5.1989 5.2119 5.1879 5.0350

Access

FTSE  Term SONIA is available here and through the full suite of LSEG products, including Eikon®, LSEG Real-Time and DataScope, using the following RICs:

  • FTSE Term SONIA 1-month: GBPTRR1M=RFTB
  • FTSE Term SONIA 3-month: GBPTRR3M=RFTB
  • FTSE Term SONIA 6-month: GBPTRR6M=RFTB
  • FTSE Term SONIA 12-month: GBPTRR1Y=RFTB

Transition from LIBOR with confidence to FTSE Term SONIA that guarantees

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Accurate

We source overnight index swap (OIS) quote data from major interdealer electronic markets (including TP ICAP iSwap and Tradition Trad-X) and an institutional electronic market (Tradeweb).

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Persistent

We adopt a waterfall methodology, allowing publication of the rate in even the most challenging market conditions.

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Replicable

Users can easily replicate the rate by executing trades during the 20-minute collection window centered on 11:00.

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Anti-gaming

We conduct pre-publication quality checks, have numerous anti-gaming methodology features and conduct post-publication monitoring and surveillance

Disclaimer

2023 © LSEG. All rights reserved.

If you have not signed up to a licensing agreement with LSEG for the use of FTSE Term SONIA (the “Benchmark”) you are not permitted to use the Benchmark for any Commercial Purposes. “Commercial Purposes” includes but is not limited to (i) using the Benchmark as a reference rate in financial instruments, financial contracts or for valuation and pricing activities, (ii) using the Benchmark as an input into another benchmark or an index or otherwise, (iii) this website being accessed by or on behalf of the same group of companies at least once per month for 3 consecutive months for the purpose of viewing or downloading the Benchmark. We may use your personal data in order to determine whether we believe you are using the Benchmark for Commercial Purposes and, if we reasonably believe this is the case, we may contact you in order to arrange for a licensing agreement to be put in place.

London Stock Exchange Group plc, its affiliates (“LSEG”) and its third party providers (together “LSEG and Third Parties”) do not guarantee the quality, accuracy and/or completeness of the Benchmark or any data included therein. LSEG and Third Parties make no express or implied warranties, representations or guarantees concerning the accuracy or completeness of the Benchmark or as to the results to be obtained by you, or any other person or entity from the use of the Benchmark or any data included therein. In no event shall LSEG and Third Parties have any liability for any loss of profits, special, punitive, indirect, incidental, or consequential damages or loss, relating to any use of the Benchmark.

The Benchmark is proprietary to LSEG.

The “SONIA” mark is used under licence from the Bank of England (the benchmark administrator of SONIA), and the use of such mark does not imply or express any approval or endorsement by the Bank of England. “Bank of England” and “SONIA” are registered trademarks of the Bank of England."

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