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SARON (Swiss Average Rate Overnight) is a new reference rate for the Swiss franc overnight market. It is designed to replace the current reference rate, the Swiss Interbank Offered Rate (CHF LIBOR), which was phased out on the 31st Dec 2021.
SARON is based on transactions and quotes posted in the Swiss repo market and was first cleared in October 2017, with SARON futures available since October 2018.
Unlike CHF LIBOR, SARON is calculated and published on a daily basis, providing more frequent and up-to-date information. Additionally, SARON is based on a larger and more diverse pool of data than traditional reference rates, providing greater transparency and stability.
Key features of SARON include:
By transitioning to SARON and subscribing to our data packages, financial services professionals can ensure they are receiving the most accurate and up-to-date information and are contributing to a more stable and fair financial market.
*SARON is not part of the TraditionData ARR package, and is only available in the stand-alone Gottex package.
To determine the interest rates for a range of financial instruments such as bonds, swaps and futures
To set the benchmark for pricing of financial products
As a way to evaluate the performance of investments
To manage risk and determine the cost of borrowing and lending
As a way to assess the market conditions and determining investment strategies.
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