Examples of SONIA Reference Rate in a sentence
The SONIA Reference Rate applied to a day that is a non-London Banking Day will be taken by applying the SONIA Reference Rate for the previous London Banking Day but without compounding.
For the avoidance of doubt, the formula for the calculation of Compounded Daily SONIA only compounds the SONIA Reference Rate in respect of any London Banking Day.
BWDB will establish operational links with the Office of Deputy Commissioner for land acquisition.
The alternatives to SONIA compounded in arrears include: (i) Bank Rate; (ii) fixed rate; and (iii) a forward-looking Term SONIA Reference Rate ("TSRR").
A benefit of this approach is that it requires a consideration of the same calculation, convention and documentation issues as a new loan directly referencing RFRs. It also eliminates the need for a further amendment process.TSRRTerm SONIA Reference Rate.