More entrants are joining the contest to provide forward-looking versions of overnight risk-free rates, despite UK regulators playing down the long-term prospects of such projects. IHS Markit became the fourth vendor to reveal plans to develop a term version of the sterling overnight rate, Sonia, when it presented its methodology to the UK working group in charge of Libor transition in September. Markit joins FTSE Russell, Ice Benchmark Administration and Refinitiv in vying to provide a term Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe You are currently unable to print this content. Please contact [email protected] to find out more. You are currently unable to copy this content. Please contact [email protected] to find out more.
Ice Benchmark Administration has revealed plans to develop a forward-looking version of Sonia . FTSE Russell , Refinitiv and Refinitiv are also working to develop term versions of the Ice Benchmark Administration .