It is planning to switch the reference mark on its Permanent UK RMBS Master Certificate from LIBOR to SONIA . Lloyds is seeking consent from the note holders of its Permanent UK RMBS Master Trust to apply the ‘simple, transparent and standardised’ (STS) label to the bonds, as well as switch the reference rate from Libor to Sonia. The company is also requesting permission from holders to apply the " simple , transparent and standardised " ( SS ) label to the bonds and is seeking to use negative consent provisions to make the switch , which requires fewer than 10 % of investors to object to the change .
It is planning to switch the reference mark on its Permanent UK RMBS Master Certificate from LIBOR to SONIA . The company is also requesting permission from holders to apply the " simple , transparent and standardised " ( SS ) label to the bonds and is seeking to use negative consent provisions to make the switch , which requires fewer than 10 % of investors to object to the change .