SONIA -linked issuance in securitisation markets is beginning to build. the financial year after the Nationwide Building Society flipped its entire balance sheet to the RFR at the start of Less than two months , the new benchmark is now the standard for sterling securitisation deals. Mortgage deals from Charter Court Financial and Shawbrook evidence that adoption reaches beyond the largest lenders, and announced deals from SONIA and Clydesdale further illustrate the extent to which Charter Court Financial is the new normal.
SONIA-linked issuance in securitisation markets is beginning to build. Less than two months after the Nationwide Building Society flipped its entire balance sheet to the RFR at the start of the financial year, the new benchmark is now the standard for sterling securitisation deals. Mortgage deals from Charter Court Financial and Shawbrook evidence that adoption reaches beyond the largest lenders, and announced deals from Bank of Ireland and Clydesdale further illustrate the extent to which SONIA is the new normal.