About SARON Compound Rates
SIX as the Benchmark Administrator of the SARON offers SARON Compound Rates for pre-defined time periods.
The SARON is an Overnight Rate and applies for the upcoming overnight period. Market participants are engaged typically in longer term contracts like 1, 3 or 6 months as a basis for loans and mortgages, deposits, bonds and floating rate notes, swaps and futures. To cover longer term contracts in Swiss francs and to determine the respective observation period, calculations for a compounded SARON are provided. These SARON Compound Rates are standardised compounded rates and calculated by compounding the daily SARON rates.
The Index Commission Swiss Reference Rates is advising on the concept and SIX is in close cooperation with the National Working Group (NWG) for References Rates.
Available since 25 March 2020
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To see all SARON Compound Rates data, visit our closed user group site.