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.