SONIA definition

SONIA means, in respect of any Business Day, a reference rate equal to the daily Sterling Overnight Index Average rate for such Business Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page or, if the Relevant Screen Page is unavailable, as otherwise published by such authorised distributors in each case on the Business Day immediately following such Business Day;
SONIA means, with respect to any applicable determination date, the Sterling Overnight Index Average Reference Rate published on the fifth Business Day preceding such date on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time); provided however that if such determination date is not a Business Day, SONIA means such rate that applied on the first Business Day immediately prior thereto.
SONIA means the Sterling Overnight Index Average.

Examples of SONIA in a sentence

  • Where the aggregate of SONIA + CAS is less than the legacy floor value, the Working Group’s recommendation is for the CAS to remain unchanged, with SONIA adjusted to ensure that the aggregate of SONIA + CAS is equal to the legacy floor value.

  • A suite of SONIA loan documents aligned to the Working Group’s recommended set of conventions outlined in this guide is available via the Loan Market Association website Documents (lma.eu.com).

  • SONIA: Published by the Bank of England, SONIA remains the Working Group’s recommended alternative to Sterling LIBOR, implemented via a daily compounded in arrears methodology.Margin: Simple average of the margin, which is to be added after the rate compounding.Lookback: Standard of 5 Banking Days lookback without observation shift is recommended, days can vary based on borrower / lender needs.

  • Interest on the loan is determined as an aggregate of compounded SONIA plus a margin.Available facilitiesThe Group has good access to liquidity:• The Group has a £300 million bilateral loan facility, which matures on 30 June 2026.

  • Investors should consider these matters when making their investment decision with respect to any Notes which reference SONIA, SONIA Compounded Index, SOFR, SOFR Compounded Index, €STR or €STR Compounded Index.


More Definitions of SONIA

SONIA means, in respect of any day, the level of the sterling overnight index average provided by the Bank of England as administrator of the benchmark (or a successor administrator) in respect of that day, if that day is a London Business Day, or in respect of the London Business Day immediately preceding that day, if that day is not a London Business Day.”.
SONIA means a rate equal to the Sterling Overnight Index Average as administered by the SONIA Administrator.
SONIA means, with respect to any Business Day, a rate per annum equal to the Sterling Overnight Index Average for such Business Day published by the SONIA Administrator on the SONIA Administrator’s Website on the immediately succeeding Business Day.
SONIA means the Sterling Overnight Index Average as published by the Benchmark Administrator or its agent.
SONIA means, in relation to any London banking day, the daily Sterling Overnight Index Average rate for such London banking day as provided by the administrator of SONIA to authorized distributors and as then published on the SONIA Screen Page or, if the SONIA Screen Page is unavailable, as otherwise published by such authorized distributors in each case at
SONIA means, in respect of any day, the level of the sterling overnight index average provided by the Bank of England as administrator of the benchmark (or a successor administrator) in respect of that day, if that day is a London Business Day, or in respect of the London Business Day immediately preceding that day, if that day is not a London Business Day.”.2 Amendments and Supplements to the Master Dealer Terms2.1 For the purposes of Clause 17 (Manufacturing Obligations) of the Master Dealer Terms, the following shall apply:
SONIA means the overnight rate as calculated by the Wholesale Market Broker’s Association and appearing on the Reuters Screen SONIA Page (or, if such a rate is not available, such SONIA-linked rate as may be determined in light of market conditions at such time by the Clearing House and notified by the Clearing House to Clearing Members)