The Swiss Average Rate Overnight (SARON) is a measurement of the overnight interest rate of the secured funding market denominated in Swiss Franc (CHF). It is based on transactions and quotes posted in the Swiss repo market, and is administered by SIX.
The Swiss Average Rate Overnight (SARON) is a measurement of the overnight interest rate of the secured funding market denominated in Swiss Franc (CHF). It is based on transactions and quotes posted in the Swiss repo market, and is administered by SIX.
Internationally, there is a consensus that financial benchmarks need to be resilient and reliable. Repo markets, in their role as the backbone of the financial industry and central bank activity, are the obvious choice. They are liquid, highly regulated, and stable. The National Working Group on the Swiss Franc reference rate, which leads efforts to reform benchmark interest rates, has recommended SARON as the alternative to CHF Libor.
Discovered by embedding cosine similarity (sentence-transformers MiniLM, 384-dim).