November 2011
Beginner
335 pages
9h 33m
English
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Switzerland
The Swiss National Bank's (SNB) overnight rate is termed SARON, Swiss Average Rate Overnight, and is employed as the rate to achieve the BBA Swiss franc LIBOR three-month target. It is a volume-weighted average and is calculated every 10 minutes with noon and 4:00 p.m. end-of-day Swiss Fixing times (SIX Swiss Exchange). To ensure accuracy of the target, the Swiss employ three more indicators to oversee SARON.
SCRON is the Swiss Current Rate Overnight and is employed to view current interbank market trades. SCRON is calculated every three minutes throughout any trading day by the SIX Swiss Exchange, the Swiss Stock Market where these various rates trade.
SAION is the Swiss Average Index Overnight and SCION is the Swiss Current Index ...
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