Calculating SONIA

31st July 2019 Banking and Finance

Following on from our blog earlier this month on SONIA, NatWest Markets has launched a website to assist in calculating interest rates using data from the Bank of England. The calculator allows the user to calculate SONIA for their required period, without downloading historic data and performing calculations themselves. The tool calculates SONIA using compounded daily rates over a look-back period.

We will keep you up to date on any further SONIA developments we become aware of, including when other lenders start to introduce SONIA priced loans.

NatWest Market’s calculator can be accessed here: https://nwm.realisedrate.com/

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Scott Cameron is a Head of Department located in Manchester in our Banking and Finance/Corporate Recovery and Insolvency department

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