IBOR transition: Glossary

Below are acronyms and terms that are used in connection with IBOR transition:

• €STR: Euro Short-term Rate
• ACT: Association of Corporate Treasurers
• BCBS: Basel Committee on Banking Supervision
• BMR: EU Benchmark Regulation
• BOE: Bank of England
• ECB: European Central Bank
• EONIA: Euro Overnight Index Average
• ESMA: European Securities and Markets Authority
• EURIBOR: Euro Interbank Offered Rate
• FCA: Financial Conduct Authority
• FRNs: Floating Rate Notes
• FSB: Financial Stability Board
• FSMA: Financial Services and Markets Authority
• G20: Group of 19 individual countries plus the European Union
• IBORs: Interbank Offered Rates
• ICE BA: ICE Benchmark Administration Ltd
• ICE: Intercontinental Exchange
• IOSCO: International Organization of Securities Commissions
• ISDA: International Swaps and Derivatives Association
• LDI: Liability Driven Investment
• LIBOR: London Interbank Offered Rate
• LMA: Loan Market Association
• NWG: National Working Group
• OIS: Overnight Indexed Swap
• OSSG: Official Sector Steering Group
• P&L: Profit and Loss
• PRA: Prudential Regulation Authority
• RFR: Risk Free Reference Rate
• SARON: Swiss Average Rate Overnight
• SOFR: Secured Overnight Financing Rate
• SONIA: Sterling Overnight Index Average
• TONAR: Tokyo Overnight Average Rate
• TSRR: Term SONIA Reference Rate