Active Quoting for SARON

The Swiss National Bank (SNB), in cooperation with SIX Swiss Exchange, has developed CHF reference rates for the financial markets. Overnight interest rates are of central significance for the determination of yield curves in the international fixed interest markets. The Swiss franc yield curve is based on the Swiss Average Rate Overnight (SARON®).

The Swiss Reference Rates comprise the Swiss Average Rates (SAR®) and the Swiss Current Rates (SCR®), covering a term spectrum ranging from overnight (ON) to 12 months (12M). The first publication takes place at 8.30 a.m. and the last at the end of the trading day (6 p.m. at the earliest). SIX Swiss Exchange calculates and publishes the reference rates. More information on the websites of SIX Swiss Exchange and SNB.

The following list gives an overview of the current participants that have signed the Memorandum of Understanding for Active Quoting for SARON.

Paticipants

  • Credit Suisse AG Zürich
  • Bank Julius Bär & Co Ltd
  • Post Finance AG
  • Raiffeisen Schweiz
  • Zürcher Kantonalbank