Description

The Solactive SONIA Daily Index (GTR, GBP) measures the performance of a deposit that is rolled over daily, with its earnings linked to the SONIA rate. This rate functions as the benchmark for short-term money markets within the United Kingdom. Specifically, the Sterling Overnight Index Average (SONIA) is calculated as the volume-weighted average rate of all uncollateralized sterling overnight cash transactions. These transactions are facilitated by WMBA member firms in London, involve all types of counterparties, and must meet a minimum deal size of £25 million. Comprehensive details about the index itself and the broader methodology underpinning the SONIA rate are available at https://www.solactive.com and https://www.bankofengland.co.uk/, respectively.