Sonia

(redirected from Sterling Overnight Index Average)
Also found in: Financial.

Sonia

young prostitute stays near prison to comfort Raskolnikov. [Russ. Lit.: Crime and Punishment]
References in periodicals archive ?
The Bank of England unveiled the Sterling Overnight Index Average, or Sonia, in April as a near risk-free alternative to Libor for use in sterling derivatives and other relevant financial contracts.
The move comes after Bank of England governor Mark Carney proposed scrapping Libor last week in favour of a widespread adoption of the Sterling Overnight Index Average (Sonia).
the Sterling Overnight Index Average (SONIA) is a critical benchmark referenced in 10 trillion OIS contracts and underpins the valuation of 35 trillion swap transactions.