Norges Bank

Webinars on the work on alternative NOK reference rates

The ARR working group will host two webinars to present the work that has been done so far this year. The webinars will be held on October 26 and 28. 

Reference rates play a critical role in the global financial system. The value of various financial products and loan agreements linked to these rates is very high. In early 2018, a working group on alternative Norwegian kroner reference rates in was established (the ARR working group). The main objective of the group’s work is to establish a reference rate for the Norwegian krone as an alternative to Nibor.

In September 2019, the ARR working group recommended Nowa (Norwegian Overnight Weighted Average) as an alternative Norwegian krone reference rate. The work is now focused on how to transition to using Nowa as a reference rate. The ARR working group invited other market participants into the work and divided the work into two sub-groups: (i) market standards and fallback solutions, and (ii) establishing an overnight index swap (OIS) market in NOK.

The ARR working group has the pleasure of hosting two webinars to present the work that has been done so far this year. Information regarding time, program and registration can be found below.  

Monday 26 October 1:00pm-2:30pm: Market standards and fallback solutions

This webinar will be held in Norwegian

1:00pm – 1:10pm   Introduction. Chair of the ARR working group, Vidar Knudsen, DNB Bank

1:10pm – 1:30pm   Market conventions for financial products referencing Nowa. Henning Nilsen, SpareBank 1 Boligkreditt

1:30pm – 2:10pm   Fallback solutions in a transition from Nibor to Nowa. Jan Bjørnsen, Handelsbanken and Christian Heggen, DNB Markets

2:10pm – 2:30pm   Q&A

Wednesday 28 October 2:30pm-3.30pm: Establishing an overnight index swap (OIS) market in NOK

This webinar will be held in English

2.30pm – 2.40pm  Introduction. Chair of the ARR working group, Vidar Knudsen, DNB Bank

2.40pm – 3.10pm  Establishing an overnight index swap (OIS) market in NOK. Timothy FitzGerald, DNB Markets

2:10pm – 2:30pm   Q&A

Please register here: Registration

Best regards
Working Group on alternative NOK reference rates

 

Publisert 20. oktober 2020 14:00