Test period for the Riksbank’s new reference rate begins 27 January
News The test period for the Riksbank’s new transaction-based reference rate for the shortest maturity in Swedish krona will begin on 27 January 2021. During the test period of around six months, a preliminary reference rate will be published on the Riksbank's website. The official reference rate will begin to be published after the test period has been completed.
The preliminary reference rate will be published on the Riksbank’s website at 11.00 every banking day. There will also be information on the website with regard to how the Riksbank gathers data, reviews, calculates and publishes the rate. During the test period, the new reference rate must not be used in financial contracts.
The Riksbank will give notice in advance of when the test period will be concluded. The length of the test period will be around six months.