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SWESTR

SWESTR (Swedish krona Short Term Rate) is a reference rate calculated and published by the Riksbank. Reference rates fulfil an important function in the financial system in Sweden and in other countries and are used as a common benchmark when pricing financial contracts. SWESTR is a transaction-based reference rate calculated by the Riksbank on the basis of transactions executed on the money market from one banking day to the next in Swedish kronor.

SWESTR test period:
During a test period starting on 27 January 2021 and lasting for approximately six months, a preliminary value for SWESTR will be published every Swedish banking day. SWESTR shall not be used in financial contracts during the test period.

SWESTR 05/03/2021

-0.090%
  • Volume25,051 MSEK
  • Number of transactions23
  • Number of agents5
  • Calculation methodNormal
Calculation method

Published: 08/03/2021 11:00

What do the values ​​mean?

Interest rate 

SWESTR (Swedish krona Short Term Rate) is always expressed to three decimal places. Read more on the page Calculation method and transaction dataset for SWESTR.

Date of the interest rate

SWESTR is calculated on the basis of the previous banking day’s transactions and is therefore presented with a time lag of one day. The date shown is the date to which the interest rate refers.

Date for updating of values

SWESTR is published at 11.00 every banking day. If transaction data is received or validated late, the Riksbank has the possibility of updating the value at 14.00 on the same day, at which point it will become the new official value. However, an update of SWESTR will only be made if the deviation between the interest rate published at 11.00 and the new calculated interest rate exceeds two basis points.

Volume

The total transaction volume on which the calculations for SWESTR are based.

Number of reporting agencies

Number of reporting agencies that have contributed transaction data for the calculation of SWESTR.

Number of transactions

Number of underlying transactions used for the calculation of SWESTR.

Calculation method

When the transaction dataset does not fulfil one or more robustness requirements, SWESTR will be calculated in an alternative manner. If this is the case, the reason for the alternative calculation method will be presented.

1. Insufficient number of reporting agencies
2. Insufficient volume
3. Excessive volume share
4. Technical error

The aim of the test period is to enable market participants to become familiar with SWESTR and to give both reporting agencies and the Riksbank the opportunity to test their routines for reporting, data control and calculation over this period. A quality-assured and official reference rate will start to be published after the test period. The official reference rate is intended for use in financial contracts.

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Updated 27/01/2021