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.
- Volume28,328 MSEK
- Number of transactions37
- Number of agents6
- Calculation methodNormal
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.