Sonia Name Meaning in English Name is an identity of an individual that gives himher identification among others.

Sonia meaning banking. For example to calculate the interest paid on transactions and sterling. 1 What is SONIA. SONIA which is administered by the Bank of England is the chosen RFR for sterling loans.

It has historically been used as a benchmark for overnight unsecured transactions denominated in GBP. All acronyms 7 Business Finance 2 Medicine Science 2. The meaning of Sonia is wisdom.

This is a female name derived from sophíā sofía σοφία the Greek word for wisdom knowledge teaching skill related to everyday life sound judgment prudence. Naming a baby is a sacred process and every parent tries to provide the best possible name to their little angel. Register for Online Banking.

By members of the London WMBA. SONIA the Sterling Overnight Index Average is a widely used sterling interest rate benchmark that was introduced in 1997. SONIA stands for Sterling Overnight Index Average.

Ii Statement of methodology On each London business day SONIA is measured as the trimmed mean rounded to four decimal places of interest rates paid on eligible sterling denominated deposit transactions. In turn the name is closely linked to the term sophós σοφός meaning clever skillful cunning able. SONIA is a measure of the rate at which interest is paid on sterling short-term wholesale funds in circumstances where credit liquidity and other risks are minimal.

SONIA Sterling Overnight Index Average. SONIA is that it was first introduced in March 1997 and was later reformed in April 2018. In April 2017 the Working Group on Sterling Risk-Free Reference Rates RFRWG commissioned by the Bank of England BoE recommended that SONIA is to be the successor ARR to GBP LIBOR.