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Festivals in Saron, Carmarthenshire, UK - Find out whats going on tonight in the Carmarthenshire area for "Festivals" of Saron. Featuring festival, park, summer, music, bands, djs and Festivals in Saron, Llansadwrnen, Llansadwrn, Llansaint, Llansawel, Llansteffan, and includes local tweets, a map and local events in Saron. Are you #in2nite or #out2nite in Saron for Festivals
SARON stands for Swiss Average Rate Overnight and represents the overnight interest rate of the secured funding market for the Swiss Franc (CHF). (Swiss Average Rate Overnight) is an overnight interest rates average referencing the Swiss Franc CHF. It is based on transactions and quotes posted in the Swiss repo market. SARON is administered by SIX.
Internationally, there is a consensus that financial benchmarks need to be resilient and reliable. Repo markets, in their role as the backbone of the financial industry and central bank activity, are the obvious choice. They are liquid, highly regulated, and stable. The National Working Group on the Swiss Franc reference rate, which leads effort to reform benchmark interest rates, has recommended SARON as the alternative to CHF Libor.
In 2020, the SARON, along with the SAION (Swiss Average Index Overnight), was endorsed under the EU Benchmarks Regulation and is registered with the European Securities and Markets Authority, which means that it can be used as an underlying for financial products sold in the EU.
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Saron: 51.791944, -4.028333
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