RIC codes on market rates

Reuters Instrumental Codes (RIC) are unique codes used by Reuters for identifying financial instruments and indices.

RIC can be used by anyone who subscribes to news from Reuters to look up both updated numbers and historical information on different financial instruments, including market interest rates. For example, RIC for 3M NIBOR: OINOK3MD.

Below you will find an overview of different RIC codes for market interest rates in different currencies and fixing times.

Disclaimer: The day-to-day market rates may vary for different products, and the codes can be object for changes.

Currencies and interest rate setting

Abbreviations used in the table

IPS – Individual Pricing Source

ON – Overnight

TN – Tomorrow Next

BN – Back Next

SN – Spot next

Bid - buyer’s price

Ask – seller’s price

Day-to-day market interest rates in different currencies

Foreign exchange	Value code	RIC bid	RIC ask	Reuters page	Fixing time
USD	BN	USDSOFR=*	USDSOFR=	USDSOFR	14:00 CET
EUR	BN	EUROSTR=	EUROSTR=*	EUROSTR	08:00 CET
GBP	ON	SONIAOSR=**	SONIAOSR=	SONIA	09:00 local time
SEK	TN	STISEKTNDFI=*	STISEKTNDFI=	SIOR=	11:00 CET
CHF	ON	SARONON = R*	SARONON = R	SARON	18:00 CET
AUD	ON	AUCASHT=RBAA*	AUCASHT=RBAA	RBA30	Not available
JPY	ON	JPYOISONZ = R*	JPYOISONZ=R	JPYOISONZ=R	10:00 a.m. local time
DKK	BN	DESTR=DKNA	DESTR=DKNA	DESTR=DKNA	10:00 p.m.CET
CAD	BN	BOCREPOAVG=*	BOCREPOAVG=	CORRA=	09:00 a.m. local time*
NZD	ON	NZCASH=RBNZ	NZCASH=RBNZ	RBNZ02	Not available
HKD	ON	HIHKDOND=	HIHKDOND=	HIBOR=	11:00 local time
ZAR	TN	ZARTND=	ZARTND=	IPS	02:00 p.m.
CZK	ON	PRICZKOND=*	PRICZKOND=	PRIBOR=	11:10 a.m.
PLN	ON	WIPLNOND=	WIPLNOND=	WIBOR=	11:00 a.m.
HUF	ON	BUHUFOND=*	BUHUFOND=	BUBOR=	11:00 a.m.
SGD	BN	SORA=MAST*	SORA=MAST	SORA	09:00 local time
BHD	ON	MBHDOND=	MBHDOND=	IPS	02:00 p.m.
ILS	ON	TELILSOND=*	TELILSOND=	TELBOR01	11:45 local time
TRY	ON	.TLREF*	.TLREF	.TLREF	4.00 pm local time
AED	TN	AEDTND=	AEDTND=	IPS	02:00 p.m.
RON	ON	RORONOND=	RORONOND=	ROBOR=	11:00 local time
SAR	TN	SARTND=	SARTND=	IPS	02:00 p.m.
QAR	ON	QAROND	QAROND	IPS	02:00 p.m.
MAD	TN	MADTND=	MADTND=	IPS	02:00 p.m.

* Adjusted for spread (the difference between bid and ask)

**GBP, from 24 April 2021: SONIA (Sterling Overnight Index Average) is administered by the Bank of England and is published at 9 am the next working day in London.

The table was last updated in April 2025

Norwegian interest rates

NOWA

Nowa (Norwegian Overnight Weighted Average) is the interest rate on unsecured overnight loans in Norwegian kroner between active banks in the Norwegian overnight market. Nowa is based on actual transactions, reported via Norges Bank’s money market data reporting (RPD). Nowa, all Norwegian banking days are calculated and will be published the following day.

Get updated information about NOWA on Norges Bank’s website.

Interest rate setting - market making FAQ

What is the definition of day-to-day money rate?

Day-to-Day money rate or the overnight rate, is a standardised and neutral interest rate fixing for the individual currency type. The rate is quoted daily at fixed times in the market for the currency in question.

If the bank uses a different source, this will represent a rate that is published, and which is generally used in the market for the currency type in question. For currencies where there is no official fixing or well-developed market for interest rates, the bank is obliged to set the rate itself.

See summary on this page, or here.

How often are day-to-day money rates changed?

What do SPREAD, BID and ASK mean in relation to interest rates?

What is a RIC code?

What benefits does the customer get from the reference rate?

What is public fixing?

Every banking day, in most countries with a well-developed interest rate market, a selected panel of banks quote interest rates for different time periods. These interest rates are called a “Day-to-day money rate” or “overnight rate”. Based on the interest rates provided by the banks, the panel calculates an interest rate for each of the different time periods, which then becomes the average interbank interest rate in the currency in question. For example, for the USD, the fixed-income interest rates are called EFFR.

Here is an overview of day-to-day money rates in different currencies/countries.

Which currencies can have a day-to-day money rate?

What is Thomson Reuters?

What financial impact come into effect if you switch sources of overnight rates?

Where will I find the basis for the overnight rate if I don’t have Reuters?

Where is the basis for the overnight rate found?

The basis is available on public websites in the different countries, normally on the national central banks’ websites. Here are a few examples:

USD: https://www.federalreserve.gov/monetarypolicy/openmarket.htm

EUR: http://www.euribor-rates.eu/

SEK: http://www.riksbank.se/sv/Rantor-och-valutakurser/Sok-rantor-och-valutakurser/

GBP/ Sonia Interest Rate Benchmark SONIA is administered by the Bank of England and is published at 09:00 the following working day in London.

JPY Bank of Japan calculates and publishes TONAR. Click here for Bank of Japan: TONAR (English)

CHF: Swiss Average Rate Overnight (SARON) is an average of overnight rates that refer to Swiss francs CHF. Click here.

NZD: RBNZ OCR - Reserve Bank of New Zealand Official Cash Rate. RBNZ OCR - observations

RIC codes on market rates

Abbreviations used in the table

Day-to-day market interest rates in different currencies

Norwegian interest rates

NOWA

Interest rate setting - market making FAQ

What is the definition of day-to-day money rate?

How often are day-to-day money rates changed?

What do SPREAD, BID and ASK mean in relation to interest rates?

What is a RIC code?

What benefits does the customer get from the reference rate?

What is public fixing?

What is Thomson Reuters?

What financial impact come into effect if you switched sources of overnight rates?

Where is the basis for the overnight rate found?

RIC codes on market rates

Abbreviations used in the table

Day-to-day market interest rates in different currencies

Norwegian interest rates

NOWA

Interest rate setting - market making FAQ

What is the definition of day-to-day money rate?

How often are day-to-day money rates changed?

What do SPREAD, BID and ASK mean in relation to interest rates?

What is a RIC code?

What benefits does the customer get from the reference rate?

What is public fixing?

What is Thomson Reuters?

What financial impact come into effect if you switched sources of overnight rates?

Where is the basis for the overnight rate found?