Overnight Index Swaps

An Overnight Index Swap (OIS) is an interest rate swap agreement where a fixed rate is swapped against a pre-determined published index of a daily overnight reference rate eg. SONIA (GBP) or EONIA (euro) for an agreed period.

ICAP provides a dedicated service covering all currencies in this product.

ICAP has designated desks to cover specific currencies and maturity bands enabling us to offer a broking service across the range of international currencies. In many markets prices are also distributed by ICAP’s technology solution i-Swap.

Click here for more information on ICAP’s i-Swap platform.