The Steering Committee of the National Working Group for benchmark reform has adopted a paper on Methods of applying the RFR and selected rules for calculating compound rates

This document is for reference and educational purposes. It describes in detail selected methods of calculating the RFR-based interest rate and compound rates which have been indicated as recommended, in relation to each group of products and clients, in the recommendations prepared by the Banking Products, Leasing and Factoring Stream of the National Working Group (NWG) for benchmark reform.

An integral part of this document is the spreadsheet titled ‘Methods of applying the RFR and selected for calculating compound rates in banking products’, which includes practical examples of calculation of RFR-based interest flows in banking products.