The NWG Steering Committee has endorsed a recommendation on the standard OIS transaction based on WIRON

Last Friday, the Steering Committee of the National Working Group (NWG) for benchmark reform endorsed a recommendation on the standard OIS transaction based on WIRON. The draft recommendation was submitted for public consultation but no comments were received.

The Steering Committee also reports that ING Bank Śląski S.A. and PKO BP S.A. have executed the first transaction in the Polish financial market for which the WIRON interest rate index has been applied.