Absa ZARONIA calculator

Absa | Corporate and Investment Banking > Zaronia

Absa ZARONIA calculator

This calculator generates interest rates and interest payments on South African Rand Overnight Index Average- (ZARONIA-) linked financial products for both single and multi-periods.

It applies the conventions for loans, money markets, bonds and derivatives as endorsed by the South African Reserve Bank (SARB), while also offering flexibility, as these conventions are not strictly prescriptive. Absa aims to enhance customer engagement and facilitate the industry-wide adoption of ZARONIA through the use of this calculator.

For more information on the JIBAR to ZARONIA transition, please visit the Absa ZARONIA homepage by clicking here https://cib.absa.africa/home/insights-and-events/zaronia-benchmark-reform.  Alternatively, contact your Absa relationship manager directly.

What is the Absa ZARONIA calculator

The ZARONIA calculator computes interest and interest payments for ZARONIA-linked financial products, for both single and multi-period instruments.

What products can the calculator be used for?

The calculator applies conventions for loans, money market funds, bonds and derivatives as endorsed by the SARB, but also allows for some flexibility.

1. Although conventions have been endorsed by the SARB, they are not prescriptive.

What should the calculator be used for?

By leveraging our deep regional knowledge – and our advisory, financing and capital raising expertise – our award-winning global team will tailor an ideal solution for your needs.

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Additional Conventions
Disclaimer: The publication of South African Rand Overnight Index Average (“ZARONIA”) and other related financial data by Absa Bank Limited or an affiliate of ABSA (together “ABSA Group”) is for informational purposes only and is indicative in nature. These rates do not constitute an offer, quotation, or commitment by Absa Group to enter into any transaction at the stated rates. ABSA Group shall not be liable for any losses, damages, or expenses incurred by any third party as a result of reliance on or use of the published rates. Any party requiring an official rate quotation should contact their relationship team for a formal quote. Absa Group reserves the right to update, modify, or withdraw the published rates at any time without prior notice. ZARONIA is administered by the South African Reserve Bank and accordingly, no representation, warranty or undertaking (express or implied) is made and no responsibility is accepted by ABSA Group as to the accuracy, completeness and timeliness of information concerning ZARONIA and other related financial data published by ABSA Group. ABSA Group is under no obligation to continue the calculation, publication or dissemination of ZARONIA and cannot be held liable for any suspension or interruption in the calculation of ZARONIA and other financial data. ABSA Group shall not be held liable for any modification or change in the methodology used in calculating ZARONIA.