The Riksbank has adopted a new Framework for the transaction-based reference rate SWESTR, consolidating the rules governing its role as administrator and replacing the previous SWESTR policy and administration rule. The recast does not entail material changes to how SWESTR is calculated or to the Riksbank’s administration of SWESTR, and separate SWESTR information documents will no longer be published. The framework merges and streamlines the earlier documentation to remove overlap and clarify governance, with departmental responsibilities for SWESTR now set out in the Instructions for Sveriges Riksbank and decisions of principle on SWESTR’s design set out in the framework. It covers the determination and publication of SWESTR and also the average interest rates (1 week, 1 month, 2 months, 3 months and 6 months) and the index based on SWESTR, with official publication on the Riksbank’s website and dissemination also via the Riksbank’s API. The framework enters into force on 5 June 2025, with the earlier SWESTR policy and administration rule repealed at the same time.
Riksbank 2025-06-05
Riksbank adopts consolidated SWESTR framework and repeals prior policy and administration rule
The Riksbank has adopted a new Framework for the transaction-based reference rate SWESTR, consolidating previous policies without altering its calculation or administration. The framework clarifies governance and departmental responsibilities, covering SWESTR's determination, publication, and related average interest rates. Official publication will occur on the Riksbank’s website and via its API.