Dirham Overnight Index Average (DONIA) - Financial definition
Country
: United Arab Emirates
Concise definition of the term Dirham Overnight Index Average
DONIA is the effective reference rate for actual overnight funding transactions denominated in UAE Dirham.
Comprehensive definition of the term Dirham Overnight Index Average
DONIA is computed as a volume-weighted money market rate for all actual overnight secured and unsecured funding transactions of AED 10 million or greater contracted by all banks operating in the UAE, captured through the UAE Funds Transfer System (UAEFTS).
It is published since December 7th, 2021 on UAE official working days at 09:30h local time on the [ACR0022867S]CBUAE[ACR0022867E]’s website, as well as via Bloomberg (Index Ticker «DONIA») and Refinitiv Eikon («DONIA»).