OIS quotes will range from one-week to one-year maturity and refer to a total of eight different maturities. Bid and ask quotes will be published at 11.30 a.m. on working days on Reuters, Bloomberg screens (HUFONIAINDEX and NBH18) and on the MNB’s website.

The underlying product of the OIS quotes is the HUFONIA (Hungarian Forint Overnight Index Average), the weighted average rate of unsecured forint overnight transactions in the interbank market, derived from daily reports by credit institutions. HUFONIA is also published daily by the MNB. The link below contains a detailed definition of the HUFONIA:


Wider use in the domestic market of derivative transactions based on expected future movements in overnight interbank rates may help market participants manage their interest rate risk more efficiently and define realistic levels of short-term (i.e. below one year) interbank rates.

Magyar Nemzeti Bank