Nasdaq collects, calculates and publishes the reference rate CITA. CITA is published approximately at 11:00. After the publication the individual quotes can be found on the Finance Denmark's website.


CITA Fixing

Following Banks are participating in the CITA fixing: Danske Bank, Jyske Bank, Nordea Bank, Nykredit Bank, SEB, Sydbank and Spar Nord Bank.

In a CITA interest rate swap (Copenhagen Interbank Tomorrow/Next Average) the day to day rates (T/N-rate) are exchanged for a fixed DKK interest rate, for a fixed period agreed upon by the swap contact. There are CITA fixings of maturities 1, 2, 3, 6, 9 and 12 months.

CITA quoting banks follows (value date; t 2, Day Convention; Act/360, banking days; Copenhagen, Modified Following) and quotes CITA on all Danish banking days.

Finance Denmark's guide to rules governing CITA rate fixing, can be found here.