In accordance with the cessation plan announced in December 2021, the DFBF will discontinue publication of the Tomnext benchmark on 1st January 2026.  

Along with the cessation of Tomnext, the Sequence 2 of the CITA reform will come into effect and the calculation methodology and definition of the CITA Benchmark will be changed.  

CITA Calculation Methodology 

Effective from 1st January 2026, panel banks’ submissions to CITA will remain based on DESTR OIS, but DFBF will no longer add the defined Spread. Consequently, the reference rate will be reduced by the previously applied 19bps spread on 1st January 2026. 

CITA Definition 

Upon the commencement of Sequence 2, on 1st January 2026, the CITA definition will be changed to a final definition as follows:  

“CITA is a benchmark for risk-free interest rates for DKK over the relevant forward-looking tenors as implied by Overnight Index Swap contracts that reference DESTR.” 

Further information on the CITA reform and upcoming changes can be found via this link.