(17)According to the Swiss NWG recommendation of 1 February 2021, users should adopt, as a replacement rate for CHF LIBOR 1-Month, SARON 1-Month Compound Rate and for CHF LIBOR 3-Month, SARON 3-Month Compound Rate determined under the last reset methodology, that is, the compounded SARON rate as calculated on the basis of respectively the 1-month and 3-month period directly preceding the interest period.