These best international practices would act as good benchmarks for you. You would know what is best and where do you stand and then accordingly how far you have to march ahead and in which direction. Conclusion 22.
Some benchmark users value having more certainty about their cash flows, since a term rate would be known at the start of the relevant interest period, rather than being calculated at the end of the period by compounding the cash rate. It could be possible to generate a term rate using the overnight indexed swap market or the repo market.