All posts tagged "BBSW"
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330Australia & NZASX to Implement Fallbacks in OTC Interest Rate Derivatives
From 27 June, all OTC Open Contracts cleared by ASX, including legacy trades, will be treated as if they incorporated fallback provisions contained in the 2021 ISDA Definitions.
March 24, 2022 -
627Australia & NZAustralia to Drop LIBOR in Cross Currency Swaps Trading
BBSW/LIBOR will shift to BBSW/SOFR in cross currency basis swaps trading, though the move presents challenges inherent to an IBOR/RFR pairing.
November 30, 2021 -
337Australia & NZATO Consults on Tax Implications of IBOR Reform
The ATO has set out in a discussion paper the most common tax consequences that may arise from the transition from LIBOR to RFRs.
August 20, 2021 -
338ChinaISDA, NAFMII Publish Standard Text to Enable IBOR Fallbacks in China
New definitions will come into effect on 29 October 2021 to enable firms to include contractual IBOR fallbacks into onshore derivatives transactions.
July 31, 2021 -
212Australia & NZWestpac Becomes First Aussie Major to Issue SOFR Debt
The bond issuance included a $300mn floating-rate bond tranche maturing in five years that was priced at a 52 basis point spread over SOFR.
May 28, 2021 -
472Australia & NZCBA, ANZ to Settle 2016 Lawsuit Involving BBSW Manipulation
The case was initially launched by two US hedge funds and a US-based derivatives trader, alleging they suffered losses due to bank manipulation of the BBSW.
March 23, 2021 -
548Australia & NZRBA Keeping ‘Close Eye’ on LIBOR Transition Progress
Firms should not wait for a term RFR or credit-spread adjustments to reference in non-derivatives products, says RBA assistant governor Christopher Kent.
March 19, 2021 -
321Australia & NZAustralia On Track for Smooth IBOR Transition: S&P Global
Like other jurisdictions, AONIA does not yet have an established term market, however banks and corporates can reference the three-month BBSW where a term rate is needed.
February 25, 2021 -
705Australia & NZ
ASX Benchmarks Proposes Enhancements to BBSW Methodology
Enhancements to the transaction layer of the BBSW calculation waterfall will increase the frequency with which BBSW rates are calculated using transaction data.
July 28, 2020 -
891FeatureBloomberg Begins Publishing IBOR Fallback Rates for Derivatives
The calculations being published include the adjusted RFRs, the spread adjustment and the ‘all in’ IBOR fallback rates for certain key IBORs across various tenors.
July 22, 2020
