All posts tagged "SOFR"
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245IndiaRBI Amends FX Rules for Exports to Facilitate LIBOR Transition
Under the amendment, authorised dealer banks can use ARRs in place of LIBOR for interest payable in export/import transactions.
September 29, 2021 -
288InternationalIBA Launches New RFR Indexes to Facilitate LIBOR Transition
IBA has now launched RFR indexes for SOFR, SONIA, €STR and TONA, providing daily values that represent accrued compound interest.
September 24, 2021 -
255FeatureRFR Adoption Reaches New Heights in Key LIBOR Markets
RFR adoption jumped in August in Japan and Switzerland. The US and UK are seeing steady progress. ISDA chief Scott O'Malia says there is no room for complacency.
September 19, 2021 -
578FeatureAPLMA, TMA Issue Guidance on SOFR Adoption in Loan Markets
The HKMA said it supports the publication of the new information note, which sets out options to replace USD LIBOR with SOFR in loan contracts.
September 15, 2021 -
332FeatureIOSCO Says Credit Sensitive Rates Pose Financial Stability Risk
IOSCO says SOFR should be used in place of USD LIBOR and that it will be closely monitoring how the “IOSCO badge” is used in compliance assessments of credit sensitive rates.
September 9, 2021 -
444Market InfrastructureUS Treasury ‘Will Not Adjudicate’ on LIBOR Replacement Rates
Nonfinancial corporations were seeking clarity on alternative rates and help to address difficulties obtaining loan agreements based on SOFR.
August 27, 2021 -
285Market InfrastructureCME Group Launches BSBY Futures Contract
The contract was introduced to offer price discovery and risk hedging for the BSBY Index. CME Group plans to introduce OTC clearing of BSBY swaps in Q4.
August 25, 2021 -
450Hong Kong
HKMA Sets Conditions for Issuing New USD LIBOR Contracts
In the fourth quarter, the frequency at which banks have to report data to the HKMA will also increase from quarterly to monthly, with a simplified reporting template.
August 20, 2021 -
373FeatureJapan Decides Start Date to Shift Cross-currency Swaps to RFRs
Japan will change interdealer trading conventions for cross-currency basis swaps from LIBOR to RFRs on 21 September.
August 16, 2021 -
252InternationalRefinitiv Launches Prototype USD Fallback Rates for Cash Products
There are two versions of the Refinitiv USD IBOR Cash Fallbacks: one for consumer cash products, the other for institutional cash products.
August 13, 2021
