By mid-2022, the total notional outstanding of THBFIX derivatives maturing after 2025 should be reduced by 50 percent compared to end-June 2021 figures.
November 18, 2021The BOT’s issuance of floating rate notes referencing THOR has drawn interest from investors and helped to lower spreads in the OIS market.
September 1, 2021New transactions based on THBFIX including loans, bonds, and structures notes must stop from 1 July 2021.
April 12, 2021Banks should not undertake transactions using THBFIX from 1 July 2021 onwards. The BOT has started publishing fallback rates for THBFIX.
March 19, 2021The FCA’s recent announcement has provided clarity on the future of all LIBOR settings. But, derivatives market participants still have work to do.
March 11, 2021ISDA has confirmed that the FCA’s announcement constitutes an index cessation event and that the spread adjustment to be used in fallbacks has been fixed.
March 8, 2021Institutional investors such as commercial banks, mutual funds, and insurance companies will be allowed to participate in the auction.
February 26, 2021Market participants identified a lack of standardisation, harmonisation and consensus between different jurisdictions and asset classes as a key area of concern.
January 8, 2021The move is aimed at promoting the use of THOR as a new reference rate in derivatives and cash products, the central bank said.
January 5, 2021All financial institutions will stop offering new loans and debt securities which reference THBFIX from 1 July 2021, Bank of Thailand says.
November 18, 2020