ICE Benchmark Administration Limited launches ICE Term RFR Portal.
LONDON: Intercontinental Exchange, Inc. announced that ICE Benchmark Administration Limited (IBA) has launched the ICE Term RFR Portal and published a paper on potential term structures for alternative Risk Free Rates (RFRs).
IBA's preliminary methodology for deriving term SONIA is set out in detail in the published paper, together with other approaches that could be used to derive forward-looking Term Rates for SONIA and the other RFRs. Over time, where market conditions permit, IBA hopes to include forward-looking Term Rates for all the RFRs on the ICE Term RFR Portal based on these approaches.
Intercontinental Exchange is a leading operator of global exchanges and clearing houses and provider of data and listings services. The ICE Term RFR Portal is designed to provide market participants with key information on RFRs on a daily basis. Initially IBA plans to include the following in the ICE Term RFR Portal:
1. Preliminary forward-looking one, three and six month Term Rates for SONIA (the Sterling RFR), derived from futures contracts data;
2. Realised simple and compounded averages for one, three and six month periods for SONIA, SOFR (the US Dollar RFR) and TONA (the Japanese Yen RFR); and
3. The daily published rate for SONIA, SOFR and TONA.
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|Publication:||Daily the Pak Banker (Lahore, Pakistan)|
|Date:||Oct 17, 2018|
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