Skip to content
  • forex news
wikifx

wikifx

  • forex news
  • Toggle search form
  • Equiniti acquisition by Earth Private Holdings secures FCA approval forex news
  • CySEC warns against VestleFX, PowerFXM forex news
  • Exness hires Wael Makarem as Senior Market Strategist – MENA forex news
  • Court orders NFA to respond to Effex Capital by Feb 9, 2022 forex news
  • FX week in review: ADSS and Saxo execs leave, Nukkleus SPAC IPO, Admirals fined, FX/CFD broker shares drop forex news
  • Exclusive: FXCM alum Adam Dougall hired as CEO of GKPro forex news
  • CFTC action against former HSBC exec reaches Hong Kong forex news
  • Court chides distribution agent for $40M Tesla fair fund forex news

Launch of GBP SONIA Spread-Adjusted ICE Swap Rate set for Jan 4, 2022

Posted on 2021-12-23 By admin No Comments on Launch of GBP SONIA Spread-Adjusted ICE Swap Rate set for Jan 4, 2022

Intercontinental Exchange, Inc. (NYSE:ICE) today announced that ICE Benchmark Administration Limited (IBA) plans to launch GBP SONIA Spread-Adjusted ICE Swap Rate for use as a benchmark in financial contracts and financial instruments by licensees on January 4, 2022.

The launch follows the successful publication by IBA of GBP SONIA Spread-Adjusted settings on an indicative, ‘Beta’ basis since May 2021.

“GBP SONIA Spread-Adjusted ICE Swap Rates are an essential component for how the non-linear derivative market addresses legacy contracts referencing GBP LIBOR ICE Swap Rate,” said Bob Goodfellow, Head of GBP Rates and Inflation Options at NatWest Markets.

“The spread-adjusted settings have been developed in response to demand from the market for rates which parties to agreements can use to help address legacy non-linear derivatives, structured products and cash market instruments referencing GBP LIBOR ICE Swap Rate,” said Tim Bowler, President of ICE Benchmark Administration.

GBP SONIA Spread-Adjusted ICE Swap Rate settings are available alongside IBA’s GBP SONIA ICE Swap Rate settings. The settings are published for tenors ranging from one to 30 years and are determined in line with the methodology proposed by the Working Group on Sterling Risk-Free Reference Rates in its paper “Transition in Sterling Non-Linear Derivatives referencing GBP LIBOR ICE Swap Rate (ISR)”.

From January 4, 2022, the settings will be provided for use as a benchmark by licensees on and subject to the terms of their current GBP ICE Swap Rate licensing agreements.

forex news Tags:forex-news

Post navigation

Previous Post: Marex gets a slap on the wrist for deficient reporting of block trades
Next Post: 5 brokers have had important changes to their regulation October

Related Posts

  • FCA issues final LIBOR publications before end-2021 deadline forex news
  • CFTC seeks to suspend registration of Mississippi CTA due to criminal charges forex news
  • CFTC updates on its action against binary options scam Berkley Capital Management forex news
  • Institutional FX trading ends strong 1H-2021 up 3% in June forex news
  • FCA warns of IC Markets fakes and clones forex news
  • SEC charges Rivetz Corp for $18M illegal ICO forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Forex Trader News of the Week
  • A-book forex brokers VS A-book brokers, differences?
  • BrokersView Ranking: Top10 forex brokers Nigeria
  • STC Trade View: Is STC Trade Broker Safe?
  • Fake Authority Scam In Germany Claimed To Be UK FCA Warned By BaFin

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • FX week in review: CySEC scolded, eToro results, affiliate compliance, Bitcoin ATM shutdown forex news
  • HKEX appoints Yang Qiumei as Managing Director, Advisor to CEO forex news
  • Andreas Wigstrom promoted to Managing Director at LMAX Global forex news
  • Robinhood to pay $70M to settle FINRA charges forex news
  • Exclusive: Christina Theodorou joins Spotware Systems as COO forex news
  • Interactive Brokers registers 8% M/M drop in DARTs in August 2021 forex news
  • Exclusive: Dukascopy revenues fall 23% in 1H-2021 to CHF 11 million forex news
  • Yukom founder seeks to stay CFTC action against him forex news

Copyright © 2023 wikifx.

Powered by PressBook News WordPress theme