ICE Benchmark Administration Limited (IBA) has published a report on ICE Term Risk Free Rates in their role in helping the financial markets develop such risk free rates structures. As a market- a leading provider of regulated benchmarks, administering ICE LIBOR, ICE Swap Rate and the LBMA Gold and Silver Prices, IBA believe it is uniquely positioned to help build and publish robust and sustainable term structures for the risk free rates. IBA have : IBA in October began publishing the ICE Term RFR Portal on a daily basis. This webpage is designed to be a comprehensive RFR data source for market participants. Initially, the ICE Term RFR Portal will include: Over time, with the required developments in the relevant underlying markets, IBA would like the ICE Term RFR Portal to also include: The ICE Term RFR Portal will be updated daily at various time intervals based on the release time of the relevant RFRs and the time windows selected for calculating the relevant term RFRs. IBA is working to develop methodologies which would allow for same-day publication of all term RFRs in the morning in the time zone of the relevant currency area. The report also provides considerable information about what is happening in the development of new benchmarks, including: IBA is inviting feedback from market participants on the proposed methodologies to derive forward-looking term rates and on the ICE Term RFR Portal. They want to hear from stakeholders on how IBA can enhance its approach in order to support the development and adoption of term risk free rates and make the ICE Term RFR Portal as useful and informative as possible. CTMfile take: But how many corporate treasury departments will actually use the new benchmark, see.
ICE Benchmark Administration (IBA) has published a report updating on progress and inviting feedback on its development of new benchmark alternatives for IBORs currently used in financial contracts. The report details methodologies IBA has constructed, which use futures contract data to derive forward-looking term rates for SONIA. It also sets out future goals for the ICE Term RFR Portal where the data, including averages for different tenors, will be published, such as publishing rates derived from swaps contracts and other currency-denominated RFRs.