ASIC, RBA Endorse New ASX BBSW Trade Reporting Guidelines

[kreslik.news]

Australia’s bank bill swap rate (BBSW), a key determinant and benchmark for the Australian dollar (AUD), has seen a major change in its methodology. The BBSW’s procedure is being amended to reflect a wider set of market transactions. The move is endorsed by both the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA).

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The BBSW is widely referenced in financial contracts, though it has been historically plagued with low trading volumes during the rate set window, given ... (read more)