Your browser is unsupported

Please visit this URL to review a list of supported browsers.

Benchmark reform in the Asia-Pacific: The latest developments across jurisdictions

Across the Asia-Pacific, countries are at varying stages of developing their own risk-free rates as alternatives after certain LIBOR settings were officially ceased at the end of 2021. Jurisdictions in APAC have different approaches in their benchmark reform programs, reflecting differing levels of urgency depending on the calculation methodology of their original rates.

Read more

As a new era for reference rates dawns, the industry is making the shift to alternatives, with implications across the finance landscape. At ICE, we can help you manage the shift to alternative reference rates, with real-time derivatives data, valuations and analytics, futures contracts on all major alternative rates and ICE Benchmark Administration's preliminary Term Rates for SONIA.

Insights

Article - March 16, 2022
Benchmark reform in the Asia-Pacific: The latest developments across jurisdictions

Across the Asia-Pacific, countries are at varying stages of developing their own risk-free rates as alternatives after certain LIBOR settings were officially ceased at the end of 2021. Jurisdictions in APAC have different approaches in their benchmark reform programs, reflecting differing levels of urgency depending on the calculation methodology of their original rates.

Webcast - May 16, 2021
LIBOR cessation: Preparing for the future

The market is entering a critical phase of transition. As firms accelerate implementation plans, we examine recent developments, as well as the practical implications of LIBOR fallbacks with ISDA’s Ann Battle, Head of Benchmark Reform.

Article - July 28, 2020
Alternative Reference Rates: The European Perspective

As European participants assess the consequence of benchmark reform for their portfolios and balance sheets, any new contracts will need close assessment. Germany is poised to play an increasingly vital role in European financial markets after Brexit

Article - February 15, 2021
Alternative Reference Rates: Transitioning in the Asia-Pacific

In Asia-Pacific and around the world, financial institutions are grappling with the transition to new reference rates. The referencing of IBORs in many financial contracts means that managing transition risk is crucial.

Webcast - July 28, 2020
Alternative Reference Rates: Preparing for the Fallback

The IBOR transition is under way and ICE is helping the market to navigate corresponding risk. Listen to an overview of solutions from ICE to help you transition to new benchmarks.

Publications - December 31, 2021
U.S. Dollar ICE Bank Yield Index Update

The U.S. Dollar ICE Bank Yield Index will be a forward-looking, credit-sensitive benchmark, developed specifically as a potential replacement for LIBOR for U.S. dollar lending activity — get an update on the evolution of the proposed Index methodology, and daily testing results.

INTERVIEW - April 16, 2021
Managing the LIBOR Transition

Steve Hamilton, Global Head of Financial Derivatives at ICE, joins The TRADE to discuss the challenges and solutions for asset managers.

Solutions to support

Futures on alternative rates »

SONIA futures are cash settled STIR futures, based on the average Sterling Overnight Index Average (SONIA). SONIA reflects bank and building societies’ overnight funding rates in the sterling unsecured market. The Secured Overnight Financing Rate (SOFR) is a broad measure of the overnight cost of borrowing cash collateralized by Treasury securities.

U.S. Dollar Reference Rates »

A comprehensive overview of the IBA solutions designed to help stakeholders prepare for transition to new U.S. Dollar interest rate benchmarks.

Derivatives data, valuations & analytics »

Navigate the transition with streaming data on ARR curves including discount factors, forward rates and liquidity metrics. Valuations for interest rate derivatives instruments using ARRs, as well as a solution to view swaps portfolio risks split into IBOR and ARR risk buckets for hedging efficiencies.

Term SONIA Reference Rates »

ICE Term SONIA Reference Rates are designed to measure expected SONIA rates over one, three, six and twelve month tenor periods, based on a Waterfall Methodology using eligible prices and volumes for specified SONIA-linked interest rate derivative products.

RFR Portal »

Designed to be a comprehensive RFR data source for market participants, the RFR Portal includes the ICE RFR Calculator, published and realised average RFR data for SOFR, SONIA, TONA and €STR, and the ICE Term SONIA Reference Rates.

Request a demo