• OTC IRS and FX Production Advisory – INR FX Reference Rate

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 18-271
      • Notice Date
      • 02 July 2018
      • Effective Date
      • 02 July 2018

    • Please be advised the Financial Benchmarks India Ltd. (FBIL) is assuming the role of benchmark administrator of the USD/INR FX reference rate from the Reserve Bank of India (RBIB) effective July 10, 2018. The 2006 ISDA definitions will be updated to reflect a new name. As a result, CME will reference the FBIL sourced rate for OTC IRS and FX cash flow calculations.

      Click here for full text of the advisory

      18-271

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