THE ENHANCED PESO interest rate swap market is set to open on Monday (Nov. 18), a move the Bangko Sentral ng Pilipinas (BSP) said will mark a “significant step toward boosting trading and liquidity in the domestic bond market.”
The Bankers Association of the Philippines (BAP) in a statement said it is launching the peso interest rate swap (IRS) market, following the release of the updated International Swaps and Derivatives Association (ISDA) on Nov. 15.
The Philippine Overnight Reference Rate (ORR) was included in the rates published by the ISDA.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
