The global reference provider and FTSE Russell index has announced that it is boosting the methodology of the reported Dong interest rate of VND VNIBOR.
The traffic will be effective since November 3 and is designed to be more aligned with the recommendations of the Financial Stability Council to reform interest rates reporting.
The VND Vinbor is an established Vietnamese interbank interest rate with the story that has returned for over 25 years.
Jacob Rank-Broadley, head of the Libor transition to FTSE Russell, said:
“These methodological changes have been developed in conjunction with the market to ensure that Vietnam has an accurate and powerful interbank rate that will support the growth of the financial markets and the Vietnam economy.”
After the consultation of the industry and the successful publication of original, overnight, overnight stays, points, two -week, one -month and three -month -old tenors will be calculated using a new resistant methodology based on VND deposits.
In addition, FTSE Russell is launching a new overnight overnight VNIBOR overnight and overnight index to support the use of Vnibor Vnibor as a percentage without risk. This will further align Vietnam with other top markets that have adopted risk -free rates, such as the United States and Singapore, where SOFR and Sora are used.
The administration of overnight stays, points, two weeks, quarterly and three months, increased averages and the index will go to FTSE International Limited and will be granted in accordance with the United Kingdom and EU BMR regulations.
While the methodology for 2 months, 6 months, 9 months and 12 -month residual tenors will remain on the basis of bidding data, the calculation methodology will be transformed into a medium -sized rate that is sampled for a longer period of time to be aligned with the Tenors based on trade.
For the Vietnam market, FTSE Russell also publishes the Vnibor Vnibor USD and VNDFIX reference rate.