- NPR: Floating rate not available (only fixed rate). Pricing is based on INR curve plus risk premium / 15 yrs fixed
- BDT: 91 day 182 day 364 day T-bills / 15 yrs fixed
- UGX: 91-day 182-day 364-day T-bills / 15 yrs fixed
- MXN: 28-day 91-day TIIE / 15 yrs fixed
- RWF: 13 week T-bill rates / 4 yrs fixed
- CRC: Tasa Basica (6 month) / 7.5 yrs fixed
- TND: Taux Moyen Mensuel du Marché Monétaire (TMM) / 15 yrs fixed
- PEN: 1-month, 3-month, 6-month, 1year LIMABOR in PEN / 15 yrs fixed
- IDR: 1-month, 3-month, 6-month, 12-month JIBOR OR 1-month, 3-month SBI rate / 15 yrs fixed
- BYR: Model-based / only floating
- LKR: 1-month, 3-month, 6-month, 1year SLIBOR / 15 yrs fixed
- XOF: No floating available. TCX offers only fixed based on EUR curve plus risk premium / 15 yrs fixed
- MAD: No benchmark available. Only fixed / 15 yrs fixed
- KGS: 3-month and 6-month and 1-year T-bills / 3 yrs fixed
- NIO: 1-month, 3-month, 6-month, 1year rates of Tasas Pasivas Cordobas 3-month, 6-month, and 1-year average monthly rates in NIO / only floating
- XOF: No floating available. TCX offers only fixed based on EUR curve plus risk premium / 15 yrs fixed
- TZS: 91-day, 182-day and 364-day T-bills / 15 yrs fixed
- INR: 1-mo 3-mo MIBOR / 15 yrs fixed
- THB: 1-month 3-month 6-month 1-year BIBOR / 15 yrs fixed
- VND: 1-month 3-month 6-month VNIBOR / 15 yrs fixed
- XAF: No floating available. TCX offers only fixed based on EUR curve plus risk premium / 15 yrs fixed
- MYR: 1-month, 3-month, 6-month, and 12-month KLIBOR / 15 yrs fixed
- BWP: 91-day Bank of Botswana Certificate (BoBC) / 15 yrs fixed
- MZN: 91-day, 182-day, 364-day T-bills / only floating
- XAF: No floating available. TCX offers only fixed based on EUR curve plus risk premium / 15 yrs fixed
- XAF: No floating available. TCX offers only fixed based on EUR curve plus risk premium / only floating
- ZMK: 91-day, 182-day and 364-day T-bills / 15 yrs fixed
- GEL: 182-day and 364-day T-bill rates / 3 yrs fixed
- EGP: 3-month 6-month 1-year T-bills / 15 yrs fixed
- JOD: 1-mo, 3-mo, 6-mo, 1yr JODIBOR / 4.5 yrs fixed
- XOF: No floating available. TCX offers only fixed based on EUR curve plus risk premium / 15 yrs fixed
- MDL: Average of 1-month, 3-month, 6-month, 12-month CHIBID and CHIBOR / 1.5 yrs fixed
- UYU: 30-day, 90-day, 180-day, and 360-day ITLUP / 4.5 yrs fixed
- KES: 91-day 182-day T-bills / 15 yrs fixed
- XOF: No floating available. TCX offers only fixed based on EUR curve plus risk premium / 15 yrs fixed
- CNY: 1-month, 3-month, 6-month and 1-year SHIBOR / 15 yrs fixed
- DOP: Tasa de interes pasiva promedio ponderada de los Bancos Multiples (TPPP) / 1.5 yrs fixed
- AZN: 3 month and 6 month T-bill rates / 4.5 yrs fixed
- XOF: No floating available. TCX offers only fixed based on EUR curve plus risk premium / 15 yrs fixed
- XOF: No floating available. TCX offers only fixed based on EUR curve plus risk premium / 15 yrs fixed
- KZT: 3-month KazPrime / 15 yrs fixed
- XAF: No floating available. TCX offers only fixed based on EUR curve plus risk premium / only floating
- MGA: 4-week, 12-week, 24-week, 52-week T-bills / only floating
- MNT: Average of the 1-month, 3-month, 6-month, and 1-year of UBIBID and UBIBOR / 1.5 yrs fixed
- HNL: 91-day and 182-day T-bills rates / only floating
- KHR: Model-based / only floating
- NGN: 91-day, 182-day, 364-day T-bills / 13 yrs fixed
- ARS: 30 day 90 day 180 day 365 day BAIBOR / 15 yrs fixed
- PKR: 3-month, 6-month, and 12-month KIBOR / 15 yrs fixed
- PYG: PYG 180 to 365 days, monthly average rate / only floating
- MKD: 3-month and 6-month T-bills / only floating
- TRY: 1-month 3-month 6-month 1-year TRLIBOR / 15 yrs fixed
- XOF: Floating rate not available (only fixed rate) / 15 yrs fixed
- BAM: EUR swap curve with risk premium / 15 yrs fixed
- GTQ: Floating not available. Only fixed based on model-based pricing / 4 yrs fixed
- PHP: 1-month 3-month 6-month PHIBOR / 15 yrs fixed
- GHS: 91-day 182-day and 1-year T-bill / 4.5 yrs fixed
- HRK: 1-month, 3-month, 6-month, 1year ZIBOR / 15 yrs fixed
- UAH: Kievprime is under review as potential benchmark. TCX can only quote fixed in UAH for the time being. / only floating
- YER: 3-month, 6-month and 1-year weighted average T-bill rates / only floating
- JMD: 30-day Money Market Rate / 15 yrs fixed
- XAF: No benchmark available.TCX offers only fixed rate based on EUR curve plus risk premiu / 15 yrs fixed
- BRL: CDI, 30-day 90-day 180-day 360-day Pre-ID / 15 yrs fixed
- AMD: 12 month T-bill 6 month T-bill / 15 yrs fixed
- CLP: 1-day TCPI Tasa de Interés Promedio Interbancaria a 1 dia (TIPI) / 15 yrs fixed
- XOF: No floating available. TCX offers only fixed based on EUR curve plus risk premium / 15 yrs fixed
- ALL: 3 month 6 month 1 year T-bills / 4.5 yrs fixed
- XAF: Floating rate not available (only fixed rate). Pricing is done based on EUR curve plus risk premium / 15 yrs fixed
- COP: 90-day, 180-day and 360-day DTF / 15 yrs fixed
- ZAR: 1-month 3-month 6-month 12-month JIBAR / 15 yrs fixed
- MRO: 4-week and 13-week T-bills / only floating
- XOF: No floating available. TCX offers only fixed based on EUR curve plus risk premium / 15 yrs fixed
- BOB: 91 day 182 day Letras del Tesoro en Moneda Nacional / 15 yrs fixed
- RSD: 1-month, 3-month, 6-month BELIBOR / only floating
Reference Rates
TCX has a stringent set of requirements for the selection of floating or fixed rate benchmarks it will accept. The table below provides a list of approved local currency benchmarks. Note that new benchmarks are added periodically. TCX provides its products for currencies for all OECD DAC 2006 countries. It offers hedging of these currencies into any tradeable currency.
This information is provided for information purposes only. It may differ from the text present in the confirmations. No rights can be derived from the data below.
The latest update was done on the 10th of December 2009.
| ISO | Currency | Benchmark | Source of data |
|---|---|---|---|
| ALL | Albanian Lek | 3 month 6 month 1 year T-bills | Bloomberg and the Bank of Albania |
| AMD | Armenian Dram | 12 month T-bill 6 month T-bill | Central Bank of Armenia, under "Publications", "Messages and announcements". |
| ARS | Argentine Peso | 30 day 90 day 180 day 365 day BAIBOR | Bloomberg. The codes are: ARLBP30 Index ARLBP90 Index ARLBP180 Index ARLBP365 Index |
| AZN | Azerbaijan Manat | 3 month and 6 month T-bill rates | Baku Stock Exchange, in the press releases, T-bills results |
| BAM | Bosnia-Herzegovina Mark | EUR swap curve with risk premium | Bloomberg |
| BDT | Bangladesh Taka | 91 day 182 day 364 day T-bills | Central Bank of Bangladesh, under "money market", "Govt. securities auction", "Treasury bills and bonds" |
| BOB | Bolivian Boliviano | 91 day 182 day Letras del Tesoro en Moneda Nacional | Central Bank of Bolivia, under Indicadores, Operaciones de Mercado Abierto. Select “Resultado de subasta letras del Tesoro”. |
| BRL | Brazilian Real | CDI, 30-day 90-day 180-day 360-day Pre-ID | Bloomberg |
| BWP | Botswana Pula | 91-day Bank of Botswana Certificate (BoBC) | Bank of Botswana, In the “Rates search” table, select “Rate: BoBC RATE (91-day)” |
| BYR | Belarusian Ruble | Model-based | |
| CLP | Chilean Peso | 1-day TCPI Tasa de Interés Promedio Interbancaria a 1 dia (TIPI) | Chile Central bank and Bloomberg (CHIBNOM Index) |
| CNY | Chinese Renminbi | 1-month, 3-month, 6-month and 1-year SHIBOR | Bloomberg. The codes are: SHIF1M Index, SHIF3M Index, SHIF6M Index, SHIF1Y Index |
| COP | Colombian Peso | 90-day, 180-day and 360-day DTF | Colombian Central bank and Bloomberg. The codes are: DTF Rate Index DTF 180 Index DTF360 Index |
| CRC | Costa Rican Colon | Tasa Basica (6 month) | Costa Rican central bank |
| DOP | Dominican Peso | Tasa de interes pasiva promedio ponderada de los Bancos Multiples (TPPP) | Dominican Republic Central Bank |
| EGP | Egyptian Pound | 3-month 6-month 1-year T-bills | Egyptian Ministry of Finance |
| GEL | Georgian Lari | 182-day and 364-day T-bill rates | National Bank of Georgia |
| GHS | Ghanaian Cedi | 91-day 182-day and 1-year T-bill | Bank of Ghana |
| GTQ | The Guatemalan quetzal | Floating not available. Only fixed based on model-based pricing | Banco de Guatemala http://www.banguat.gob.gt/ |
| HNL | Hondurian Lempira | 91-day and 182-day T-bills rates | Banco Central de Honduras |
| HRK | Croatian Kuna | 1-month, 3-month, 6-month, 1year ZIBOR | Bloomberg. The codes are: ZIBOR1M Index ZIBOR3M Index ZIBOR6M Index ZIBOR1Y Index |
| IDR | Indonesian Rupiah | 1-month, 3-month, 6-month, 12-month JIBOR OR 1-month, 3-month SBI rate | Bloomberg Central Bank of Indonesia |
| INR | Indian Rupee | 1-mo 3-mo MIBOR | Bloomberg |
| JMD | Jamaican Dollar | 30-day Money Market Rate | Bank of Jamaica, under Economic data, Interest rates, Money market summary |
| JOD | Jordanian Dinar | 1-mo, 3-mo, 6-mo, 1yr JODIBOR | ABJ website Bloomberg codes are : JDIBOR1M Index JDIBOR3M Index JDIBOR6M Index JDIBOR12 Index |
| KES | Kenya Shilling | 91-day 182-day T-bills | Central Bank of Kenya |
| KGS | Kyrgyz Som | 3-month and 6-month and 1-year T-bills | National Bank of Kyrgyz Republic, under "Statistics", "Financial market", "Auctions of State Treasury bills" |
| KHR | Cambodian Riel | Model-based | |
| KZT | Kazakh Tenge | 3-month KazPrime | Bloomberg |
| LKR | Sri Lankan Rupee | 1-month, 3-month, 6-month, 1year SLIBOR | Central Bank of Sri Lanka and Bloomberg. The codes are: SLBR1MON Index SLBR3MON Index SLBR6MON Index SLBR12MN Index |
| MAD | Moroccan Dirham | No benchmark available. Only fixed | |
| MDL | Moldovan Leu | Average of 1-month, 3-month, 6-month, 12-month CHIBID and CHIBOR | Reuters and National Bank of Moldova |
| MGA | Malagasy Ariary | 4-week, 12-week, 24-week, 52-week T-bills | Central Bank of Madagascar, under "Résultats BTA des 5 dernières séances" |
| MKD | Macedonian Denar | 3-month and 6-month T-bills | National Bank of Macedonia |
| MNT | Mongolian Togrok | Average of the 1-month, 3-month, 6-month, and 1-year of UBIBID and UBIBOR | Reuters |
| MRO | Mauritania Ouguiya | 4-week and 13-week T-bills | Central Bank of Mauritania. The weekly auction results are presented in the news of the home page, under the title “Résultat de l’émission des Bons du Trésor relative à la séance d’adjudication du …” |
| MXN | Mexican Peso | 28-day 91-day TIIE | Bloomberg |
| MYR | Malaysian Ringgit | 1-month, 3-month, 6-month, and 12-month KLIBOR | Bloomberg.The codes are: KLIB1M Index, KLIB3M Index, KLIB6M Index, KLIB12M Index |
| MZN | Mozambique Metical | 91-day, 182-day, 364-day T-bills | Central Bank of Mozambique |
| NGN | Nigerian Naira | 91-day, 182-day, 364-day T-bills | Central Bank of Nigeria |
| NIO | Nicaraguan Cordoba | 1-month, 3-month, 6-month, 1year rates of Tasas Pasivas Cordobas 3-month, 6-month, and 1-year average monthly rates in NIO | Banco Central de Nicaragua |
| NPR | Nepalese Rupee | Floating rate not available (only fixed rate). Pricing is based on INR curve plus risk premium | Bloomberg |
| PEN | Peruvian Nuevo Sol | 1-month, 3-month, 6-month, 1year LIMABOR in PEN | ASBANC website Bloomberg codes are : PRBOPRBI Index PRBOPRB3 Index PRBOPRB6 Index PRBOPRB1 Index |
| PHP | Philippines Peso | 1-month 3-month 6-month PHIBOR | Bloomberg. The codes are: PHINBR1M Index PHINBR3M Index PHINBR6M Index |
| PKR | Pakistan Rupee | 3-month, 6-month, and 12-month KIBOR | Reuters. Bloomberg codes are: PKDP3M Index, PKDP6M Index, PKDP12M Index |
| PYG | Paraguayan Guarani | PYG 180 to 365 days, monthly average rate | Central Bank of Paraguay (BCP) http://www.bcp.gov.py/ |
| RSD | Serbian Dinar | 1-month, 3-month, 6-month BELIBOR | Reuters |
| RWF | Rwandan Franc | 13 week T-bill rates | Central Bank website |
| THB | Thai Baht | 1-month 3-month 6-month 1-year BIBOR | Bloomberg. The codes are: BOFX1M Index BOFX3M Index BOFX6M Index BOFX1Y Index |
| TND | Tunisian Dinar | Taux Moyen Mensuel du Marché Monétaire (TMM) | Conseil du Marché Financier, under "Courbe des taux aujourd'hui" |
| TRY | Turkish Lira | 1-month 3-month 6-month 1-year TRLIBOR | Bloomberg. The codes are: TRLIB1M Index TRLIB3M Index TRLIB6M Index TRLIB1Y Index |
| TZS | Tanzanian Shilling | 91-day, 182-day and 364-day T-bills | Bloomberg and the Bank of Tanzania (the Central Bank). |
| UAH | Ukranian hrivnia | Kievprime is under review as potential benchmark. TCX can only quote fixed in UAH for the time being. | |
| UGX | Ugandan Shilling | 91-day 182-day 364-day T-bills | Bank of Uganda |
| UYU | Uruguayan Peso | 30-day, 90-day, 180-day, and 360-day ITLUP | Bolsa Electrónica de Valores del Uruguay S.A. (Electronic Stock Exchange of Uruguay), under "Mercados", "Curvas e indices", "ITLUP" |
| VND | Vietnamese Dong | 1-month 3-month 6-month VNIBOR | Reuters |
| XAF | Central African Franc | Floating rate not available (only fixed rate). Pricing is done based on EUR curve plus risk premium | Bloomberg |
| XAF | The CFA franc | No benchmark available.TCX offers only fixed rate based on EUR curve plus risk premiu | |
| XAF | Central African franc | No floating available. TCX offers only fixed based on EUR curve plus risk premium | |
| XAF | Central African franc | No floating available. TCX offers only fixed based on EUR curve plus risk premium | |
| XAF | Central African franc | No floating available. TCX offers only fixed based on EUR curve plus risk premium | |
| XAF | Central African franc | No floating available. TCX offers only fixed based on EUR curve plus risk premium | |
| XOF | West African CFA Franc | Floating rate not available (only fixed rate) | Bloomberg |
| XOF | Western Africa franc | No floating available. TCX offers only fixed based on EUR curve plus risk premium | |
| XOF | Western Africa franc | No floating available. TCX offers only fixed based on EUR curve plus risk premium | |
| XOF | Western Africa franc | No floating available. TCX offers only fixed based on EUR curve plus risk premium | |
| XOF | Western Africa franc | No floating available. TCX offers only fixed based on EUR curve plus risk premium | |
| XOF | Western Africa franc | No floating available. TCX offers only fixed based on EUR curve plus risk premium | |
| XOF | Western Africa franc | No floating available. TCX offers only fixed based on EUR curve plus risk premium | |
| XOF | West African Franc | No floating available. TCX offers only fixed based on EUR curve plus risk premium | |
| XOF | Western Africa franc | No floating available. TCX offers only fixed based on EUR curve plus risk premium | |
| YER | Yemeni Real | 3-month, 6-month and 1-year weighted average T-bill rates | Central Bank website, under "reports & newsletters"/ "monetary and banking developments". The statistics are in a pdf document named “T-bills”. |
| ZAR | South African Rand | 1-month 3-month 6-month 12-month JIBAR | Bloomberg. The codes are: JIBA1M Index JIBA3M Index JIBA6M Index JIBA12M Index |
| ZMK | Zambian Kwacha | 91-day, 182-day and 364-day T-bills | Bloomberg (historical rates with a time delay) and the Bank of Zambia |