Cross-currency swaps could hasten RFR shift in Australia

Adoption of new risk-free rate for both swap legs likely to turbo-charge wider benchmark change, say sources

australian-currency

The use of a new reference rate for cross-currency swaps in Australia is set to influence debt issuance rates from the country’s banks as well as rates used in derivatives markets, participants suggest.

Australia’s banks rely on offshore markets for two-thirds of their funding via bonds, which means cross-currency basis swaps are pivotal to how the country’s banks and derivatives users structure their trades and hedges.

Banking authorities in Australia have outlined their plans for existing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here