Central Banking

Banxico ops chief confident on swaps reference rate transition

Major exchanges to introduce TIIE de fondeo on November 22, with derivatives liquidity expected to grow

Bank of Mexico

The shift of derivatives contracts away from referencing the scandal-plagued interbank offered rates to a new benchmark is expected to take place in Mexico largely on schedule, according to a senior central bank official.

The conversion of swaps linked to the TIIE 28 days reference rate to the new overnight TIIE de fondeo (F-TIIE) benchmark is expected to take place tomorrow (November 22) on three important exchanges: CME, LCH and Asigna. This will clear the way for counterparties to trade swaps

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@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com 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 Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking 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

.