Interest Rate Derivatives
Indonesia launches new overnight benchmark rate
New rate replaces the quotation-based model with one based on transactions
New York Fed launches rates replacing US Libor
New rates are calculated using actual interbank transactions
RBI and industry disagree over interest rate futures launch
Secret consultation on introducing interest rate futures in India finds disagreement between industry and regulators over the nature of the underlying bonds
NY Fed welcomes fresh round of OTC targets
Dealers promise to clear vast majority of credit and interest-rate derivatives centrally