BSBY - Revision history

Doug: Layout.

2024-11-16T01:15:12Z

Layout.

← Older revision		Revision as of 01:15, 16 November 2024
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	:<span style="color:#4B0082">'''''No recommendations for fallback rate'''''</span>		:<span style="color:#4B0082">'''''No recommendations for fallback rate'''''</span>

	"[the] announcement [of discontinuance] comes following BSL’s consultation with the BSBY Oversight Committee and the BSL board of directors. The consultation cites BSBY’s limited use within financial products and a projection that its use is unlikely to increase significantly in the future as the determining factors for the decision.		:"[the] announcement [of discontinuance] comes following BSL’s consultation with the BSBY Oversight Committee and the BSL board of directors. The consultation cites BSBY’s limited use within financial products and a projection that its use is unlikely to increase significantly in the future as the determining factors for the decision.

	Of particular note for market participants (and especially for legal practitioners) is that BSL will not be recommending a fallback replacement rate for BSBY."		:Of particular note for market participants (and especially for legal practitioners) is that BSL will not be recommending a fallback replacement rate for BSBY."

	''(Source - Haynes Boone - 30 November 2023.)''		:''(Source - Haynes Boone - 30 November 2023.)''

Doug: Update for cessation.

2024-11-16T01:14:46Z

Update for cessation.

← Older revision		Revision as of 01:14, 16 November 2024
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	''Interest rates - reference rates - forward-looking benchmarks - USD - SOFR''.		''Interest rates - reference rates - forward-looking benchmarks - USD - SOFR''.

	Abbreviation for Bloomberg Short-Term Bank Yield Index.		Abbreviation for the former Bloomberg Short-Term Bank Yield Index.

	BSBY ~~measures~~ the average yields at which systemically important banks access USD unsecured wholesale funding.		BSBY measured the average yields at which systemically important banks access USD unsecured wholesale funding.

	It is a forward-looking term rate and ~~reflects~~ those banks’ funding costs for maturities of overnight, 1, 3, 6 & 12 months.		It was a forward-looking term rate and reflected those banks’ funding costs for maturities of overnight, 1, 3, 6 & 12 months.


	BSBY is administered by Bloomberg Index Services Limited.		BSBY was administered by Bloomberg Index Services Limited.

	~~Bloomberg Index Services Limited (BSL) has announced that it will discontinue BSBY rates on 15 November 2024.~~

			:<span style="color:#4B0082">'''''No recommendations for fallback rate'''''</span>

	"[the] announcement comes following BSL’s consultation with the BSBY Oversight Committee and the BSL board of directors. The consultation cites BSBY’s limited use within financial products and a projection that its use is unlikely to increase significantly in the future as the determining factors for the decision.		"[the] announcement [of discontinuance] comes following BSL’s consultation with the BSBY Oversight Committee and the BSL board of directors. The consultation cites BSBY’s limited use within financial products and a projection that its use is unlikely to increase significantly in the future as the determining factors for the decision.

	Of particular note for market participants (and especially for legal practitioners) is that BSL will not be recommending a fallback replacement rate for BSBY."		Of particular note for market participants (and especially for legal practitioners) is that BSL will not be recommending a fallback replacement rate for BSBY."
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	*[https://assets.bbhub.io/professional/sites/10/BSBY-Future-Cessation-Announcement-.pdf Future Cessation of the Bloomberg Short-Term Bank Yield Index (“BSBY”) - press release November 2023]		*[https://assets.bbhub.io/professional/sites/10/BSBY-Future-Cessation-Announcement-.pdf Future Cessation of the Bloomberg Short-Term Bank Yield Index (“BSBY”) - press release November 2023]
	*[https://www.haynesboone.com/news/alerts/out-with-the-old-libor-and-out-with-the-new-bsby--another-rate-bites-the-dust Out with the Old (LIBOR) and Out with the New (BSBY)? Another Rate Bites the Dust - Haynes Boone - 30 November 2023]		*[https://www.haynesboone.com/news/alerts/out-with-the-old-libor-and-out-with-the-new-bsby--another-rate-bites-the-dust Out with the Old (LIBOR) and Out with the New (BSBY)? Another Rate Bites the Dust - Haynes Boone - 30 November 2023]

	~~[[Category:Accounting,_tax_and_regulation]]~~
	~~[[Category:Financial_products_and_markets]]~~
	~~[[Category:Identify_and_assess_risks]]~~
	~~[[Category:Investment]]~~
	~~[[Category:Long_term_funding]]~~
	~~[[Category:Manage_risks]]~~
	~~[[Category:Risk_reporting]]~~
	~~[[Category:Risk_frameworks]]~~
	~~[[Category:The_business_context]]~~

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

Doug: Update for cessation of BSBY.

2024-11-13T04:39:07Z

Update for cessation of BSBY.

← Older revision		Revision as of 04:39, 13 November 2024
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	==Other ~~resource~~==		==Other resources==
			*[https://assets.bbhub.io/professional/sites/10/BSBY-Future-Cessation-Announcement-.pdf Future Cessation of the Bloomberg Short-Term Bank Yield Index (“BSBY”) - press release November 2023]
	*[https://www.haynesboone.com/news/alerts/out-with-the-old-libor-and-out-with-the-new-bsby--another-rate-bites-the-dust Out with the Old (LIBOR) and Out with the New (BSBY)? Another Rate Bites the Dust - Haynes Boone - 30 November 2023]		*[https://www.haynesboone.com/news/alerts/out-with-the-old-libor-and-out-with-the-new-bsby--another-rate-bites-the-dust Out with the Old (LIBOR) and Out with the New (BSBY)? Another Rate Bites the Dust - Haynes Boone - 30 November 2023]

			[[Category:Accounting,_tax_and_regulation]]
			[[Category:Financial_products_and_markets]]
			[[Category:Identify_and_assess_risks]]
			[[Category:Investment]]
			[[Category:Long_term_funding]]
			[[Category:Manage_risks]]
			[[Category:Risk_reporting]]
			[[Category:Risk_frameworks]]
			[[Category:The_business_context]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

Doug: Add link.

2024-10-05T09:13:19Z

Add link.

← Older revision		Revision as of 09:13, 5 October 2024
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	* [[Bloomberg]]		* [[Bloomberg]]
	* [[Bloomberg Index Services Limited]] (BISL)		* [[Bloomberg Index Services Limited]] (BISL)
			* [[Credit sensitive rate]] (CSR)
	* [[Fallback]]		* [[Fallback]]
	* [[Risk-free rates]] (RFR)		* [[Risk-free rates]] (RFR)

Doug: Add link.

2024-02-02T04:32:09Z

Add link.

← Older revision		Revision as of 04:32, 2 February 2024
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	Bloomberg Index Services Limited (BSL) has announced that it will discontinue BSBY rates on 15 November 2024.		Bloomberg Index Services Limited (BSL) has announced that it will discontinue BSBY rates on 15 November 2024.


	"[the] announcement comes following BSL’s consultation with the BSBY Oversight Committee and the BSL board of directors. The consultation cites BSBY’s limited use within financial products and a projection that its use is unlikely to increase significantly in the future as the determining factors for the decision.		"[the] announcement comes following BSL’s consultation with the BSBY Oversight Committee and the BSL board of directors. The consultation cites BSBY’s limited use within financial products and a projection that its use is unlikely to increase significantly in the future as the determining factors for the decision.
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	* [[Bloomberg]]		* [[Bloomberg]]
	* [[Bloomberg Index Services Limited]] (BISL)		* [[Bloomberg Index Services Limited]] (BISL)
			* [[Fallback]]
	* [[Risk-free rates]] (RFR)		* [[Risk-free rates]] (RFR)
	* [[SOFR term rate]]		* [[SOFR term rate]]
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	==Other resource==		==Other resource==
	*[https://www.haynesboone.com/news/alerts/out-with-the-old-libor-and-out-with-the-new-bsby--another-rate-bites-the-dust Out with the Old (LIBOR) and Out with the New (BSBY)? Another Rate Bites the Dust - Haynes Boone - 30 November 2023]		*[https://www.haynesboone.com/news/alerts/out-with-the-old-libor-and-out-with-the-new-bsby--another-rate-bites-the-dust Out with the Old (LIBOR) and Out with the New (BSBY)? Another Rate Bites the Dust - Haynes Boone - 30 November 2023]

	~~[[Category:Accounting,_tax_and_regulation]]~~
	~~[[Category:Financial_products_and_markets]]~~
	~~[[Category:Identify_and_assess_risks]]~~
	~~[[Category:Investment]]~~
	~~[[Category:Long_term_funding]]~~
	~~[[Category:Manage_risks]]~~
	~~[[Category:Risk_reporting]]~~
	~~[[Category:Risk_frameworks]]~~
	~~[[Category:The_business_context]]~~

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

Doug: Update for cessation announcement.

2024-02-02T04:31:32Z

Update for cessation announcement.

@@ Line 9: / Line 9: @@
 BSBY is administered by Bloomberg Index Services Limited.
@@ Line 29: / Line 37: @@
 * [[Working Group on Sterling Risk-Free Reference Rates]] (RFRWG)
 * [[Yield]]
 [[Category:Accounting,_tax_and_regulation]]
 [[Category:The_business_context]]
 [[Category:Investment]]
 [[Category:Long_term_funding]]
 [[Category:Manage_risks]]
 [[Category:Risk_frameworks]]
-[[Category:Risk_reporting]]
+[[Category:The_business_context]]

imported>Doug Williamson: Add link.

2022-11-02T13:50:26Z

Add link.

← Older revision		Revision as of 13:50, 2 November 2022
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	* [[Benchmark]]		* [[Benchmark]]
	* [[Bloomberg]]		* [[Bloomberg]]
			* [[Bloomberg Index Services Limited]] (BISL)
	* [[Risk-free rates]] (RFR)		* [[Risk-free rates]] (RFR)
	* [[SOFR term rate]]		* [[SOFR term rate]]

imported>Doug Williamson: Update links.

2022-04-27T14:28:30Z

Update links.

← Older revision		Revision as of 14:28, 27 April 2022
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	* [[Term rate]]		* [[Term rate]]
	* [[Term SONIA reference rate]]		* [[Term SONIA reference rate]]
	* [[The Working Group on Sterling Risk-Free Reference Rates]] (RFRWG)
	* [[Unsecured]]		* [[Unsecured]]
	* [[Wholesale]]		* [[Wholesale]]
			* [[Working Group on Sterling Risk-Free Reference Rates]] (RFRWG)
	* [[Yield]]		* [[Yield]]

imported>Doug Williamson: Update for LIBOR transition.

2022-04-26T08:56:45Z

Update for LIBOR transition.

← Older revision		Revision as of 08:56, 26 April 2022
Line 1:		Line 1:
	''Interest rates - reference rates - forward-looking benchmarks - USD - SOFR ~~- LIBOR~~''.		''Interest rates - reference rates - forward-looking benchmarks - USD - SOFR''.

	Abbreviation for Bloomberg Short-Term Bank Yield Index.		Abbreviation for Bloomberg Short-Term Bank Yield Index.

imported>Doug Williamson: Create page. Source - BSBY Fact Sheet - 13 July 2021 - https://assets.bbhub.io/professional/sites/27/BSBY-Fact-Sheet.pdf

2021-09-15T00:24:32Z

Create page. Source - BSBY Fact Sheet - 13 July 2021 - https://assets.bbhub.io/professional/sites/27/BSBY-Fact-Sheet.pdf

New page

''Interest rates - reference rates - forward-looking benchmarks - USD - SOFR - LIBOR''.

Abbreviation for Bloomberg Short-Term Bank Yield Index.

BSBY measures the average yields at which systemically important banks access USD unsecured wholesale funding.

It is a forward-looking term rate and reflects those banks’ funding costs for maturities of overnight, 1, 3, 6 & 12 months.

BSBY is administered by Bloomberg Index Services Limited.

== See also ==
* [[Bank of England]]
* [[Bank of England Base Rate]]
* [[Benchmark]]
* [[Bloomberg]]
* [[Risk-free rates]] (RFR)
* [[SOFR term rate]]
* [[SONIA]]
* [[Systemically Important Financial Institution]]
* [[Term]]
* [[Term fixing]]
* [[Term rate]]
* [[Term SONIA reference rate]]
* [[The Working Group on Sterling Risk-Free Reference Rates]] (RFRWG)
* [[Unsecured]]
* [[Wholesale]]
* [[Yield]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]