The South African Reserve Bank (SARB) has released the following important updates and recommendations impacting the financial markets:
JIBAR Fallback Methodology Recommendation
Guidance on the methodology for JIBAR fallback rates to support the transition to alternative reference rates.
Consultation on Market Conventions for ZARONIA-Based Non-Linear Derivative Instruments
A call for feedback on proposed conventions for derivatives linked to the ZARONIA reference rate.
Recommendations for a ZARONIA-First Initiative in the Derivatives Market
Proposals to prioritize ZARONIA in the South African derivatives market to promote market stability and transparency. For more details, visit the SARB website.
