The following four documents have been published by the Market Practitioners Group (MPG) and are now available on the South African Reserve Bank website.
These publications relate to Jibar transition planning and coordination, as well as developments in the cash market workstream:
Transition Planning and Coordination
- ‘No new Jibar’ Recommendations – Proposed framework for a market-wide milestone from 1 May 2026 to prevent the creation of new Jibar exposures ahead of cessation.
- Transition Approach Recommendations – Guidance on active, passive and legislative pathways for transitioning legacy Jibar exposures across key product markets.
Cash Market Workstream
- Recommendations for a ZARONIA Transition in the Retail Market – Analysis of the impact of Jibar cessation on retail mortgage markets with recommendations to support an orderly transition.
- Important Changes to Your Jibar-Linked Loan – A consumer-focused guide explaining the cessation of Jibar and how affected retail loan agreements may transition to alternative reference rates.
The documents are available on the MPG Publications webpage:
https://www.resbank.co.za/en/home/what-we-do/financial-markets/financial-markets-market-practitioners-group/Market_Practitioners_Group_Publications
