The New Zealand Financial Markets Association (NZFMA) to start calculating and publishing an OCR Compound Index.

Read the news release here

The New Zealand Financial Markets Association are consulting on proposed inter-dealer cross currency swap market conventions for risk free rates (RFR).

The New Zealand Financial Markets Association (NZFMA) and its Rates Committee have recently reviewed the conventions relating to Interest Rate Swaps (IRS). As a result, changes have been made. Read more - Market Notice 2020/01.

A calculation error identified on 17 August 2020 affected the value of some instruments within the NZ Credit Market Pricing Service.

ACI FMA has worked on the production of new Videos, aimed at introducing the Association and their ELAC Portal (including the FX Global Code and UK Money Markets Code).

NZFMA have lodged a submission with ASIC applying for relief (under ASIC regulatory Guide 51) for Derivative Transaction Rules (Reporting) 2013.

NZFMA is embarking on an assessment of the most appropriate benchmark administration structure for the New Zealand financial markets that will meet IOSCO Benchmark Principles and mitigate any conflicts of interest. This assessment will include the identification of actual and potential conflicts relevant to benchmark administrators and consider global benchmark administration models that may work given the market constraints existing in New Zealand. Read the Scoping Document

The FMA released the Bank Bill Benchmark Rate and Closing Rates Guidance Note in October 2017.  Read more