21 August 2017
Find out more

Bloomberg launches Indonesian overnight index swaps platform

14 December 2004  |  467 views  |  0 Source: Bloomberg

Bloomberg, the leading provider of business and financial news and data around the globe, today announced the opening of the first Overnight Index Swaps market in Indonesia. Bloomberg has created the first and only fixing and valuation platform for this new market.

Fifteen banks are participating in the Bloomberg Indonesian Overnight Index Swaps fixing, each contributing daily rates. The Bloomberg Indonesian Overnight Index Swaps function is accessible on the Bloomberg terminal at SWPM (GO).

According to Alex Bruce at Bloomberg, "Bloomberg is extremely proud to have helped Indonesia to develop this brand new market. The Bloomberg Indonesian Overnight Index Swaps platform underlines Bloomberg's vision, capability and commitment to helping the Asia-Pacific capital markets grow."

Also in the Asia-Pacific region, The Monetary Authority of Singapore recently chose Bloomberg as the sole inter-dealer trading platform for the Singapore Government Bond.

Overnight Index Swaps are a well established and efficient tool for companies, banks and other financial institutions to hedge against short-term interest rate risk and fluctuations.

The first transaction on the Bloomberg Indonesian Overnight Index Swaps platform took place on December 7th with Deutsche Bank Jakarta swapping obligations between the overnight fixing of Indonesian Rupiah with the counter-party HSBC Jakarta.

Comments: (0)

Comment on this story (membership required)

Related company news


Related company information


Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10528 views comments | 24 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8791 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
8667 views 0 | 3 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8465 views comments | 10 tweets | 7 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
8000 views comments | 17 tweets | 16 linkedin

Featured job

Find your next job