Results of periodic monitoring of TORF Official Rates, etc.
QUICK Benchmarks Inc.
Based on the Policy on Treatment of Revisions to TORF Official Rates, etc. (hereinafter referred to as the “Revised Policy”), periodic monitoring of Official Rates, etc. was conducted for the period from April 26 to July 30, 2021. The results are announced as follows.
From the monitoring, a part of reported data from a reporting broker was detected to have errors, and the following was observed to have an impact on Official Rates. Although Official Rates would not be revised, it was an error in the report data that resulted in inappropriate calculation and treatment based on Operation Rules was conducted. QUICK Benchmarks have reminded reporting brokers to ensure that data reports are accurate in accordance with the Code of Conduct.
|Date||Principal||Impact on Official Rates||Revision of Official Rates|
|June 9, 2021||Reporting broker||Yes (*)||No|
* A part of reported data from a reporting broker was detected to have errors, and re-calculation based on the accurate reporting data was conducted, there was a difference from Official Rates. However, the difference was lower than the criteria defined in the Revised Policy, “In the event of a significant impact on the level of Official Rates (The threshold is set at 0.02%.).”