2026/09/08

Results of periodic monitoring of TORF Official Rates, etc.

QUICK Benchmarks Inc. (QBS) conducted periodic monitoring of TORF Official Rates, etc. from April 1 to June 30, 2026 (hereinafter referred to as the “monitoring period”), based on the TORF Operational Rules. In light of the results, and in accordance with the Policy on Treatment of Revisions to TORF Official Rates, etc. (hereinafter referred to as the “Revision Policy”), QBS announces the results during the monitoring period as follows.

During the specified monitoring period, an omission of data in a report from one reporting broker was identified, which affected the official rates and resulted in a calculation error.
QBS detected the potential omission during the calculation process on the day of occurrence. For this reason, QBS made an inquiry to the reporting broker in question regarding whether any data had been omitted. However, because no response was received by the 4:15 p.m. deadline for submitting corrected data, in accordance with the “Contingency Plan for TORF Calculation and Publication”, QBS excluded the data from the reporting broker in question and calculated and published TORF using the reported data from the remaining two reporting brokers.
QBS subsequently instructed the reporting broker to ensure accurate data reporting in accordance with the Code of Conduct and to promptly notify QBS of any omissions or other issues.