{"id":1306,"date":"2025-02-25T15:44:51","date_gmt":"2025-02-25T06:44:51","guid":{"rendered":"https:\/\/www.torf.co.jp\/?p=1306"},"modified":"2025-02-25T15:44:51","modified_gmt":"2025-02-25T06:44:51","slug":"news2502_01","status":"publish","type":"post","link":"https:\/\/www.torf.co.jp\/en\/news2502_01\/","title":{"rendered":"Results of periodic monitoring of TORF Official Rates, etc."},"content":{"rendered":"<style type=\"text\/css\">\r\n    .news_table td {\r\n        border-width: 1px;\r\n        border-color: #000;\r\n        border-style: solid;\r\n        border-collapse: unset;\r\n        padding: 1px 3px;\r\n    }\r\n    .news_table tr td:first-child {\r\n        width: inherit;\r\n    }\r\n    @media screen and (max-width: 800px) {\r\n        .news_table .sp {\r\n            font-weight: 400;\r\n        }\r\n    }\r\n    @media screen and (min-width: 800px) {\r\n        .news_table .sp {\r\n            display: none;\r\n        }\r\n    }\r\n\r\n<\/style>\r\n\r\n<div style=\"margin: 0 0 0 auto; text-align: right;\">\r\n    <p>QUICK Benchmarks Inc.<\/p>\r\n<\/div>\r\n<br>\r\nQUICK Benchmarks Inc. (QBS) conducted periodic monitoring of TORF Official Rates, etc. from October 1 to Descember 30, 2024 (hereinafter referred to as the \u201cmonitoring period\u201d), based on the <a href=\"https:\/\/www.torf.co.jp\/wp-content\/uploads\/OperationalRulesEN.pdf\" class=\"font_color_blue\" hreflang=\"x-default\" target=\"_blank\" rel=\"noopener\"><u>TORF Operational Rules<\/u><\/a>. Based on the results, and in accordance with the <a href=\"https:\/\/www.torf.co.jp\/wp-content\/uploads\/PolicyonTreatmentofRevisionstoTORFOfficialRatesEN.pdf\" class=\"font_color_blue\" hreflang=\"x-default\" target=\"_blank\" rel=\"noopener\"><u>Policy on Treatment of Revisions to TORF Official Rates, etc.<\/u><\/a> (hereinafter referred to as the \u201cRevision Policy\u201d), QBS announces the results during the monitoring period as follows.\r\n<br>\r\n<br>\r\nDuring the specified monitoring period, errors in calculations were identified. These inaccuracies were a result of miscommunications between a reporting broker and QBS during the data correction process in the QBS system. In response, QBS has implemented measures in accordance with the TORF Operational Rules to ensure the accuracy of corrections and prevent similar miscommunications in the future during calculation and approval tasks. Additionally, we have reiterated to the concerned reporting broker the importance of adhering to the Code of Conduct to ensure proper rate reporting.<br>\r\n<br>\r\n<div>\r\n     <table class=\"news_table aligncenter\">\r\n        <tr>\r\n            <td style=\"text-align: center;\">Date<\/td>\r\n            <td style=\"text-align: center;\">Principal<\/td>\r\n            <td style=\"text-align: center;\">Impact on Official Rates<\/td>\r\n            <td style=\"text-align: center;\">Revision of Official Rates<\/td>\r\n        <\/tr>\r\n        <tr>\r\n            <td style=\"text-align: center;\" width=\"80\" height=\"70\">October 28, 2024<\/td>\r\n            <td style=\"text-align: center;\">QBS and Reporting broker<\/td>\r\n            <td style=\"text-align: center;\">Yes (*)<\/td>\r\n            <td style=\"text-align: center;\">No<\/td>\r\n        <\/tr>\r\n    <\/table>\r\n<\/div>\r\n<span style=\"font-size:0.6em\">*Errors were identified in the corrections QBS made to the data reported by a broker. When the data was recalculated based on the correct amendments, a discrepancy emerged with the published rates. However, the difference was lower than the criteria defined in the Revised Policy, \u201cIn the event of a significant impact on the level of Official Rates (The threshold is set at 0.02%.).\u201d<\/span>","protected":false},"excerpt":{"rendered":"QUICK Benchmarks Inc. QUICK Benchmarks Inc. (QBS) conducted periodic monitoring of TORF Official Rates, etc. from October 1 to Descember 30, 2024 (hereinafter referred to as the \u201cmonitoring period\u201d), based on the TORF Operational Rules. Based on the results, and in accordance with the Policy on Treatment of Revisions to TORF Official Rates, etc. (hereinafter [&hellip;]","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_locale":"en_US","_original_post":"https:\/\/www.torf.co.jp\/?p=1302","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1306","post","type-post","status-publish","format-standard","hentry","category-uncategorized","en-US"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Results of periodic monitoring of TORF Official Rates, etc. | \u682a\u5f0f\u4f1a\u793eQUICK\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u30b9<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.torf.co.jp\/en\/news2502_01\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Results of periodic monitoring of TORF Official Rates, etc. | \u682a\u5f0f\u4f1a\u793eQUICK\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u30b9\" \/>\n<meta property=\"og:description\" content=\"QUICK Benchmarks Inc. 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