{"id":680,"date":"2021-04-27T10:10:10","date_gmt":"2021-04-27T01:10:10","guid":{"rendered":"https:\/\/www.torf.co.jp\/?p=680"},"modified":"2021-04-27T10:10:10","modified_gmt":"2021-04-27T01:10:10","slug":"designated","status":"publish","type":"post","link":"https:\/\/www.torf.co.jp\/en\/designated\/","title":{"rendered":"QBS is designated as &#8220;Specified Financial Benchmark Administrator&#8221;<br> &#8211; TORF is designated as &#8220;Specified Financial Benchmark&#8221; &#8211;"},"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: 767px) {\r\n        .news_table .sp {\r\n            font-weight: 400;\r\n        }\r\n    }\r\n    @media screen and (min-width: 768px) {\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    <p>QUICK Corp.<\/p>\r\n<\/div>\r\n<br>\r\n\r\nQUICK Corp. (Head Office: Chuo-ku, Tokyo, President &#038; CEO: Shinzo Takami, hereinafter \u201cQUICK\u201d) and its group company, QUICK Benchmarks Inc. (Head Office: Chuo-ku, Tokyo, President &#038; CEO: Masahiro Sasaki, hereinafter \u201cQBS\u201d) are pleased to inform that QBS is designated as a &#8220;Specified Financial Benchmark Administrator&#8221; under the Financial Instruments and Exchange Act on 27 April. TORF, Tokyo Term Risk Free Rate, which QBS is calculating and publishing is subject to the regulation of the Financial Services Agency as a &#8220;Specified Financial Benchmark.&#8221;<br>\r\n<br>\r\n\r\nThe Specific Financial Benchmark is defined in the Financial Instruments and Exchange Act as &#8220;A financial benchmark that may have a significant impact on Japan&#8217;s capital markets if its reliability is to decline.\u201d QBS will comply with Principles for Financial Benchmarks set forth by IOSCO, International Organization of Securities Commissions, keep the transparency of its calculation and operational soundness and contribute to the sound growth and development of financial and capital markets.<br>\r\n<br>\r\n\r\nTORF is one of the interest benchmarks for the Japanese yen, an alternative to the London Interbank Offered Rate (LIBOR). QUICK had been calculating and publishing prototype rates to help implement a smooth transition from LIBOR since May 2020. QBS started to calculate and publish the production rates for actual trading from Monday April 26 2021.<br>\r\n<br>\r\n\r\n<div>\r\n    <p>[Description of TORF publication]<\/p>\r\n    <table class=\"news_table\">\r\n        <tr>\r\n            <td>Name of the benchmark<\/td>\r\n            <td>Tokyo Term Risk Free Rate (TORF)<\/td>\r\n        <\/tr>\r\n        <tr>\r\n            <td>Data sources<\/td>\r\n            <td>Market data relating to Japanese yen overnight index swap (OIS), ACT\/365<\/td>\r\n        <\/tr>\r\n        <tr>\r\n            <td>Tenor<\/td>\r\n            <td>3 Tenors (1m\/3m\/6m)<\/td>\r\n        <\/tr>\r\n        <tr>\r\n            <td>Calculation time<\/td>\r\n            <td>15:00 JST on Tokyo business days<\/td>\r\n        <\/tr>\r\n        <tr>\r\n            <td>Publication time<\/td>\r\n            <td>Around 17:00 JST on Tokyo business days<\/td>\r\n        <\/tr>\r\n    <\/table>\r\n<\/div>\r\n<br>\r\n<br>\r\n\r\n[About QBS]<br>\r\n<a href=\"https:\/\/www.torf.co.jp\/en\/\" class=\"font_color_blue\" hreflang=\"x-default\">https:\/\/www.torf.co.jp\/en\/<\/a><br>\r\n<br>\r\n\r\n[About TORF]<br>\r\n<a href=\"https:\/\/corporate.quick.co.jp\/en\/torf\/\" class=\"font_color_blue\" hreflang=\"x-default\">https:\/\/corporate.quick.co.jp\/en\/torf\/<\/a><br>\r\n<br>\r\n\r\n[Contact us]<br>\r\n<a href=\"https:\/\/www.torf.co.jp\/en\/contact\/\" class=\"font_color_blue\" hreflang=\"x-default\">https:\/\/www.torf.co.jp\/en\/contact\/<\/a><br>\r\n<a href=\"https:\/\/corporate.quick.co.jp\/contact_en-customer\/\" class=\"font_color_blue\" hreflang=\"x-default\">https:\/\/corporate.quick.co.jp\/contact_en-customer\/<\/a>\r\n<br>\r\n","protected":false},"excerpt":{"rendered":"QUICK Benchmarks Inc. QUICK Corp. QUICK Corp. (Head Office: Chuo-ku, Tokyo, President &#038; CEO: Shinzo Takami, hereinafter \u201cQUICK\u201d) and its group company, QUICK Benchmarks Inc. (Head Office: Chuo-ku, Tokyo, President &#038; CEO: Masahiro Sasaki, hereinafter \u201cQBS\u201d) are pleased to inform that QBS is designated as a &#8220;Specified Financial Benchmark Administrator&#8221; under the Financial Instruments and [&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=678","footnotes":""},"categories":[1],"tags":[],"class_list":["post-680","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>QBS is designated as &quot;Specified Financial Benchmark Administrator&quot; - TORF is designated as &quot;Specified Financial Benchmark&quot; - | \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\/designated\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"QBS is designated as &quot;Specified Financial Benchmark Administrator&quot; - TORF is designated as &quot;Specified Financial Benchmark&quot; - | \u682a\u5f0f\u4f1a\u793eQUICK\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u30b9\" \/>\n<meta property=\"og:description\" content=\"QUICK Benchmarks Inc. QUICK Corp. QUICK Corp. (Head Office: Chuo-ku, Tokyo, President &#038; CEO: Shinzo Takami, hereinafter \u201cQUICK\u201d) and its group company, QUICK Benchmarks Inc. 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