Malaysia Ibor trades vs SOFR in new sign of Asia transition

Chris Davis
22 Sep 2020

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

CIMB and Standard Chartered have struck the first cross-currency swap linked to Malaysia’s local interbank offered rate (Ibor) and the US secured overnight financing rate (SOFR), a trade that marks another milestone in the transition of Asia’s cross-currency derivatives markets to alternative risk-free rates (RFR).

The $100 million one-year swap references three-month SOFR on the US dollar leg and three-month Kuala Lumpur interbank offered rate (Klibor) on the Malaysian ringgit leg.

CIMB says

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You already have an account with us*. Sign in below to continue.