February 28, 2017
Thomson Reuters Re-Appointed by Bank Negara Malaysia as Calculating Agent for Kuala Lumpur Interbank Offered Rate (KLIBOR)
KUALA LUMPUR – Thomson Reuters has been re-appointed by Bank Negara Malaysia (BNM) as the calculating and distribution agent for the industry interest rate benchmark, Kuala Lumpur Interbank Offered Rate (KLIBOR).
As the official indicator of conditions in the interbank money market in Malaysia, KLIBOR offers market participants from both buy-side and sell-side a reliable reference for various investment and product uses, such as portfolio valuation and compliance reporting.
Introduced in 1987, Kuala Lumpur Interbank Offered Rate refers to the average interest rate at which term deposits are offered between prime banks in the Malaysian wholesale money market or interbank market. KLIBOR rates give market participants an indication of market rates for the trading day. In particular, KLIBOR rates are used as reference for diverse financial products including interest rate swaps, options, futures and structured products both within and outside Malaysia
“Thomson Reuters re-appointment as calculating and distribution agent for KLIBOR signals our continued position as a trusted, global provider of financial market benchmarks. Complementing our role as exclusive distributor of the TR/BPAM bond and Sukuk indices, Thomson Reuters provides a reliable and industry-recognized source for pricing to encourage transparency and objectivity in Malaysia and the global financial community,” said Stephan Flagel, Global Head of Benchmarks and Indices at Thomson Reuters.
Thomson Reuters administers, calculates and distributes financial benchmarks on behalf of more than 50 market associations and central banks as well as produces Thomson Reuters indices covering equities, bonds, and commodities. For more information on Thomson Reuters indices, please click here.
Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, visit www.thomsonreuters.com.
Head of PR, Financial & Risk, APAC
Tel: +61 404 763 797
Senior Business Communications Executive, APAC
Tel: +852 2847 8052