{"id":13134,"date":"2021-07-01T09:16:46","date_gmt":"2021-07-01T13:16:46","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-industry-report-substantiates-details-of-the-bloomberg-short-term-bank-yield-index-bsby\/"},"modified":"2021-07-01T09:16:46","modified_gmt":"2021-07-01T13:16:46","slug":"bloomberg-industry-report-substantiates-details-of-the-bloomberg-short-term-bank-yield-index-bsby","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-industry-report-substantiates-details-of-the-bloomberg-short-term-bank-yield-index-bsby\/","title":{"rendered":"Bloomberg Industry Report Substantiates Details of the Bloomberg Short-term Bank Yield Index (BSBY)"},"content":{"rendered":"
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Today, Bloomberg has published BSBY Report: Additional Analysis and Key Facts to supplement existing documentation and help inform public-sector and industry-level discussion on how credit sensitive rates\u2014including BSBY\u2014can facilitate the orderly transition from the London Interbank Offered Rate (LIBOR)<\/a> to risk free rates, such as SOFR.<\/p>\n

The report illustrates how BSBY is fundamentally different from LIBOR and has been tested to demonstrate robustness during recent periods of market stress, as well as resistance to potential manipulation.<\/p>\n

As financial institutions prepare to meet the December 31, 2021, initial deadline for LIBOR cessation, it has become clear that when it comes to use cases for reference rates, one size does not fit all.<\/p>\n

Bloomberg Index Services Limited (BISL) is offering BSBY in response to requests from a number of lending market participants. BSBY was developed to complement SOFR by providing the lending market with an index that can help banks with asset\/liability management (ALM) to better ensure availability of funds during times of market stress.<\/p>\n

The report is publicly available here<\/a>, and more information and additional BSBY documentation is publicly available here<\/a>.<\/p>\n

\n

About Bloomberg
\n<\/strong>Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company\u2019s strength \u2013 delivering data, news and analytics through innovative technology, quickly and accurately \u2013 is at the core of the Bloomberg Terminal. Bloomberg\u2019s enterprise solutions build on the company\u2019s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit\u00a0Bloomberg.com\/company<\/a>\u00a0or\u00a0request a demo<\/a>.<\/p>\n

Media Contacts
\n<\/strong>Alyssa Gilmore, +1 212 617 4901, agilmore7@bloomberg.net
\nGauri Andriks, +1 212 617 6361, gandriks@bloomberg.net<\/p>\n<\/div>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"Today, Bloomberg has published BSBY Report: Additional Analysis and Key Facts to supplement existing documentation and help inform public-sector and industry-level discussion on how credit sensitive rates\u2014including BSBY\u2014can facilitate the orderly transition from the London Interbank Offered Rate (LIBOR) to risk free rates, such as SOFR. The report illustrates how BSBY is fundamentally different from [...]","protected":false},"featured_media":0,"template":"","format":"standard","categories":[17],"press_tag":[79],"class_list":["post-13134","press","type-press","status-publish","format-standard","hentry","category-press-announcement","press_tag-press-announcements"],"yoast_head":"\nBloomberg Industry Report Substantiates Details of the Bloomberg Short-term Bank Yield Index (BSBY) | Press | Bloomberg LP<\/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.bloomberg.com\/company\/press\/bloomberg-industry-report-substantiates-details-of-the-bloomberg-short-term-bank-yield-index-bsby\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bloomberg Industry Report Substantiates Details of the Bloomberg Short-term 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