财经快讯

美联储为LIBOR的替代利率征询公众意见

日期:2017-08-25

据路透报道,美联储周四表示,征询公众对纽约联储和金融研究办公室(Office of Financial Research)推出以附买回协议利率为基础的三种指标利率的意见。

这三种利率将作为伦敦银行同业拆放款利率(Libor)的替代,Libor是全球价值350万亿美元的金融产品的指标利率。

由大型国际银行组成的替代参考利率委员会(ARRC)推出以附买回协议利率为基础的指标利率,因担心自2007-2009年金融危机以来短期银行贷款下滑损及对Libor的信心,对以Libor为指标的数万亿美元衍生品交易构成风险。

金融危机中暴露出的操纵丑闻损害了Libor的信誉,使之成为监管层关注的焦点。约有十几家大型跨国银行为了结此事支付了数以10亿美元计的罚款。

“由于这些利率是基于美国公债担保的市场交易,他们基本上是零风险,因此为市场参与者提供了一个具有价值的金融交易指标,”美联储在一份声明中表示。500)this.width=500" rel="nofollow" src="http://www.fe062.com/uploadfile/2017/0825/20170825105754825.jpg" style="width: 505px; height: 272px" vspace="10" width="375" />
这三个附买回率利率中涵盖面最广的是由ARRC所选,将被称为有担保隔夜融资利率(Secured Overnight Financing Rate, SOFR)。美联储在一份声明中表示,SOFR将包含来自纽约梅隆银行的三方附买回数据、以及来自Depository Trust & Clearing Corp(DTCC)结算后的双边及一般担保(GCF)附买回数据。

另一个利率为三方一般担保利率(Tri-party General Collateral Rate, TGCR),将仅包含来自纽约梅隆银行的三方附买回数据。

第三种利率将被称为广义一般担保利率(Broad General Collateral Rate, BGCR),将基于纽约梅隆银行的三方附买回数据,以及DTCC的结算后一般担保附买回数据。

美联储称,美国联邦政府公报(Federal Register)公布之后60天内,民众可就这些提案提出建言,预料这项提议不久后就会登上公报。

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