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Philippines , Thursday 15 October 2026

Philippines launches interest rate swaps market to boost bond liquidity

Published on: Sunday 17 November 2024

Philippines launches interest rate swaps market to boost bond liquidity The Philippine central bank announced the launch on Monday of an interest rate swaps market anchored to a newly established benchmark rate to enhance bond market trading and liquidity. The start of IRS transactions follows the recognition by the International Swaps and Derivatives Association of the benchmark - the overnight reference rate (ORR) - which the Bankers Association of the Philippines helped establish. IRS, a fixture of developed fixed-income markets, lets parties manage rate risk or bet on the direction of borrowing costs by exchanging fixed and floating interest rate streams.


News source: https://finance.yahoo.com/news/philippines-launches-interest-rate-swaps-170837863.html

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