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Consultation on market conventions for ZARONIA-based non-linear derivative instruments
Published Date:
2024-11-28, 08:00 AM
Last Modified Date:
2024-11-28, 02:26 PM
Category:
Market Practitioners Group > MPG Media Releases | Financial Markets > FMD-MediaReleases | Media Releases > MPG-Derivatives | What's New
The Market Practitioners Group (MPG) Derivatives Workstream has published a white paper that proposes market conventions for non-linear derivative products that will use the newly launched South African Rand Overnight Index Average (ZARONIA) as an alternative reference rate to the Johannesburg Interbank Average Rate (Jibar).