FAQ's
What is AFMAdata?
A
data feed of real time and reference information pertaining to Australia’s OTC
financial markets. Market contributed and other relevant data is collected via
the internet and all major information vendors and combined to produce a single
feed available to all participants in financial markets. AFMAdata promotes self
regulation of OTC financial markets by increasing market transparency.
What information
does AFMAdata provide?
Real
time dealing rates - Cash/Repos, (AFMA members only)
Reference
rates for a wide range of OTC financial markets including cash, repos, bank
bills, swaps, options, CGS, Corporate Bonds; semi government bonds;
index-linked bonds; Credit Derivatives and Electricity.
Releases
from the Reserve bank of Australia (RBA)
Who supplies the
market prices?
Over 100
AFMA members throughout Australia provide live market prices. The reference
rates are contributed by respective market elected member organisations.
How are the rates
calculated?
Rates are
calculated independently by AFMA, with ‘out of market’ rates eliminated
prior to averaging.
Is AFMAdata
delivered to the market simultaneously?
AFMAdata (and all updates) are delivered to
the market equally and simultaneously via the major information
vendors. These being Bloomberg,
Moneyline Telerate and Reuters.
What can AFMAdata be
used for?
- Portfolio
revaluation by
middle and back office personnel, where independently determined rates are
essential.
- Auditors
and regulators in
their review processes.
- Price
makers and price takers in negotiating transactions - provides a standardised
benchmark for rate reset in term contracts and a clear and fair pricing basis.
- AFMAdata is equally important to corporate,
government, and other users of the market who need to effectively monitor
and manage their financial risk exposures.
- Tool
for overseas investors with exposures in the Australian OTC markets.
- Contractual
rate setting.
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