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'BAB/NCD' EOD Reference Rates Definition Page
The purpose of Bank Accepted Bill / Negotiable Certificates of Deposit ('BAB/NCD') end-of-day (EOD) Reference Rates provide independent & transparent reference rates for the pricing and revaluation of an organisation's Australian Dollar denominated short-term securities portfolios & short-term interest rate risk positions.
The definition for 'BABSEOD' Reference Rates for a reset date will be the average mid rate at approximately 4.30 p.m. Sydney time, for Australian Dollar 'prime bank' bills of exchange, accepted by an approved 'prime bank', having a tenor of designated maturitities out to 1 year. Reference Rates input are provided on a business day in Sydney.
For AFMA BAB/NCD reference rate procedures and calculation methodology please click here.