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BBSW Definition Page
*Effective 1 Oct 2009 BBSW/Y access is for subscribers ONLY. For subscription to BBSW please click here*
The purpose of ‘BBSW’ is to provide independent & transparent reference rates for the pricing and revaluation of Australian Dollar derivatives and securities.
The definition for ‘BBSW’ is the rate for a reset date will be the average mid rate, for Australian Dollar bills of exchange, accepted by an approved bank, having a tenor with a designated maturity, that appears on an approved information vendors service (eg. Thomson Reuters Screen BBSW page) at approximately 10.08am AEST, on the reset date.
For AFMA BBSW reference rate procedures and calculation methodology please click here
The AFMA BBSW Committee is responsible for the overall management of the BBSW reference rate, rates directly related to the BBSW reference rate, the procedure for the production of the BBSW reference rate and the resolution of any disputes among AFMA members involving the BBSW and directly related rates