For the Vietnamese market, FTSE Russell produces VND VNIBOR, USD VNIBOR and VNDFIX. VND VNIBOR is the rate at which local Vietnamese banks, who are active in the Vietnamese money market are willing to lend to other banks in Vietnamese Dong (VND). USD VNIBOR is the rate at which local Vietnamese banks, who are active in the Vietnamese money market are willing to lend to other banks in US Dollars. VNDFIX includes VND-USD spot and forward FX rates as well as an implied interest rate benchmark based on exchanging VND into USD at the spot rate, lending at USD VNIBOR and converting back into VND using the forward FX rate. These benchmarks are calculated using contributions from a panel of banks.
VND VNIBOR Consultation (now closed)
FTSE Russell is reviewing the benchmark methodology with the objective of aligning it with industry best practice. This consultation seeks market participant feedback on proposals to (1) replace contributions with executed trade data, (2) cease tenors where there is no active underlying market and (3) launch new compound average overnight rates. Please download the consultation paper and submit responses to the questions by no later than the new later deadline of 31 May 2024.
FTSE Russell intends to publish an outcome statement to this consultation paper in due course.
USEFUL LINKS
Accessing rates data
Benchmark data is made available on LSEG Data & Analytics platforms, through direct data feeds and APIs and is widely available through other third-party market data vendors and authorised redistributors.
