Change in reference rates for financing costs

Dear customers,

we would like to inform you that our liquidity providers (and therefore also FXFlat) will use other reference rates to determine the overnight costs per product from 03.01.2022.

The LIBOR interest rate will be replaced by the "Alternative Reference Rates" (ARR). The new swap value is composed of the ARR, which is adjusted by a one-month spread component. This basis follows the guidelines of the "International Swaps and Derivatives Association" (ISDA). The ARR values are provided by the Alternative Reference Rates Committee.

The changes are as follows:

 

For more information, please refer to the contract specifications as of 03/01/2022.

With kind regards,

Your FXFlat Team

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