MAF Change Post-Implementation Impact Analysis
Post-Implementation Impact Analysis
STIBOR Calculation Methodology Market Adjustment Factor (MAF) data source change
A change of data source used for the STIBOR Calculation Methodology Market Adjustment Factor (“MAF”) was implemented on September 20th, 2022. The previously used data source ICE 3 months SOFR and SONIA index futures (“legacy data source”), was replaced by the ICE Term Reference Rates (TRRs) for SOFR and SONIA (“new data source”).
A post-implementation impact analysis was conducted during the period of September 20 – October 20, 2022, in connection to the replacement of the data source.
Click here to access the Post-Implementation Impact Analysis.