This can be seen when considering the interbank
bank bill trades outside the BKBM rate set as a percentage of total interbank trades.
(17) A 28-day Reserve
Bank bill with a face value of $1 million and sold at a rate of 2.50 percent will cost $998,085.86.
(11) Historic data for 12-month Australian
bank bill rates has large gaps in the series, and is therefore excluded in our analysis.
The changes announced above will take effect from the beginning of November, with the final TAF and Reserve
Bank bill tenders scheduled for the week beginning of 26 October.
They were priced to yield 150 basis points more than the three-month
bank bill swap rate.
The debt is to be priced by tomorrow at some 200 basis points over
Bank Bill Swap Reference Rate (BBSW), an investor told National Australia Bank.
While other financial instruments already available in the market, such as
bank bills and
bank bill futures, can protect against unexpected movements in short-term interest rates, the OIS helps protect against unfavourable movements in the overnight rate, which can move significantly even within periods as short as three months.
President Hassan Rouhani officially delivered the Banking Reform Bill and the Central
Bank Bill to Majlis speaker Ali Larijani on Tuesday.