27, 2021)īSBY Usage Terms (Effective through Sep. Research: Introducing the Bloomberg Short-Term Bank Yield IndexīSBY Usage Terms (Effective Sep. Bloomberg is committed to helping clients with all their needs related to LIBOR transition.īSBY is not available for use as a benchmark under the BMR and must not be used as a benchmark in the United Kingdom.īSBY will only be available for use as a benchmark in the United Kingdom following an announcement by BISL that BSBY is ready for launch in the United Kingdom market in compliance with the UK BMR. BISL confirmed BSBY adheres to the IOSCO Principles and an independent assurance report is available in the Resources section on this page.īSBY is live and can be licensed for use as a benchmark in lending products in the U.S. BSBY’s transaction-based inputs, robust construction and resilient methodology are designed to meet the high standards of both the BMR and the IOSCO principles for financial benchmarks (IOSCO Principles). A subsequent announcement will follow once BSBY’s independent oversight committee is established, including its membership and terms of reference, to ensure BSBY can be used in the UK as an interest rate benchmark pursuant to the UK Benchmark Regulation (BMR). BISL provides robust governance and oversight over its benchmark offerings, which will soon include an independent oversight committee for BSBY, composed of a balanced set of market stakeholders. ![]() ![]() ![]() In addition to BSBY, BISL administers the Bloomberg Fixed Income Indices, the Bloomberg Commodity Index (BCOM), and Bloomberg’s Global Equity Index family. Manage Products and Account InformationīSBY is made available as a financial benchmark by Bloomberg Index Services Limited (BISL), Bloomberg’s authorized benchmark administrator.
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