This section predominantly focusses on developments in New Zealand's primary short-term interest rate benchmark, the bank bill
rate benchmark (also known as 'BKBM').
Schwab Bank Bill
Pay also allows users to view, pay and file e-bills, view auto and recurring payments and view payment status.
Also, the ruling and opposition camps will take some time unifying the opposition bill and the LDP's bridge bank bill
into a third draft bill, should such a compromise be reached, before the Diet can vote on whether to enact it, they said.
During their lengthy consideration of the defeated bank bill
the House did take some actions indicating some interest in community reinvestment concerns of cities.
The bank is to pay USD25m to settle legal action brought against it by ASIC over bank bill
These liquidity transactions are conducted by the Domestic Markets team via open market operations (OMOs), via the Reserve Bank Bill
(RB Bill) tender programme or directly in the market via FX swaps.
Singapore's United Overseas Bank (U11.SG) (OTCBB: UOVEY) has said that it is planning to sell a three- year bond worth AUD300m at 95 to 98 basis points over the Bank Bill
swap rate, Dow Jones has reported citing a person familiar with the proposed deal.
The issue included a batch of AUD800m floating-rate notes, carrying a yield of 20 basis points over the three-month bank bill
swap rate, as well as AUD550m worth of notes, priced to yield 6.62%.
The leading opposition Democratic Party of Japan (DPJ), the Liberal Party, and the Heiwa-Kaikaku parliamentary group have criticized the proposed financial mechanisms, and the government has repeated that it is willing to revise the bridge bank bill
through consultations with the opposition camp.
The bank is the last of Australia's big four banks to be named in ASIC's action over alleged manipulation of the bank bill
swap reference rate, or BBSW.
rates can be thought of as having two components: a risk-free monetary policy rate component and a bank risk component.
The issue amount will be at least AUD500m (USD445.5m/EUR350m) and the pricing is seen at 250 basis points over swap and bank bill
swap, a fund manager close to the deal told Reuters.
''It is possible that other methods would be preferable,'' Miyazawa told a House of Representatives Budget Committee session, which is deliberating six financial system stabilization bills, including the bridge bank bill