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The new benchmark index of risk-free interest rates, based on the average interbank rate in Egypt, announced by the Egyptian Central Bank (CBE) and launched two months later in cooperation with the European Bank for Reconstruction and Development, is an important step towards creating and strengthening the capital market. Egypt
The news portal of today shows its readers the 12 best news of the new reference Konya (Conia).
New landmark Konya "ConiaAbbreviation of Cairo Over Night Interbank Averege Benchmark
Reflects the new reference Konya "Conia• The daily weighted average interest rates for day-to-day interbank transactions, ie these transactions are risk-free for their lead times.
The new reference is different Konya "Conia"The corridor index," said banking expert Mohamed Abdel-Al, is not a substitute, but is calculated according to local and international standards. Banks now rely on the corridor index to calculate interest on their financing, At the chloride level.
Enjoy the new reference Konya "ConiaWith confidence and transparency, which helps to deepen and develop the money market and the money market in Egypt in two aspects.
Banks rely on rates of return on treasury bills and local bonds to calculate interest on certain financing transactions or when pricing their products to finance individual loans.
Pave the new reference Konya "ConiaFor example, futures trading between interest rates, such as converting a fixed interest rate into a variable interest or the reverse in the future, and in the currency of the Egyptian pound, such transactions can not take place without this indicator, which transparently expresses the weighted average of interbank rates for day-to-day transactions and the many derivatives, can be calculated in Egyptian pounds as and as this market develops in the future, the derivatives market not being a speculative activity, but the objective of this market is to hedge the risks of interest rate fluctuations and their importance. in the field of foreign trade.
New landmark Konya "ConiaThis is a daily indicator that calculates a large amount of precision curves for current and expected short- and medium-term rates, and so on.
Supports the new reference Konya "ConiaIt complements economic, monetary and financial reform plans.
New landmark Konya "Conia"Should have a positive impact on the stability of exchange rates and trading activities.
Launch the new reference Konya "Conia, Increases the efficiency of the market improvement, in line with the international trend in the development of risk-free interest rate.
Enter the new landmark Konya "ConiaRepresents an important achievement in support of capital market reform and its compatibility with the vision of the central bank's management.
New landmark Konya "Conia"This is an important mechanism that contributes to the development of Egyptian capital markets, noting that similar risk-free prices have already been set for the major currencies of other countries.
And co-launched the new reference Konya "ConiaThe Egyptian capital market contact group and local banks are expected to be formally launched by the Central Bank by October.
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