Tag: sterling repo index rate

EBS BrokerTec, the electronic Forex and fixed income business of ICAP plc (LON:IAP), and ICAP Information Services (IIS) announce today the launch of the Sterling Repo Index Rate (£RIR). The index measures the effective cost of funding for Sterling Government bonds. £RIR, which is calculated and distributed by IIS, uses eligible one-day repo trades executed…