Feb 5 Tuesday The FIMMDA-Thomson Reuters 3 mths Commercial Paper Benchmark is 9.0750% compared with 9.0438% on Monday 04 Feb. TENORS BENCHMARK ------- --------- 1 Month 8.2000 2 Month 8.6375 3 Month 9.0750 4 Month 9.1667 5 Month 9.2583 6 Month 9.3500 7 Month 9.3663 8 Month 9.3826 9 Month 9.3989 10 Month 9.4152 11 Month 9.4315 1 Year 9.4500 COMPUTATION: Indicative quotes from Investors, Issuers as well as Brokers are polled from the panel of contributors by Thomson Reuters personnel for 1 month, 3 month, 6 month and 1 year primary A1+ commercial papers. Bid Rate, Ask Rate or both Bid Rate and Ask Rate as thecase may be is considered for the benchmarks. Median Bid Rate and Median Ask Rate is computed. The India FIMMDA-Thomson Reuters 1 month Commercial Paper Benchmark is the mean or simple average of the 1 mnth Median Bid Rate and the 1 month Median Ask Rate. Similarly the 3 month, 6 month and 1 year Commercial Paper Benchmarks are computed. The 2 month benchmarks is computed by interpolating the 1 month and 3 month benchmarks, the 4 month and 5 month benchmarks are compute by interpolating the 3 month and 6 month benchmarks and the 7 month, 8 month, 9 month, 10 month and 11 month benchmarks are computed by interpolating the 6 month and 1 year benchmarks. For participants' names and quotes, please double-click on or type INCPCONT followed by an Enter key. For benchmark levels, please double-click on or type 0#INFIMCPBMK= and then press ENTER. gives spread on CP over T-Bill FIMMDA is the Fixed Income Money Market and Derivatives Association of India.
Trending On Reuters
Next year, Dr. Ketan Desai is slated to head the World Medical Association (WMA), guardian of the Hippocratic Oath. The WMA is standing by him, even as he battles conspiracy allegations in two Indian courts. Desai has been facing allegations that he conspired in 2009 to have the Medical Council recommend that a private medical college be allowed to add more students. Full article