Member access

4-Traders Homepage  >  Shares  >  London Stock Exchange  >  ICAP plc    IAP   GB0033872168

ICAP PLC (IAP)

8
Delayed Quote. Delayed London Stock Exchange - 11/24 11:35:23 am
406.4 GBp   +0.35%
3d agoDJYen Rises After Japan Fin Min Voices Concern Over Its Sharp Fall
4d agoDJYen Tumbles to Fresh Lows vs Dollar, Euro
4d ago ICAP : *traders: morgan stanley cuts icap price target to 382 (408) pence
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

ICAP plc : ICAP Updates NYFR Fixings

04/20/2012 | 02:58pm US/Eastern
20.04.12
ICAP Updates NYFR Fixings

New York, 20 April 2012 - ICAP (IAP.L), the world's leading voice and electronic interdealer broker, announces a change to the process for calculating NYFR FixingsSM, a survey-based indicator of 1- and 3-month unsecured bank funding costs.

Beginning with the rates published Tuesday morning, May 1, 2012, ICAP is changing the minimum number of participants required in order to publish the rate, and asking institutional participants that are active in the wholesale funding market to submit what they believe to be a rate where a representative upper-tier bank borrower would be likely to obtain funding in the market. As the poll is voluntary, the number and identity of contributors in a NYFR FixingSM will vary from day to day, but ICAP will require a minimum of 12 participants each day in order to publish the rate. In each daily survey, the highest 25% and lowest 25% of contributions in each tenor are discarded, and the NYFR is calculated as the simple average of the remaining rates. The survey will continue to ask participants for market rates as of 9:30 AM ET and the results are scheduled to be calculated by 10:00 AM each day and disseminated shortly thereafter. The fixings will continue to be distributed via email to the press and to participants. The fixings will also be posted along with ICAP's hourly effective money market rates on www.heffr.com.

ICAP will review terms of the NYFR regularly and may revise them from time to time. All individual rate contributions will remain confidential.

Contacts

Lou Crandall Chief Economist 212 815 6540
Guy Taylor Corporate Communications 212 341 9759


About ICAP
ICAP is the world's leading voice and electronic interdealer broker and the source of global market information and commentary for professionals in the international financial markets. The Group is active in the wholesale markets in interest rates, credit, commodities, foreign exchange and equity derivatives. ICAP has an average daily transaction volume in excess of $1.5 trillion, more than 60% of which is electronic. ICAP plc was added to the FTSE 100 Index on 30 June 2006.www.icap.com



distributed by
React to this article
Latest news on ICAP PLC
1d ago ICAP : Numis Securities Ltd Reaffirms "Hold" Rating for ICAP plc (IAP)
2d ago ICAP : Numis Securities Ltd Reaffirms Hold Rating for ICAP plc (IAP)
3d agoDJYen Rises After Japan Fin Min Voices Concern Over Its Sharp Fall
4d ago ICAP : organizes two-day moot on Public Financial Management
4d ago ICAP : conference on financial management from Nov 24
4d agoDJYen Tumbles to Fresh Lows vs Dollar, Euro
4d ago ICAP : *traders: morgan stanley cuts icap price target to 382 (408) pence
5d agoDJEUROPE MARKETS : European Mining Shares Struggle On Drop In Iron-ore Prices
5d ago ICAP : Connected Party To CEO Buys Shares (DIRECTOR DEALINGS)
5d ago ICAP shipping arm in merger talks with rival as M&A heats up
Advertisement
Chart
Duration : Period :
ICAP plc Technical Analysis Chart | IAP | GB0033872168 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF