RepoFunds Rate (RFR) JBOND

About RepoFunds Rate (RFR) JBOND

JBond and CME Group Benchmark Administration (CMEBA formerly known as NEX Data) publish RepoFunds Rate (RFR) JBOND to measure the overall cost of funding in dealer to dealer for Japanese government bonds.

RFR JBOND is calculated daily by CMEBA as the benchmark administrator under the EU BMR, using eligible one-day repo transactions traded on JBOND Repo System and centrally cleared through the Japan Securities Clearing Corporation (JSCC).
RFR JBOND is registered as a benchmark under the EU BMR.

RFR JBOND provides an insight into the overall cost of funding in the dealer to dealer market by taking a volume-weighted average of repo rates from trades which use Japanese government bonds as collateral.
The methodology used by CMEBA is consistent with IOSCO Principles for Financial Benchmarks.
RFR JBOND enhances JGB market’s transparency significantly.

CMEBA capitalizes on CME Group’s wealth of electronic transaction-based data for the construction of its indices and benchmarks - Government bonds indices in Euro and US$/¥ currency index (EBS JPY Benchmark) and more.

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※RFR JBOND is provided with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information. JBond shall not be liable for any damage caused by use of the information by the users.