Results of periodic monitoring of TORF Official Rates, etc.
QUICK Benchmarks Inc.
QUICK Benchmarks Inc. (QBS) conducted periodic monitoring of TORF Official Rates, etc. from July 3 to September 29, 2023 (hereinafter referred to as the “monitoring period”), based on the TORF Operational Rules. Based on the results, and in accordance with the Policy on Treatment of Revisions to TORF Official Rates, etc. (hereinafter referred to as the “Revision Policy”), QBS announce the results during the monitoring period as follows.
From the monitoring, a part of reported data from a reporting broker was detected to be omitted, and the following were observed to have an impact on the Official Rates. QBS has reminded the reporting broker who made these erroneous reports to ensure that data reports are accurate in accordance with the Code of Conduct and to promptly report any erroneous data to QBS.
| Date | Principal | Impact on Official Rates | Revision of Official Rates |
| August 2, 2023 | Reporting broker | Yes (*) | No |
*A part of reported data from a reporting broker was detected to have errors, and re-calculation based on the accurate reporting data was conducted, there was a difference from Official Rates. However, the difference was lower than the criteria defined in the Revised Policy, “In the event of a significant impact on the level of Official Rates (The threshold is set at 0.02%.).”