The New Zealand Financial Markets Association is the professional body for wholesale (institutional) banking in New Zealand. The Association represents the interests of its members in ensuring the sound management of the over-the-counter financial markets. This is achieved by promoting effective self-regulatory initiatives, advocating for the industry, providing relevant education, and developing and implementing high professional standards to be used by members when dealing in these markets.

NZFMA also maintains and oversees the NZdata Service which calculates and publishes official reference rates and pricing services that can be taken into back office systems or viewed on vendors’ screens.

NZFMA membership is institutionally based, with members providing a wide range of financial services such as corporate banking, trading in financial instruments and trade finance.

Change to BKBM data Capture & Calculation Process

As a result of recent reductions in the number of banks willing to contribute to our Bank Bill Reference Rate (BKBM) and in the interest of reducing ongoing compliance obligations for contributing panel banks, the Board of the NZFMA has approved changes to the way in which transaction based tenor mid rates are set for this benchmark. Instead of relying on contributions from panel banks that are reflective of the traded market, the revised methodology will automatically extract actual trades supplemented with best bid and offers from the broker electronic trading platforms. These rates will be used to set actual tenor benchmarks and to provide a basis for interpolation of the less liquid tenors.  READ MORE.


New NZFMA Chairman

Adam Boyd, Head of Global Markets and Institutional Banking at ASB Bank takes on the Chairman role of the NZFMA following the Association's AGM on September 11.  Nigel Gaudin, Head of Financial Markets at Kiwibank was re-elected as Vice Chair.


NZFMA News and Events

2014 was the 26th anniversary of this event, and it continues to go from strength to strength.  Although the weather was a little inclement to begin with, some excellent golf was played and the day was thoroughly enjoyed by all.  Saturday night's black tie dinner and prizegiving was MC'd by Brendhan Lovegrove who provided plenty of laughs, and the event managed to raise a record $55,400 for Camp Quality.  A fantastic result, and we thank all the member organisations and individuals who continue to support this event.  The 2015 golf tournament will be held a little later in the year - 6-8 November.  Read more and view photos/results.


New Zealand's fourth ACI Dealing Course was held in Masterton from 7-10 July.  Along with plenty of learning outcomes came a lot of fun for the attendees who all agreed that this was a very worthwhile course.  Read more/view photos and results.

After successfully bidding for the two day marlin fishing experience at the NZFMA Charity Ball in 2011, Mark, aboard the vessel Black Watch skippered by Paul Atmore of NZFMA, caught and tagged an estimated 160kg striped marlin off the coast Taranaki.  Read more and view photos.

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For further information and pricing of the NZdata Service, please download the NZdata End User Subscription Agreement. This agreement should be completed and returned to activate a new subscription..

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Data Summary

RATES as at 30/03/2015
BKBM*
Mid Rate
3 Month
3.65000
6 Month
3.64000
SWAPS*
Mid Rate
1 Year
3.5700
3 Year
3.5850
2pm NZDFIX
0.7543
TWI
78.9

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