MART Position Paper – Philippine Yield Curves

This paper aims to establish the urgent need to adjust the methodology for the construction of the standard yield curve in the Philippines. In particular we recommend prioritizing the use of market derived yields using the most liquid benchmark securities along the yield curve as opposed to the current methodology where the curve is often [...]

By | November 2nd, 2011|NEWS, POSITION PAPERS|1 Comment

MART Position Paper – Interbank Repo Market in the Philippines

1. A repurchase agreement or a repo is a contract whereby the seller of securities agrees to buy them back at a specified future date and price usually on a short-term basis. The difference between the original price and the repurchase price implies the cost of the repo otherwise known as the repo rate. This [...]

By | November 2nd, 2011|NEWS, POSITION PAPERS|0 Comments