NZFBF Consultation – Viable Benchmark Replacement Consultation Reminder

NZFBF Benchmark Update


Benchmark Update No: 032023

Date: 04 August 2023

NZFBF Consultation – Viable Benchmark Replacement Consultation Reminder 


This benchmark update serves as a reminder to all benchmark stakeholders and market participants that the closing date for all submissions on the NZFBF consultation document – viable options for establishing an interest rate benchmark to potentially replace BKBM, is two weeks from today on August 18, 2023.


The consultation document, the first of two planned consultations, and the initial announcement on 26 June 2023, is available on NZFBF’s website.


NZFBF welcomes all responses to this consultation and will consider all comments received. This consultation document contains a number of questions. Responses to these questions are most useful if they contain a clear rationale and, where applicable, suggest an alternative. Please comment on any or all the questions that are relevant to you.


NZFBF encourages recipients of this benchmark update and consultation document to share the information with clients and other interested parties.


NZFBF notes that BKBM will continue to operate as usual, and no decision has been made to cease its production.


Submission Results

NZFBF will keep all individual submissions confidential. It will however publish an anonymised summary of the submissions in line with the next steps in the consultation document.


Contact Us

If you have any questions or comments, please email or phone (+64 4 333 1377) the NZFBF team.