The DFBF’s Public Consultation on the proposed adjustment of Tom/Next calculation methodology and proposed cessation of the benchmark is now complete. The Public Consultation process forms part of DFBF’s commitment to evolve Tom/Next for the benefit of its broad user base.
The conclusion is that on 1 April 2022, the DFBF will adjust the methodology of Tom/Next to be DESTR plus a fixed spread, determined to three decimal places. The DFBF will continue to publish Tom/Next every good business day until 1 January 2026, the date on which the benchmark will be discontinued.
For more details and the full analysis document, visit this page.