FAQs

Following the withdrawal of the UK from the EU on 31 January 2020 and the end of the accompanying transitional period on 31 December 2020 the UK has enacted a Benchmark Regulation framework which will have an impact on the use of 3^rd country benchmarks by UK supervised users. The UK has implemented further transitional arrangements such that UK supervised users can continue to use 3rd country benchmarks until at least the end of 2022 without either the benchmark or its administrator being registered with the UK Financial Conduct Authority (FCA). The DFBF is an authorised administrator under the EU Benchmark Regulation as the administrator of CIBOR®, Tom/Next, CITA and SWAP. It has applied to the UK FCA and as of 30^th of June 2021 is included on the UK register of approved benchmark administrators to allow UK supervised users to continue to use CIBOR®, Tom/Next, CITA and SWAP post the 2022 year-end deadline.

The subscription requirements can be found on our “How to Subscribe” page – https://dfbf.dk/subscribe/how-to-subscribe/.

Fees are only applicable to subscribers if they wish to receive the live data (up to 24 hours delayed) from an authorised vendor.

The DFBF website will provide delayed data and this is for a users internal business use and not intended to be resold to third parties.  Many vendors are providing the delayed data at no charge.  There is no requirement to have any direct subscription agreement with DFBF to receive this data from your existing vendor.

Delayed data can be used according to the use conditions of your existing vendor.

In the case that you wish to distribute delayed data to third parties as a data service, you will need to enter into a distribution agreement with DFBF.

DFBF distributes data in three ways;

1. It provides 24 hour delayed data on the DFBF website. This is free of charge
2. Authorised Delayed Data vendors provide 24 hour delayed data to their clients at no charge (some vendors provide live and delayed options)
3. Live data (up to 24 hour delayed) is distributed to subscribers who have signed a subscription agreement directly with DFBF (available from the DFBF website). The method of distribution is via an Authorised vendor who has a license to distribute live data. Once the subscriber has a subscription with DFBF, the DFBF advises the vendor to provide access in accordance with the type of subscription. This will allow access via vendor terminals, datafeeds and other applications.

Please visit the “How to Subscribe” page to view the steps required to obtain a subscription agreement – https://dfbf.dk/subscribe/how-to-subscribe/

The fees for the subscription services are explained in full on the subscription charges page – https://dfbf.dk/subscribe/subscription-charges/

From the 1st October 2019 the Danish Financial Benchmark Facility ApS will be the benchmark administrator for the DFBF benchmarks detailed below.

It will collect submissions from a panel of Danish banks, calculate the benchmarks according to the published methodology and then publish the rates to the financial markets.

The data package includes all four benchmarks and no benchmarks are distributed individually.

Benchmark name	Description
CIBOR	Copenhagen Interbank Offered Rate
CITA	Copenhagen Interbank Tomorrow/Next
SWAP	SWAP Reference Rates
TOM/NEXT	Tomorrow/Next Interest Rates

Please go to our “How to Subscribe” page – https://dfbf.dk/subscribe/how-to-subscribe/

A subscription can be obtained online from the DFBF website.  Once you accept the terms and conditions you will be provided with a subscription from DFBF, this is a system generated file and is not countersigned.  Should you require a coutersigned version please contact us at subscriptions@dfbf.dk and we will arrange for one to be created for you.

A subscription agreement allows use of the data for internal business purposes and to provide subsets of the benchmarks to clients for reporting purposes. The subscription agreement describes the use rights.
If however, you wish to distribute the benchmarks as a service, you will need to contact DFBF to get a distribution licence agreement.

Older browsers are still being used in many financial markets institutions, many of these browsers do not support SNI and will generate this error.  Please try a later version of browser.  If you are unable to utilise a supported browser in your environment please contact subscriptions@dfbf.dk and we will endeavour to find a work around for you.