With effect from 1st October 2018, redistribution and use of the Financial Benchmarks India Pvt. Ltd. (FBIL) benchmarks data MIBOR, MROR, Term MIBOR, US dollar/Indian Rupee Forwards, MIFOR, MIBOR-OIS, CD Curve, T-Bills Curve and FC-India Rupee Options Volatility will be subject to payment of usage fee. Any usage of the above benchmarks for the below stated purposes will required user license from FBIL and applicable usage fee:
a) Valuation of portfolio and assets
b) Pricing of products or contracts
c) Interest Rate fixing
d) Loan servicing
e) Pricing Curves
f) Use of FBIL Benchmark rates as reference rates in financial transactions and products like swaps, FRAs and any other derivatives.
g) Use of FBIL Benchmark rates for similar other purposes.
Clients can reach out to following FBIL Contact Details: