Fixed Income and Debt

Money Markets - Part 6


Interest rate benchmarks play a vital role in financial markets, serving as reference rates for financial contracts and offering performance benchmarks for investors. In Australia, the two primary interest rate benchmarks are the bank bill swap rate (BBSW) and the cash rate. This eCourse provides a high-level overview of Australian interest rate benchmarks, with a focus on the bank bill swap rate (BBSW) and the cash rate.


On completion of this course, you will be able to:
- Define the bank bill swap rate (BBSW) and how it is calculated
- Describe the history of the BBSW and how it has evolved
- Define the cash rate and how it is calculated
- List the uses of the BBSW and the cash rate in Australian financial markets
- Identify other important Australian interest rate benchmarks

Content Highlight

BBSW & Other Australian Benchmarks
Topic 1: Australian Interest Rate Benchmarks – Overview
Topic 2: BBSW
Topic 3: Other Interest Rate Indicators

Administrative Details

Relevant Subject
Type 1 - Dealing in securities
Type 2 - Dealing in futures contracts
Type 3 - Leveraged foreign exchange trading
Type 4 - Advising on securities
Type 5 - Advising on futures contracts
SFC:1.00, PWMA:1.00
All Member: HKD320
Non-Member: HKD480
Staff of Corporate Member: HKD320