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Change to contributors for the BBA Canadian Dollar LIBOR panel

12 Feb 2007

With effect from November 1, 2006, Lloyds TSB will replace Bank of Nova Scotia as a contributor to the BBA Canadian Dollar (CAD) LIBOR panel.

The Bank of Nova Scotia has notified the BBA of its wish to step down from the panel.

There has been no change in the composition of other BBA LIBOR contributor panels.

Individual Contributor Panel banks are selected by the BBAs FX and Money Markets Advisory Panel after private nomination and discussions with the BBA LIBOR Steering Group, on the basis of reputation, scale of activity in the London market and perceived expertise in the currency concerned, and giving due consideration to credit standing.

For further information, please contact:
BBA press office (020 7216 8840 begin_of_the_skype_highlighting              020 7216 8840      end_of_the_skype_highlighti)

Notes to Editors

The aim of the Advisory Panel is to ensure that the Contributor Panels broadly reflect the balance of activity in the inter-bank deposit market.

Decisions represent the composite judgement of the Advisory Panel and the BBA is unable to comment on any individual Panel or bank.

The BBA is committed to reviewing the Panels at least annually.

Information about BBA LIBOR is available on the BBA website.

 
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