Riyadh - Mubasher: Saudi Arabian Monetary Agency (SAMA) said it mandated Thomson Reuters by the banking sector to be benchmark administrator and calculation agent for SAIBOR.
The decision will be effective as of 20 November 2016.
A panel of banks will contribute initially to SAIBOR, which will be calculated and administered by Thomson Reuters based on documented methodology and procedures aligned to the International Organization of Securities Commission (IOSCO) Principles for Financial Benchmarks.
Source:
Mubasher