The Gold Forward Offer Rate fixing will be discontinued on January 30, 2015
The London Bullion Market Association
(LBMA) and Icap unit TriOptima said 12 market participants
eliminated 99% of their outstanding gold interest rate swap
(IRS) trades with each other ahead of the discontinuation of
the Gold Forward Offer Rate (GOFO).
TriOptima, an over-the-counter derivatives
post-risk services provider, said that working with the
wholesale trade body ahead of the disappearance of the GOFO
rate meant that it was able to offer a special triReduce
termination cycle which helped the provider assist the market
in tearing up most of the outstanding gold interest rate swap
trades that rely on the GOFO Rate to fix and reset these
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