FTSE announces that the monthly update to the Stock Borrowing Fee for the FTSE BRIC 50 Daily Short Strategy index will be 31 bps.
The monthly update to the Liquidity Spread for the FTSE BRIC 50 Daily Leveraged Index series is 40.1 bps.
Both changes are effective from 20 October 2014.
Please note: The monthly update to the liquidity spread (spread over the overnight reference interest rate) will be calculated as the average spread over the five (5) business days prior to the Wednesday following the second (2nd) Friday in the month, based on closing values. The data will be announced two trading days before the implementation date (third Friday).
The effective date will remain the close of the third (3rd) Friday of the month and the premise of the spread will remain the difference between a long-term interest rate and an overnight rate swap price.
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