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The Nexus
BUSINESSAug 14 · 05:15 UTCBLOOMBERGNtando Thukwana

South Africa Taps London to Boost Offshore Adoption of New Benchmark Rate

South Africa is partnering with the London Stock Exchange to manage outstanding derivative contracts. These contracts are currently linked to a soon-to-be-abandoned rand reference rate and will be converted to the country’s new benchmark.

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South AfricaplaceLondon Stock Exchangeorganizationrand reference ratetopicnew benchmarktopic
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