Chairman's Message

"Welcome to AFMA's website. AFMA is the industry association for Australia’s wholesale banking and financial markets representing over 140 entities across the industry.

Our members include Australian and foreign banks, leading brokers, securities companies, state government treasury corporations, fund managers, traders in electricity and other specialised markets and industry service providers. Our members link Australia to the leading financial centres around the world.

The financial markets clearly play a crucial role in the Australian economy and AFMA, in collectively representing the industry, assists the efficient operation of markets that currently turn over on average $480 billion each working day. Two thirds of this volume is in non-exchange traded financial products, the over-the-counter (OTC) market, where AFMA manages the documentation and protocols that enable these markets to perform efficiently. AFMA places enormous importance on maintaining high standards of competence and professionalism and provides accreditation for OTC market participants.

AFMA recognises the importance of efficient regulation to inspire investor confidence in our markets, and in this regard plays a leading role in providing industry input to the government and regulators on public policy matters relevant to the financial markets. We seek to ensure that government regulation of the financial sector is firm enough to inspire investor confidence yet flexible enough to allow the markets to grow to their full potential.

Steve Harker
Chairman, Australian Financial Markets Association

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Latest News

Australia as a Financial Centre - How to Achieve Our Potential

The Australian Financial Markets Association (AFMA) agrees with the Australian Financial Centre Forum's recommendations in its Report released today, "Australia as a Financial Centre", and strongly encourages the Government to accept the recommendations and to implement them in a timely manner.

A competitive, resilient and efficient financial system is central to a successful economy. Australia is well served in this regard but more needs to be done to achieve our full potential. The Report recognises many of the problems encountered by financial services providers and presents a set of measured actions to deliver the international business, quality employment and positive client service outcomes we should reasonably expect from a competitive financial system.

For more details see AFMA’s media release.

2009 Australian Financial Markets Report (AFMR)

Australia's financial markets feel the effects of the global financial crisis

The impact of the global financial crisis on Australia's financial markets is measured as overall turnover shows a fall of 16.8%, the first decrease in nine years. However, turnover statistics varied widely across products and sectors as the impacts of the flight to quality and funding constraints were felt over the past 12 months.

As well as a wealth of data on financial markets, the Report contains expert commentaries on trends in each product surveyed and reports on both OTC and Exchange Traded markets.

Click here to download AFMA's 2009 Australian Financial Markets Report.

Bank Bill Swap Rate (BBSW) Subscription

Effective 1 October 2009, live Australian Bank Bill Swap Reference Rate (BBSW) data will only be available to subscribers.

BBSW provides independent and transparent reference rates for the pricing and revaluation of Australian Dollar derivatives and securities.

After reviewing similar benchmark processes around the world, AFMA has decided to limit live access of BBSW to subscribers. 24 hour delayed data will be available free of charge to non subscribers on this website.

Subscription information is available here.

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Market Data

Date	29/07/2010*
BBSW (10AM)	Mid Rate
3 Month	4.7800*	More…
6 Month	4.9517*
SWAPS (10AM)	Mid Rate
1 Year	4.885*	More…
3 Year	5.035*
AUDFIX (10AM)	0.89410*

* NB rates above are displayed on a 24 hour delay ie rates are for previous day. Pls refer to vendor (Bloomberg, Reuters and other information vendors) pages for live data.

To the fullest extent permitted by law, AFMA provides this information 'as is' and you may not rely on it as being accurate or comprehensive. You should independently verify the accuracy and comprehensiveness of this information.

Click here for more rate information.

Click here for Education, Training & Conferences

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Chairman's Message

Australia as a Financial Centre - How to Achieve Our Potential

2009 Australian Financial Markets Report (AFMR)

Bank Bill Swap Rate (BBSW) Subscription