We are pleased to announce that we have released a full suite of Thai Overnight Baht Repurchase Rate (THOR) analytical data enabling customers to better view the changing Thai Baht market. 

The full suite of THOR data, which includes a THOR OIS curve, is based on a combination of prices originated from trading by Tradition’s brokerage desks and our expert analytics. The data is available directly from us, as well as on Bloomberg and Refinitiv under the firm’s Global and Risk Free Rates packages. 

The Bank of Thailand launched THOR in April 2020 and it will replace the Thai Baht Interest Rate Fixing (THBFIX) which will be discontinued after June 30, 2023. It also stated that starting from 1 July 2022 onwards, all financial institutions shall cease offering new derivatives referencing THBFIX, such as Interest Rate Swaps (IRS) and Cross Currency Swap (CCS), except for risk management of THBFIX legacy contracts. 

Over the past two years, we have been working on adding Global Alternate Rates analytical data in response to the cessation of the London Inter-Bank Offered Rate (LIBOR).

Scott Fitzpatrick, CEO, commented: “Having been involved in the first trade on THOR in September, publishing a suite of THOR curves bookends a great story in Tradition’s Thai Baht business. The TraditionDATA team has been tirelessly working to publish new IRD curves to help our customers navigate the global LIBOR transition and the full suite of THOR analytical data is the latest testament to their hard work. We will continue to provide our clients access to the data they need when they most need it and look forward to adding more products over the coming months.”  

Related products

THB – THOR Interest rate derivatives