InformationEstablishment of QUICK Benchmarks Inc. (QBS), the TORF provider



QUICK Corp. (Head Office: Chuo-ku, Tokyo; President & CEO: Katsuyoshi Kondo) is pleased to announce the establishment of QUICK Benchmarks Inc. (QBS) on 18 January 2021 to calculate and publish Tokyo Term Risk Free Rate (TORF) which is a new interest rate benchmark for the Japanese yen that will replace LIBOR, London Interbank Offered Rate.


QUICK will transfer its calculation and publication to QBS to keep the transparency of TORF calculation and operational soundness, in addition, to comply with Principles for Financial Benchmarks set forth by IOSCO, International Organization of Securities Commissions.


Prototype rates of TORF are now calculated and published on a daily basis, and its production rates to be used for actual trading are expected to commence calculating and publishing by the middle of 2021.


QUICK aims for TORF to be designated as a “Specified Financial Benchmark” under the Financial Instruments and Exchange Act and for QBS to be designated as a “Specified Financial Benchmark Administrator”.


Company Outline
Name QUICK Benchmarks Inc.(QBS)
Establish 18 January 2021
Head Office Address Nihonbashi Mitsui Tower
2-1-1, Nihonbashi Muromachi, Chuo-ku, Tokyo 103-0022
Representative President, Chief Executive Officer : Masahiro Sasaki(Managing Director of QUICK Corp.)
Business Calculation and publication of financial indices, and their licensing management
Capital 300 million yen
Shareholder QUICK Corp.(100%)


Outline of TORF



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