• Fallback Rate (THBFIX)

The USD LIBOR cessation will also mark the cessation of THBFIX as well. Therefore, the BOT has published the Fallback Rate (THBFIX) for market participants with outstanding contracts that cannot be transitioned away from THBFIX prior to the cessation. However, Fallback Rate (THBFIX) has specific limitations that users should be aware of and study in further detail.