CBF is the administrator of the TAB Nominal, TAB UF, TADO, ICP and ICP Real benchmarks having assumed the administration responsibilities from ABIF on 18 November 2019.
The CBF is an independent benchmark administrator, specifically established to administer the Chilean benchmarks. Its primary purpose is to provide a best practice governance environment to provide the benchmarks in accordance with international guidelines.
To meet the obligations of the international guidelines, specifically the IOSCO Principles for Financial Benchmarks (July 2013), the CBF introduced a new CBF Panel Bank Code of Conduct that came into effect on 1 July 2021. The purpose of the CBF Panel Bank Code of Conduct is to ensure consistent behaviour by the CBF Panel Banks in respect of their provision of input data for the TAB/TADO benchmarks as regards to the quality, accuracy and quantity required by the calculation methodology used to determine the TAB/TADO rates.
From 1 July 2021 the CBF has published the following documents on its website: