About CBF

The Chilean Benchmark Facility SpA is a 100% subsidiary of Global Rate Set Systems Ltd (GRSS).

GRSS is an independent company that specialises in benchmark administration and providing services to other benchmark administrators. GRSS has been the calculating agent for Euribor since 2014 and also provides calculating agent and licensing systems to the administrator of NIBOR in Norway. The GRSS subsidiary the Czech Financial Benchmark Facility (CFBF) is the benchmark administrator for PRIBOR. Another GRSS subsidiary, the Danish Financial Benchmark Facility is the benchmark administrator of the Danish IBOR benchmarks. Lately, GRSS subsidiary Swedish Financial Benchmark Facility, SFBF, took over the calculation and administration of Stibor.

ABIF has appointed GRSS, through its subsidiary the CBF, to be the administrator of the Chilean benchmarks. During the transition stage representatives of the CBF participated in the Transition Oversight Committee continuing the work underway by the existing ABIF Oversight Committee, to achieve compliance with the IOSCO Principles. 

After the transition period the CBF assumed full responsibility for the Chilean benchmarks, which includes the established of their new CBF Oversight Committee from 11 December 2019.