FY2005 JBA TIBOR Reference Banks

At the end of every fiscal year, JBA reviews member banks on the reference bank panel for Japanese yen TIBOR and Euroyen TIBOR.JBA recently solicited applications for assignment as new reference banks and selected the fiscal 2005 reference banks based on four criteria including amount of market transactions (unsecured call market/Japan Offshore Market) and outstanding balance of yen assets.JBA announced on February 25 that the present sixteen reference banks would also serve in that capacity during fiscal 2005.