They thus extend lower rates to less risky borrowers who would not have borrowed otherwise. Thus the average interest cost to the borrower gets lowered.
The issuance aims to establish a common framework across the trust industry on benchmark selection and ensure that clients are provided with the necessary information for them to adequately assess fund performance.​ As we actively move towards a more digital society, I call on the FMAP and its memberinstitutions to embark on and accelerate your own digital transformation journeys.​ Digitalization can reduce distribution costs and make financial transactions faster and more convenient.