Chapter 6 - Foreign Exchange and Money Markets

import lseg.data as ld
from lseg.data.content import search
from lseg.data.discovery import Chain
import warnings
warnings.filterwarnings("ignore", category=FutureWarning)

ld.open_session()

    <lseg.data.session.Definition object at 0x21ba32a4470 {name='workspace'}>

Tools for Finding Data

Workspace Apps and Programmatic Access

LSEG Workspace offers focused entry points for exploring foreign exchange and money‑markets data. Start with applications and views tailored to cross‑rates (contributed and calculated), deposits and forwards (including outrights), FRAs and swaps, zero‑curve construction, FX and interest‑rate volatilities, and fixings. When you need to discover the precise instrument identifiers before diving deeper, use the LSEG Data Platform’s search—interactively in Workspace or programmatically—to filter by keywords, attributes, or expressions and return instrument results. This discovery step ensures you’re working with the correct FX or money‑market instruments prior to accessing detailed analytics and data.

Tools for FX & Money Markets

App	Description	Why Start Here
FXCROSS	FX Cross Rates — contributed and calculated cross‑currency rates across major and regional pairs.	Ideal starting point for exploring cross‑rates and currency relationships.
SPOTG	Foreign Exchange Overview Guide — spot‑centric view of FX markets including prices and charting.	Broad FX overview and spot‑rate context; useful as the main “spot entry point.”
FWDS	FX Forwards Calculator — forward points and outright forwards across standard tenors.	Primary app for exploring FX forwards; useful for hedging, pricing, and curve insight.
RVMM	Rates Views – Money Market — consolidated live view of money‑market instruments.	Best starting point for short‑end instruments: deposits, OIS, FRAs, swaps, STIR strips.
RMMG	Rates & Money Markets Guides — navigation hub linking to money‑market and rates tools.	High‑level discovery hub across the broader MM/rates domain, including fixings.
Fixings	Workspace for browsing reference‑rate fixings by currency or index family.	Lets users explore fixings, select sources, view intraday schedules/historical values, and jump to related pages.
Programmatic Access	Use LSEG Data Platform programmatic access to locate FX or MM instrument identifiers as needed.	Complements Workspace exploration with automation and workflow integration.

Spot Rates

Spot FX represents the current price for exchanging one currency for another. In Workspace, begin with the Foreign Exchange Overview Guide (SPOTG) to see spot context at a glance, or use the search bar to type a currency or pair (e.g., EUR or EURUSD) and select the spot instruments you need. For broader scanning of currency relationships, open FXCROSS (FX Cross Rates). Once you’ve identified the correct instruments, the notebook’s code cells show how to discover and retrieve the same spot data programmatically.

Examples:

• GBP= shows the spot rate dollar against the British pound Sterling.
• CHF= shows the spot rate Swiss franc against US dollar.

# Extract FX and Money Markets data for CHF=
ld.get_data("CHF=", ["CF_NAME", "CF_BID", "CF_ASK", "NETCHNG_1","CF_SOURCE"])

	Instrument	CF_NAME	CF_BID	CF_ASK	NETCHNG_1	CF_SOURCE
0	CHF=	Swiss Franc	0.7992	0.7995	0.0011	BARCLAYS

Cross-Rates

Understanding Base and Counter Currencies

In any FX pair, the first currency is the base currency, and the second currency is the counter‑currency. The quoted cross‑rate expresses how many units of the counter‑currency correspond to one unit of the base currency. For example, in GBPCHF, the base currency is GBP, and the rate expresses the value of one British pound in Swiss francs.

The FXCROSS app provides a quick, curated view of currency‑based spot and cross rates:

The code below replicates this view programmatically by retrieving the corresponding EUR cross‑rate instruments.

# Use Search to extract the first 10 FX Cross Rates RICs for EUR
ld.discovery.search(
    view = search.Views.STIRS,
    filter = "RCSAssetCategoryLeaf xeq 'FX Cross Rate' and "     
             "RCSContributorType xeq 'sourceType:5' and " 
             "RCSFirstCurrencyLeaf xeq 'Euro'",
    select = "CommonName,RIC"
)

	CommonName	RIC
0	Euro/UK Pound Sterling FX Cross Rate	EURGBP=
1	Euro/Japanese Yen FX Cross Rate	EURJPY=
2	Euro/Swiss Franc FX Cross Rate	EURCHF=
3	Euro/Swedish Krona FX Cross Rate	EURSEK=
4	Euro/Norwegian Krone FX Cross Rate	EURNOK=
5	Euro/Canadian Dollar FX Cross Rate	EURCAD=
6	Euro/Australian Dollar FX Cross Rate	EURAUD=
7	Euro/New Zealand Dollar FX Cross Rate	EURNZD=
8	Euro/Polish Zloty FX Cross Rate	EURPLN=
9	Euro/Danish Krone FX Cross Rate	EURDKK=

There are 2 types of cross-rates: contributed and calculated.

Contributed Cross-Rates

Liquid cross-rates are usually contributed by financial institutions as indicative prices. You can find rates for specific instruments either in pages or in RICs. However, they are also available in lists by currency. For example, you can find liquid cross-rates on the British pound on the display GBPX1=.

# And by utilizing the Chain class to extract data for GBPX1=
chain = Chain("GBPX1=")

ld.get_data(chain.constituents, ["CF_BID", "CF_ASK", "CF_SOURCE", "CF_OPEN", "CF_HIGH", "CF_LOW", "CF_CLOSE"])

	Instrument	CF_BID	CF_ASK	CF_SOURCE	CF_OPEN	CF_HIGH	CF_LOW	CF_CLOSE
0	GBP=	1.3251	1.3255	BARCLAYS	<NA>	1.3285	1.3212	1.3232
1	GBPALL=	109.1	110.35	TIRANA BANK	<NA>	109.8	110.08	109.33
2	GBPAUD=	1.9095	1.9108	BARCLAYS	<NA>	1.9151	1.9096	1.9109
3	GBPBAM=	2.243	2.3043	RAIFFEISEN	<NA>	<NA>	<NA>	2.243
4	GBPBGN=	<NA>	<NA>	<NA>	<NA>	<NA>	<NA>	<NA>
5	GBPCAD=	1.8432	1.8443	BARCLAYS	<NA>	1.848	1.8408	1.8394
6	GBPCHF=	1.059	1.0597	BARCLAYS	<NA>	1.0602	1.056	1.056
7	GBPCNH=	9.1028	9.1033	RADA FOREX	<NA>	<NA>	<NA>	9.1028
8	GBPCNY=	9.092	9.103	BK OF CHINA	<NA>	9.108	9.0871	9.0793
9	GBPCZK=	28.0985	28.1119	BROKER	<NA>	28.152	28.1038	28.092
10	GBPDKK=	8.5614	8.5668	BARCLAYS	<NA>	8.5769	8.5617	8.5603
11	GBPEUR=	1.1452	1.1467	RAIFFEISENAL	<NA>	1.1477	1.1458	1.146
12	GBPHUF=	437.75	438.54	K&H BANK	<NA>	439.12	437.01	439.74
13	GBPISK=	164.6	165.02	ISLANDSBANKI	<NA>	165.56	164.94	165.35
14	GBPJPY=	211.73	211.89	BARCLAYS	<NA>	211.88	211.25	211.26
15	GBPKZT=	610.94	613.78	HALYKSAVINGS	<NA>	612.15	612.41	610.89
16	GBPNGN=	1836.3	1837.2	STD CHAR NIG	<NA>	1841.3	1833.2	1833.1
17	GBPNOK=	12.8175	12.822	DANSKE BANK	<NA>	12.8742	12.806	12.8385
18	GBPNZD=	2.3222	2.3243	BARCLAYS	<NA>	2.3229	2.3175	2.3145
19	GBPPLN=	4.8963	4.8977	ING BANK	<NA>	4.8997	4.8969	4.884
20	GBPRON=	5.8364	5.8441	GARANTI BANK	<NA>	5.8495	5.8408	5.8299
21	GBPRSD=	134.39	134.66	UNICREDIT	<NA>	134.64	134.52	134.43
22	GBPRUB=	103.4942	105.2701	IPAK YULI BA	<NA>	<NA>	<NA>	103.4942
23	GBPSEK=	12.5878	12.5971	SEB	<NA>	12.6222	12.5026	12.4912
24	GBPTHB=	43.149	43.248	BARCLAYS	<NA>	43.188	43.111	42.71
25	GBPUAH=	57.8853	57.9385	PRIVAT BANK	<NA>	<NA>	<NA>	57.8853
26	EURGBP=	0.8723	0.8728	SEB	<NA>	0.8728	0.8713	0.872
27	GBPAED=	<NA>	<NA>	<NA>	<NA>	<NA>	<NA>	<NA>
28	GBPBHD=	0.474	0.4742	CA-CIB	<NA>	<NA>	<NA>	0.474
29	GBPEGP=	72.3758	72.5831		<NA>	72.3758	71.0985	71.6201
30	GBPGHS=	14.5739	14.6081	STANCHART GH	<NA>	14.74	14.5607	14.518
31	GBPILS=	4.1643	4.1671	1ST INTL BK	<NA>	4.1823	4.1577	4.1573
32	GBPKWD=	0.386	0.387	CA-CIB	<NA>	0.386	0.387	0.4028
33	GBPMAD=	12.4094	12.4144	BMCE CAS	<NA>	12.4412	12.3771	12.4144
34	GBPOMR=	0.5079	0.5093	CEN BK OMAN	<NA>	0.5079	0.5086	0.5072
35	GBPQAR=	4.6826	4.6863		<NA>	<NA>	<NA>	4.6826
36	GBPSAR=	4.9626	4.9906	BARCLAYS	<NA>	4.9742	4.9808	4.9558
37	GBPZAR=	22.3307	22.3804	NEDBANK LTD	<NA>	22.3985	22.3079	22.2106

Calculated Cross-Rates

Calculated cross‑rates represent synthetic FX prices derived mathematically from two underlying spot legs. These are used when the market does not actively quote a contributed rate for a particular currency pair. These synthetic rates fill gaps in the market where no bank or liquidity provider contributes a direct quote for that currency pair, ensuring that a price is always available through the applicable triangular FX relationship.

For example, the synthetic cross‑rate GBPCHF=R:

is calculated from the contributed spot prices on:

• GBP/USD
• USD/CHF

For most FX cross‑rates, the synthetic value is derived through triangular arbitrage relationships. For GBPCHF=R, the calculation typically follows: $$ GBPCHF = GBPUSD \times USDCHF $$

The “=R” suffix originates from the long‑standing Reuters symbology for synthetic FX cross‑rates. Although the naming convention began in earlier Reuters products, it continues to be the standard and fully current way that calculated FX cross‑rates are published and accessed across LSEG platforms today.

# Calculated Cross-Rates for GBPCHF=R
ld.get_data("GBPCHF=R", ["CF_NAME", "CF_BID", "CF_ASK", "CTBTR_1", "CF_HIGH", "CF_LOW", "CF_CLOSE"])

	Instrument	CF_NAME	CF_BID	CF_ASK	CTBTR_1	CF_HIGH	CF_LOW	CF_CLOSE
0	GBPCHF=R	GBPound/SwissFr	1.0591	1.0595	Refinitiv	1.0601	1.0561	1.056

Deposits and Forwards

• Deposits represent short‑term money‑market rates quoted by contributors across standard tenors (e.g., O/N, T/N, 1W, 1M, 3M).
• Forwards are future‑dated FX contracts expressed as forward points relative to spot, and outright forward rates (spot ± points).

LSEG Workspace continues to support the long‑standing Reuters RIC conventions for retrieving deposit and forward rate information directly within the Quote window using RIC chains:

• GBPDEPO= — displays deposit rates for GBP
• GBPFWD= — displays forward points and outrights for GBP
• GBPF= — displays a combined view of deposits and forwards for GBP

These chain-based RICs remain the standard and widely used way to explore FX deposit and forward markets across currencies.

For forward‑curve analytics—such as settlement‑date rolls, interpolation/extrapolation settings, forward‑point construction, and composite versus contributor pricing—Workspace provides the FWDS application (FX Forwards Calculator). This app complements the chain view by offering analytical tools not available directly within the chain display.

Forwards

FX forwards are contracts that settle at a future date, typically quoted either as forward points relative to spot or as outright forward rates. In LSEG Workspace, forward instruments follow established Reuters RIC conventions that combine a currency code with a delivery-period code.

A forward RIC generally follows the format:

   EUR1M=
   │  │ └── Delimiter
   │  └──── Delivery period code (1M = one month)
   └─────── Currency code (EUR)

Typical delivery period codes are:

Code	Meaning	Code	Meaning
ON	Overnight	6M	Six months
TN	Tomorrow/Next	9M	Nine months
SN	Spot/Next	1Y	One year
SW	Spot/Week	2Y	Two years
1M	One month
2M	Two months
3M	Three months

# Extract Forward RIC for EUR - 1-month
ld.get_data("EUR1M=", ["CF_NAME", "CF_BID", "CF_ASK", "NETCHNG_1","CTBTR_1", "CTB_LOC1"])

	Instrument	CF_NAME	CF_BID	CF_ASK	NETCHNG_1	CTBTR_1	CTB_LOC1
0	EUR1M=	EURFWD=	17.52	17.62	1.27	STANCHART	SIN

As highligted in the opening of this section, exploring the collection of FX deposit and forward markets across currencies, users can utilize chains, such as GBPFWD= or EURFWD=. For example:

# Utilizing the Chain class to extract the list of forwards for EUR
chain = Chain("EURFWD=")

ld.get_data(chain.constituents, ["CF_BID", "CF_ASK", "CF_SOURCE", "CF_OPEN", "CF_HIGH", "CF_LOW", "CF_CLOSE"])

	Instrument	CF_BID	CF_ASK	CF_SOURCE	CF_OPEN	CF_HIGH	CF_LOW	CF_CLOSE
0	EURON=	0.5411	0.5471	STANDCHART	<NA>	1.302	-0.577	0.504
1	EURTN=	0.51	0.57	NAB	<NA>	0.557	0.539	0.559
2	EURSN=	0.546	0.55	LLOYDS BANK	<NA>	0.554	0.547	0.54
3	EURSW=	3.77	3.95	NAB	<NA>	3.87	3.85	3.77
4	EUR2W=	7.68	7.74	STANCHART	<NA>	7.73	7.71	7.63
5	EUR3W=	11.55	11.61	STANDCHART	<NA>	11.6	11.59	11.58
6	EUR1M=	17.52	17.62	STANCHART	<NA>	17.63	16.74	16.25
7	EUR2M=	32.52	32.89	BNP PARIBAS	<NA>	32.81	32.56	31.31
8	EUR3M=	46.59	47.25	BNP PARIBAS	<NA>	47.14	46.73	46.95
9	EUR4M=	60.42	60.71	COMMERZBANK	<NA>	61.51	60.62	61.5
10	EUR5M=	72.28	73.47	BNP PARIBAS	<NA>	73.51	72.63	73.39
11	EUR6M=	83.24	84.34	STANCHART	<NA>	85.06	83.89	84.93
12	EUR7M=	94.67	95.23	ING	<NA>	97.17	95.23	96.15
13	EUR8M=	104.55	106.63	BNP PARIBAS	<NA>	107.54	105.63	104.28
14	EUR9M=	117.17	118.83	STANCHART	<NA>	120.53	118.18	119.78
15	EUR10M=	127.0	127.75	COMMERZBANK	<NA>	131.21	127.63	130.45
16	EUR11M=	134.87	137.96	BNP PARIBAS	<NA>	140.18	136.74	138.02
17	EUR1Y=	143.03	149.43	SOC GENERAL	<NA>	151.59	146.54	151.11
18	EUR15M=	171.74	176.6	BNP PARIBAS	<NA>	180.32	174.91	177.29
19	EUR18M=	201.22	203.36	COMMERZBANK	<NA>	210.31	203.32	208.86
20	EUR21M=	226.73	230.49	STANCHART	<NA>	238.82	230.36	238.9
21	EUR2Y=	249.83	260.11	BNP PARIBAS	<NA>	267.67	256.77	266.45
22	EUR30M=	305.73	314.26	BOA	<NA>	321.34	311.99	261.25
23	EUR3Y=	356.71	375.62	STANDCHART	<NA>	386.1	369.72	378.67
24	EUR4Y=	472.57	497.36	STANDCHART	<NA>	517.27	488.8	499.07
25	EUR5Y=	595.24	625.7	STANDCHART	<NA>	652.71	615.9	628.12
26	EUR6Y=	722.0	781.0	ERSTE BANK	<NA>	793.25	753.0	737.0
27	EUR7Y=	853.0	922.0	ERSTE BANK	<NA>	925.77	890.0	877.0
28	EUR8Y=	1011.0	1026.0	COMMERZBANK	<NA>	1063.0	1026.0	1001.0
29	EUR9Y=	1145.0	1162.0	COMMERZBANK	<NA>	1205.0	1161.0	1144.0
30	EUR10Y=	1281.0	1300.0	COMMERZBANK	<NA>	1352.74	1300.0	1307.07

In addition to the standard delivery-period codes listed above, LSEG may capture additional forward maturities (e.g., 2W, 3W, 5M, 7M, 11M, 15M, 18M, 21M, and multi‑year tenors). These represent extended or contributor-specific forward instruments and are included in chain RICs such as EURFWD=.

Outright Forwards

FX forwards are typically quoted as forward points (relative to spot). The outright forward is the all‑in price (spot ± points).
You can request an outright directly by inserting OR before the =:

• RUB1MOR= — one‑month outright forward for RUB
• EUR3MOR= — three‑month outright forward for EUR

Notes

• A single RIC such as EUR1M= (without OR) is an outright instrument in many markets; contributors may publish both points and an outright field set.
• The OR form is useful where an explicit outright instrument is published and you want to retrieve it directly.

While outright forwards describe carrying a single currency pair to a future settlement date, many dealers also quote direct forward curves for cross‑currency pairs (not just USD legs). These contributor‑quoted FX forward curves reflect actual market pricing for the cross itself—including its liquidity, funding differentials, and regional money‑market conditions—rather than a synthetic value inferred from two USD‑related legs.

Contributed Cross Forwards

Directly contributed cross‑currency forward prices provide the dealer‑quoted forward curve for a given currency pair across short‑dated, standard, and extended maturities. Practitioners use them to observe how the cross is priced independently of synthetic construction, compare providers across maturities, and capture forward points and outright levels for valuation or analytics.

Example (EUR crosses):

• EURGBPFWD=
• EURJPYFWD=
• EURCHFFWD=
• EURNOKFWD=
• EURSEKFWD=
• EURPLNFWD=

(Analogous contributed forward curves exist for other actively traded crosses—e.g., GBP/JPY, CAD/CHF, AUD/NZD—subject to contributor coverage.)

Non‑Deliverable Forwards (NDFs)

Some currency markets primarily trade in non‑deliverable forwards (NDFs) rather than deliverable forwards. In these markets, forward pricing is published as non‑deliverable outright forwards rather than standard deliverable forward instruments.

If a currency does not show forward instruments using the standard forward conventions, it may be because the market quotes NDFs instead. In Workspace, NDF instruments can be discovered using Advanced Search under: FX & Money → Non‑Deliverable Forward

This view lists all available NDF outright instruments, including their contributor, maturity (e.g., 1W, 1M, 3M, 6M), and corresponding RICs.

These instruments can then be retrieved programmatically using the LSEG Data Library.

# Use Search to extract first 10 Non-deliverable Forwards (NDFs) RICs
# Note: Ignore 'Secondary Currency'
ld.discovery.search(
    view = search.Views.STIRS,
    filter = "RCSAssetCategoryLeaf xeq 'FX Non-Deliverable Forward Outright' and "     
             "RCSContributorType xeq 'sourceType:5'",
    select = "CommonName,RIC"
)

	CommonName	RIC
0	US Dollar/Chinese Renminbi FX Non-Deliverable ...	CNYNDFOR=
1	US Dollar/Indian Rupee FX Non-Deliverable Outr...	INRNDFOR=
2	US Dollar/Indonesian Rupiah FX Non-Deliverable...	IDRNDFOR=
3	US Dollar/Egyptian Pound FX Non-Deliverable Ou...	EGPNDFOR=
4	US Dollar/Taiwan Dollar FX Non-Deliverable Out...	TWDNDFOR=
5	US Dollar/Malaysian Ringgit FX Non-Deliverable...	MYRNDFOR=
6	US Dollar/Korean Won FX Non-Deliverable Outright	KRWNDFOR=
7	US Dollar/Philippine Peso FX Non-Deliverable O...	PHPNDFOR=
8	US Dollar/Brazilian Real FX Non-Deliverable Ou...	BRLNDFOR=
9	US Dollar/Vietnam Dong FX Non-Deliverable Outr...	VNDNDFOR=

FX Forwards Calculator (FWDS)

In addition to individual forward RICs and chain displays, Workspace provides the FX Forwards Calculator (FWDS), a forward‑curve analytics application.

FWDS allows you to:

• view forward points and outright forwards across standard and broken‑date periods
• switch between contributor‑specific and composite curves
• apply holiday and settlement‑date roll conventions
• build custom date schedules
• examine the forward curve visually and numerically

Unlike a chain RIC (e.g., GBPFWD=), FWDS is not a list of instruments; it is an interactive calculator that derives the forward curve using market spot rates, swap points, and date rules.

Deposits

Deposit rates represent the cost of borrowing or lending money in the short‑term money markets. They reflect the interest rate that banks quote for unsecured deposits over standard maturities such as overnight (ON), tomorrow‑next (TN), one week (1W), one month (1M), three months (3M), and so on. These instruments form the foundation of the short‑end of the yield curve and are widely used for pricing money‑market products, constructing curves, and benchmarking other interest‑rate instruments.

To construct a deposit RIC, you need the following components:

   EUR1MD=
   │  |└───  Deposit code (MD = Money Market Deposit)
   │  └────  Delivery period code (1M = one month)
   └──────── Currency code (EUR)


![deposit quote](/img/chapter06//depquote.png)


```python
# Extract Deposit RIC for EUR - 1-month
ld.get_data("EUR1MD=", ["CF_NAME", "CF_BID", "CF_ASK", "CF_HIGH", "CF_LOW", "OPEN_PRC", "CF_CLOSE","BKGD_REF"])

	Instrument	CF_NAME	CF_BID	CF_ASK	CF_HIGH	CF_LOW	OPEN_PRC	CF_CLOSE	BKGD_REF
0	EUR1MD=	UNICREDIT BEG	1.9	2.2	2.06	1.95	1.9	1.9	<EURDEPO=>

The same delivery periods apply as to forwards. Deposit RICs can be found by utilizing Workspace Search. For example, below is a search for RICs based on the currency code (EUR):

# Use Search to extract first 10 Deposit RICs based on the (EUR) currency
ld.discovery.search(
    view = search.Views.STIRS,
    filter = "RCSAssetCategoryLeaf xeq 'Wholesale Deposit' and "     
             "RCSContributorType xeq 'sourceType:5' and "
             "RCSFirstCurrencyLeaf xeq 'Euro'",
    select = "CommonName,RIC"
)

	CommonName	RIC
0	Euro Deposit	EURDEPO=
1	Euro Deposit Rates	0#EURD=
2	Euro Deposit	EURDEPO=DE
3	Euro Deposit	EURD=X
4	Euro Deposit	EURDEPO=EU
5	Euro 1 Month Deposit	EUR1MD=
6	Euro 3 Month Deposit	EUR3MD=
7	Euro 6 Month Deposit	EUR6MD=
8	Euro Overnight Deposit	EUROND=
9	Euro 1 Year Deposit	EUR1YD=

Forward Rate Agreements (FRAs)

Forward Rate Agreements (FRAs) are over‑the‑counter contracts that lock in an interest rate for a future borrowing or lending period. Rather than starting immediately, an FRA begins at a specified point in the future (the start month) and applies to a fixed tenor ending at a later expiry month. For example, a 3x6 FRA represents a contract that begins 3 months from today and ends 6 months from today—covering a 3‑month interest period. FRAs are commonly used to manage short‑term interest‑rate exposure, hedge future funding costs, or derive expectations of forward interest rates along the money‑market curve.

Forward rate agreements are built in the following way:

   EUR3X6F=
   │  │ │└─── FRA identifier (“F”)
   │  │ └──── Expiry month (6 = six months from today)
   |  └────── Start month (3 = three months from today)
   └────────── Currency code (EUR)

# Extract FRA for EUR...
ld.get_data("EUR3X6F=", ["CF_BID", "CF_ASK", "CF_HIGH", "CF_LOW", "OPEN_PRC", "CF_CLOSE","BKGD_REF"])

	Instrument	CF_BID	CF_ASK	CF_HIGH	CF_LOW	OPEN_PRC	CF_CLOSE	BKGD_REF
0	EUR3X6F=	2.603	2.609	2.613	2.57	2.52	2.522	<EURFRA>

FRA RICs can be found by utilizing Workspace Search. For example, below is a search for RICs based on the currency code (EUR):

# Use Search to extract first 10 FRAs for (EUR) currency
ld.discovery.search(
    view = search.Views.STIRS,
    filter = "SearchAllCategory eq 'OTC Interest Rate Derivatives' and "
             "RCSAssetCategoryLeaf xeq 'Forward Rate Agreement' and "
             "RCSFirstCurrencyLeaf xeq 'Euro'",
    select = "CommonName,RIC"
)

	CommonName	RIC
0	Euro Forward Rate Agreement	EURFRA
1	Euro 3 Month Forward Rate Agreement	EUR3MFRA=
2	Euro 6 Month Forward Rate Agreement	EUR6MFRA=
3	Multiple Currencies Forward Rate Agreement	TOPFRA
4	Euro 3MX6M Forward Rate Agreement	EUR3X6F=
5	Euro 6MX9M Forward Rate Agreement	EUR6X9F=
6	Euro 1MX4M Forward Rate Agreement	EUR1X4F=
7	Euro 2MX5M Forward Rate Agreement	EUR2X5F=
8	Euro 4MX7M Forward Rate Agreement	EUR4X7F=
9	Euro 5MX8M Forward Rate Agreement	EUR5X8F=

Swaps

Interest‑rate swaps and basis swaps are core derivatives used to manage interest‑rate exposure, align funding costs across markets, and price fixed‑income and money‑market structures. A swap is an agreement between two parties to exchange cash flows based on predefined interest‑rate terms over a specified maturity.

Swaps in the money‑market context generally fall into two broad categories:

Interest-Rate Swaps (IRS)

Interest‑rate swaps (IRS) allow two parties to exchange interest‑rate cash flows in a single currency, typically exchanging a fixed rate for a floating benchmark such as EURIBOR, SOFR, SONIA, or TONA. These instruments are widely used for hedging, curve construction, pricing, and interest‑rate risk management.

Because swap markets span many currencies, indices, quoting conventions, and maturities, IRS instruments do not follow a single universal RIC structure. Instead, they tend to appear in families—groups of related swap instruments that share a common currency and floating‑rate index (for example, EURIBOR 1M or SOFR 3M). Within each family, you will find the individual RICs representing specific maturities (e.g., 1M, 3M, 2Y, 5Y, 10Y, etc.).

The most practical way to begin locating IRS RICs is to use Workspace Search to identify the relevant family first, and then select the specific maturity you need from that family.

# Use Search to extract first 10 IRS family of RICs for (EUR) currency
ld.discovery.search(
    view = search.Views.STIRS,
    filter = "SearchAllCategory eq 'OTC Interest Rate Derivatives' and "
             "IsPrimaryChain eq true and "
             "RCSAssetCategoryLeaf xeq 'Interest Rate Swap' and "
             "RCSFirstCurrencyLeaf xeq 'Euro'",
    select = "CommonName,RIC"
)

	CommonName	RIC
0	Euro Interest Rate Swap	EURIRS
1	Euro 3 Month Interest Rate Swap	EUR3MIRS
2	Euro Annual Bond 6 Month Euribor Interest Rate...	EURAB6EIRS=
3	Euro 1 Month Interest Rate Swap	EUR1MIRS
4	Euro Annual Bond 3 Month Euribor Interest Rate...	EURAB3EIRS=
5	Euro Annual Money 1 Month Euribor Interest Rat...	EURAM1EIRS=
6	Euro Annual Bond 3 Month Euribor Interest Rate...	EURIRS3M=ICAP
7	Euro Annual Money 6 Month Euribor Interest Rat...	EURIRS6E=TKFX
8	Euro ESTR MAC Quarter 2 LCH Interest Rate Swap	EUREMACL2=TWEB
9	Euro Annual Bond 3 Month Euribor Interest Rate...	EURIRSM=

Basis Swaps

Basis swaps involve exchanging floating‑rate interest payments, either within the same currency or across two different currencies. Each leg references its own money‑market benchmark (such as SOFR, EURIBOR, SONIA, or TONA), and the difference between the two floating legs forms the “basis.” These instruments play a central role in managing funding spreads, aligning liabilities across currencies, and handling cross‑market interest‑rate exposures.

Because basis swaps cover a wide range of currency pairs, indices, and maturities, there is no single uniform naming structure for the corresponding RICs. The most practical way to explore available basis‑swap instruments is simply to start with Workspace Search and then refine by the currency pair or maturity you’re interested in.

# Use Search to extract first 10 Basis family of RICs...
ld.discovery.search(
    view = search.Views.STIRS,
    filter = "SearchAllCategory eq 'OTC Interest Rate Derivatives' and "
             "IsPrimaryChain eq true and "
             "RCSAssetCategoryLeaf xeq 'Basis Swap'",
    select = "CommonName,RIC"
)

	CommonName	RIC
0	US Dollar SOFR vs 3 Month BSBY Basis Swap	USDSR3BYBS=TDS
1	US Dollar SOFR vs 3M Libor IMM Basis Swap	USDSR3LIMM=FMD
2	US Dollar 1 Year Basis Swap	USDSRFFBS=TWEB
3	US Dollar SOFR vs Fed Funds Basis Swap	USDSRFFBSIM=FMD
4	Euro 1 Month Euribor vs 3 Month Euribor Basis ...	EUR1E3EBS=TWEB
5	US Dollar SOFR vs Fed Funds Basis Swap	USDSRFFBS=
6	Euro ESTR vs 3 Month Euribor Basis Swap	EUES3EBSIM=BGCP
7	Euro Eonia vs 3 Month Euribor Basis Swap	EUEON3EBS=TWEB
8	Euro Eonia vs 3 Month Euribor Basis Swap	EURONE3EBS=TRDL
9	Euro Eonia vs 3 Month Euribor Basis Swap	EUREON3EBS=FMD

Zero Curves

Zero‑coupon curves are foundational tools used in pricing, discounting, and interest‑rate risk management. A zero curve represents the set of discount rates for specific maturities, derived from observable market instruments such as money‑market rates and interest‑rate swaps. These curves allow you to compute present values, forward rates, and risk measures across the entire term structure.

In Workspace, zero curves are provided as organized families, typically one per currency. Each family contains the full set of maturities that make up the curve (short‑dated out to long‑dated pillars). These curve families are accessed using dedicated identifiers or chain RICs.

# Use Search to extract first 10 Zero Curve family of RICs...
ld.discovery.search(
    view = search.Views.YIELD_CURVE_CONT_QUOTES,
    filter = "SearchAllCategoryv2 eq 'Zero Curves'",
    select = "CommonName,RIC"
)

	CommonName	RIC
0	US Dollar SB 1 Yr LIBOR OIS Discounted Zero Co...	0#USDSBALDZ=R
1	Markit US Dollar SB 3M Libor Zero Coupon Curve	0#USDSBQLMPZ=R
2	US Dollar SB 6M Libor Zero Coupon Yield Curve	0#USDSBSLZ=R
3	US Dollar SB 3M Libor Zero Coupon Yield Curve	0#USDSBQLZ=R
4	US Dollar Zero Coupon Yield Curve	0#USDZ=R
5	US Dollar 4PM Zero Yield Curve	0#USDZ4PM=R
6	US Dollar 4PM SOFR OIS Zero Coupon Yield Curve	0#USDSROISZ4PM=R
7	United states Government 1 Month Forward Bench...	0#USGOV1MFBMK=R
8	FED Interest Rate Probability Curve	0#FEDWATCHZ=R
9	US Dollar SB 1M Libor Zero Coupon Yield Curve	0#USDSBMLZ=R

Volatilities

Volatilities measure the expected variability of an underlying financial instrument over time and form a core input into option pricing, risk management, and scenario analysis. In financial markets, volatility surfaces exist across multiple asset classes, reflecting how implied volatility varies by maturity, strike, and market convention. Workspace provides access to a wide range of volatility datasets, contributed by dealers, brokers, and exchanges, which can be explored and retrieved using the Search panel or programmatically using the LSEG Data Library.

FX Volatilities

Foreign‑exchange volatilities represent the implied volatility of FX options across different currency pairs, tenors, and strike structures. These vol datasets often include market conventions such as at‑the‑money volatilities, risk‑reversal quotes, and butterfly structures, all commonly used for pricing and hedging FX options. In Workspace, FX volatilities can be discovered directly through Search by exploring the FX options volatility universe and refining by currency pair or volatility type.

The following code segment applies the above default filter:

# Use Search to extract first 10 FX Volatility RICs...
ld.discovery.search(
    view = search.Views.STIRS,
    filter = "SearchAllCategory eq 'FX & Money' and "
             "(RCSAssetCategory xeq 'A:KB' or RCSAssetCategory xeq 'A:KD' or "
             "RCSAssetCategory xeq 'A:KG' or RCSAssetCategory xeq 'A:KE' or "
             "RCSAssetCategory xeq 'A:KH') and "
             "(RCSFirstCurrencyLeaf eq 'Euro' and RCSSecondCurrencyLeaf eq 'US Dollar') and "
             "RCSContributorType xeq 'sourceType:5'",
    select = "CommonName,RIC,RCSAssetCategoryLeaf"
)

	CommonName	RIC	RCSAssetCategoryLeaf
0	Euro/US Dollar 25 Delta Risk Reversal	EURRR25=	25 Delta Risk Reversal
1	Euro/US Dollar ATM Option	EURVOLO=	FX At-The-Money Option
2	Euro/US Dollar 25 Delta Butterfly	EURBF25=	25 Delta Butterfly
3	Euro/US Dollar 10 Delta Risk Reversal	EURRR10=	10 Delta Risk Reversal
4	Euro/US Dollar 1 Month ATM Option	EUR1MO=	FX At-The-Money Option
5	Euro/US Dollar 3 Month ATM Option	EUR3MO=	FX At-The-Money Option
6	Euro/US Dollar 2 Month ATM Option	EUR2MO=	FX At-The-Money Option
7	Euro/US Dollar 1 Year ATM Option	EUR1YO=	FX At-The-Money Option
8	Euro/US Dollar 6 Month ATM Option	EUR6MO=	FX At-The-Money Option
9	Euro/US Dollar Spot Week ATM Option	EURSWO=	FX At-The-Money Option

Interest Rate Volatilities

Interest‑rate volatilities include the volatility surfaces associated with:

• Caps & floors
• Swaptions

These datasets capture how implied volatility varies across option maturities and underlying swap tenors, forming the basis for pricing interest‑rate derivatives and managing rate‑volatility exposure. Workspace provides access to a broad set of interest‑rate volatility instruments, which can be found via Search under the appropriate interest‑rate derivatives categories and further refined as needed.

For example, the following filter can be provided to pull down "Caps & floors" interest-rate volatilities:

# Programmatic discovery — Caps/Floors vol instruments (same scope as screenshot)
ld.discovery.search(
    view = search.Views.STIRS,
    filter = "IsPrimaryChain eq true and "
             "SearchAllCategory eq 'OTC Interest Rate Derivatives' and "
             "RCSAssetCategoryLeaf xeq 'Interest Rate Cap / Floor'",
    select = "CommonName,RIC"
)

	CommonName	RIC
0	US Dollar SOFR ATM Caps/Floors	USDSRCAPATM=ICAP
1	US Dollar SOFR ATM Caps/Floors	USDSRCAPATM=TRDL
2	EURO ESTR ATM Caps/Floors	EURESCAPATM=TRDL
3	EURO ESTR Positive Caps/Floors	EURESCAPV=FMD
4	UK Pound Sterling SONIA Cap/Floor	GBPSOCAPV=TRDL
5	UK Pound Sterling SONIA ATM Cap/Floor	GBPSOCAPATM=TRDL
6	UK Pound Sterling SONIA ATM Cap/Floor	GBPSOCAPATM=FMD
7	Singapore Dollar Cap/Floor	SGDCAPV=GFIS
8	Singapore Dollar Cap/Floor	SGDCAP=GFIS
9	Swiss Franc SARON Wedge Caps/Floors	CHSAWEDGE=ICAP

Fixings

Fixings are published reference rates used across financial markets for valuation, settlement, index construction, and benchmarking. These rates are typically set at scheduled times by central banks, industry associations, or benchmark administrators, and include widely used reference rates such as EURIBOR, SONIA, SOFR, and various official spot‑rate fixings.

In Workspace, fixings can be located directly using Search, which allows users to refine by currency, rate name, contributor, or fixing type. Most workflows simply begin with Search and then apply the appropriate filters as needed. Although not required, the following Workspace apps can optionally assist users who prefer a curated or dashboard‑style view of money‑market and rates content.

App	How It’s Relevant	What Users Can Do With It
Fixings	Purpose-built workspace for browsing reference-rate fixings by currency or interest-rate family.	Select source, pair/index, date, tenor and fixing type; view intraday schedules and historical values; export or jump to related pages.
RVMM (Rates Views – Money Market)	Consolidated dashboard of short‑end rates such as deposits, OIS, SOFR, SONIA, and related benchmarks.	Monitor common fixings alongside other money‑market instruments; compare moves intraday; navigate to benchmark details.
RMMG (Rates & Money Markets Guides)	Navigation hub that links to rates and money‑market tools, including areas where benchmark fixings are accessed.	Discover related apps and jump to benchmark resources that complement fixing workflows.

When working with fixings in Workspace, one practical approach is to focus on a specific benchmark family and apply only the filters needed to return a well‑defined set of benchmark rates. In this example, the goal is simply to retrieve WM‑contributed FX forward fixings for a single currency pair. By selecting FX & Money as the universe, filtering to the WM Rates contributor, and narrowing by currency pair, Workspace presents the available benchmark forward fixings for that pair without requiring any deeper knowledge of fixing conventions. This provides a clean, controlled subset of instruments that can be reproduced programmatically using the same filtering logic.

# Programmatic discovery — Fixings
ld.discovery.search(
    view = search.Views.STIRS,
    filter = "SearchAllCategory xeq 'FX & Money' and "
             "RCSAssetCategoryLeaf xeq 'FX Forward Benchmark EOD' and "
             "RCSFirstCurrencyLeaf eq 'Japanese Yen' and RCSSecondCurrencyLeaf eq 'US Dollar'",
    select = "CommonName,RIC"
)

	CommonName	RIC
0	Japanese Yen/US Dollar WMR 10 AM Tokyo OR FWD ...	JPYUSDORTK10=WM
1	Japanese Yen/US Dollar 3 Month FX Forward Benc...	JPYUSD3MFIXTK10=WM
2	Japanese Yen/US Dollar Overnight FX Forward Be...	JPYUSDONFIXMTK10=WM
3	Japanese Yen/US Dollar 1 Month FX Forward Benc...	JPYUSD1MFIXTK10=WM
4	Japanese Yen/US Dollar 6 Month FX Forward Benc...	JPYUSD6MFIXMTK10=WM
5	Japanese Yen/US Dollar 5 Year FX Forward Bench...	JPYUSD5YFIXMTK10=WM
6	Japanese Yen/US Dollar 3 Month FX Forward Benc...	JPYUSD3MORMTK10=WM
7	Japanese Yen/US Dollar 6 Month FX Forward Benc...	JPYUSD6MFIXTK10=WM
8	Japanese Yen/US Dollar Spot Week FX Forward Be...	JPYUSDSWFIXTK10=WM
9	Japanese Yen/US Dollar 2 Year FX Forward Bench...	JPYUSD2YFIXMTK10=WM

The example above shows a complete workflow for retrieving one type of fixing using both the Workspace Search app and the Search API. The table below highlights additional categories that users commonly look for. Each row provides a brief description of how that category typically appears in Workspace and then lists the search terms appropriate for either Workspace Search or the Search API, depending on which method is better suited for that dataset. Users can follow the same pattern shown in the example—starting with the high‑level guidance in the table and refining their search as needed.

Criteria	How it’s Relevant	Search Terms
FX Benchmarks (WMR)	• Standard FX spot & forward fixings used for valuation, reporting, and benchmark alignment. • In Workspace, typing “WMR” or “WM Rates” exposes these benchmark families and their constituents.	Workspace Search: • Universe: FX & Money → All • Contributor: WM Rates • Instrument Type: FX Spot Benchmarks or FX Forward Benchmark EOD • Currency / Second Currency: select pair (e.g., JPY / USD) • Optional: filter by fixing window (e.g., “TK10”)
Overnight / Term RFR Benchmarks	• Risk‑free reference rate benchmarks (e.g., Term SONIA, Term €STR) used in pricing and fallback workflows. • In Workspace, typing “SONIA” or “ESTR/€STR” surfaces these families; opening them displays tenor instruments (e.g., 1M/3M/6M/1Y).	Workspace Search: • Universe: Benchmarks & Curves → All Curves • Keyword: “SONIA”, “ESTR/€STR” • Contributor: FTSE • Currency: e.g., British Pound (for Term SONIA) • RIC Type: Quote
Swap‑Rate Benchmarks (ICE Swap Rate)	• Regulated swap‑rate fixing sets (e.g., USD SOFR, GBP SONIA, EUR €STR) published as per‑tenor quotes. • In Workspace, typing “ICE Swap” displays the swap‑rate family and its tenors as grouped results (even though no chain instrument exists).	Search API: • Filter on:   – IsChain ne true   – StructureCommonName xeq 'US Dollar SOFR Ice Swap Rate'

Current List of All Currency Codes for Spot Rates

A

Currency	RIC	Currency	RIC	Currency	RIC
Afghan Afghani	AFN=	Albanian Lek	ALL=	Algerian Dinar	DZD=
Angolan Kwanza	AOA=	Argentine Peso	ARS=	Armenian Dram	AMD=
Aruban Florin	AWG=	Australian Dollar	AUD=	Azerbaijani Manat	AZN=
East Caribbean Dollar (Antigua & Barbuda)	XCD=	East Caribbean Dollar (Anguilla)	XCD=	Andorran Euro	EUR=
Euro (Åland Islands)	EUR=	US Dollar (American Samoa)	USD=

B

Currency	RIC	Currency	RIC	Currency	RIC
Bahamian Dollar	BSD=	Bahraini Dinar	BHD=	Bangladeshi Taka	BDT=
Barbadian Dollar	BBD=	Belarusian Ruble	BYN=	Belize Dollar	BZD=
Bermudian Dollar	BMD=	Bhutanese Ngultrum	BTN=	Boliviano	BOB=
Bosnia & Herzegovina Convertible Mark	BAM=	Botswana Pula	BWP=	Brazilian Real	BRL=
Brunei Dollar	BND=	Bulgarian Lev	BGN=	Burundian Franc	BIF=

C

Currency	RIC	Currency	RIC	Currency	RIC
Cabo Verde Escudo	CVE=	Cambodian Riel	KHR=	Canadian Dollar	CAD=
Central African CFA Franc (BEAC)	XAF=	Cayman Islands Dollar	KYD=	Chilean Peso	CLP=
Chinese Yuan (Renminbi)	CNY=	Colombian Peso	COP=	Comorian Franc	KMF=
Congolese Franc (DRC)	CDF=	Costa Rican Colón	CRC=	Croatian Euro	EUR=
Cuban Peso	CUP=	Curaçao/Caribbean Guilder*	ANG=	Czech Koruna	CZK=

D

Currency	RIC	Currency	RIC	Currency	RIC
Danish Krone	DKK=	Djiboutian Franc	DJF=	Dominican Peso	DOP=

E

Currency	RIC	Currency	RIC	Currency	RIC
Egyptian Pound	EGP=	Eritrean Nakfa	ERN=	Estonian Euro	EUR=
Ethiopian Birr	ETB=	Euro (euro area)	EUR=	US Dollar (Ecuador)	USD=

F

Currency	RIC	Currency	RIC	Currency	RIC
Falkland Islands Pound	FKP=	Fijian Dollar	FJD=	CFP Franc (XPF)	XPF=
Finnish Euro	EUR=	French Euro	EUR=	Faroese Danish Krone	DKK=

G

Currency	RIC	Currency	RIC	Currency	RIC
Gabon — CFA Franc (BEAC)	XAF=	Gambian Dalasi	GMD=	Georgian Lari	GEL=
Ghanaian Cedi	GHS=	Gibraltar Pound	GIP=	Guatemalan Quetzal	GTQ=
Guinean Franc	GNF=	Guyanese Dollar	GYD=

H

Currency	RIC	Currency	RIC	Currency	RIC
Haitian Gourde	HTG=	Honduran Lempira	HNL=	Hong Kong Dollar	HKD=
Hungarian Forint	HUF=

I

Currency	RIC	Currency	RIC	Currency	RIC
Icelandic Króna	ISK=	Indian Rupee	INR=	Indonesian Rupiah	IDR=
Iranian Rial	IRR=	Iraqi Dinar	IQD=	Israeli New Shekel	ILS=

J

Currency	RIC	Currency	RIC	Currency	RIC
Jamaican Dollar	JMD=	Japanese Yen	JPY=	Jordanian Dinar	JOD=

K

Currency	RIC	Currency	RIC	Currency	RIC
Kazakhstani Tenge	KZT=	Kenyan Shilling	KES=	Kuwaiti Dinar	KWD=
Kyrgyzstani Som	KGS=

L

Currency	RIC	Currency	RIC	Currency	RIC
Lao Kip	LAK=	Lebanese Pound	LBP=	Lesotho Loti	LSL=
Liberian Dollar	LRD=	Libyan Dinar	LYD=

M

Currency	RIC	Currency	RIC	Currency	RIC
Macanese Pataca	MOP=	Malagasy Ariary	MGA=	Malawian Kwacha	MWK=
Malaysian Ringgit	MYR=	Maldivian Rufiyaa	MVR=	Mauritanian Ouguiya	MRU=
Mauritian Rupee	MUR=	Mexican Peso	MXN=	Moldovan Leu	MDL=
Mongolian Tögrög	MNT=	Moroccan Dirham	MAD=	Mozambique Metical	MZN=
Myanmar Kyat	MMK=

N

Currency	RIC	Currency	RIC	Currency	RIC
Namibian Dollar	NAD=	Nepalese Rupee	NPR=	Netherlands Antillean Guilder	ANG=
New Zealand Dollar	NZD=	Nicaraguan Córdoba	NIO=	Nigerian Naira	NGN=
North Macedonian Denar	MKD=	Norwegian Krone	NOK=

O

Currency	RIC	Currency	RIC	Currency	RIC
Omani Rial	OMR=

P

Currency	RIC	Currency	RIC	Currency	RIC
Pakistani Rupee	PKR=	Panamanian Balboa	PAB=	Papua New Guinean Kina	PGK=
Paraguayan Guaraní	PYG=	Peruvian Sol	PEN=	Philippine Peso	PHP=
Polish Złoty	PLN=

Q

Currency	RIC	Currency	RIC	Currency	RIC
Qatari Riyal	QAR=

R

Currency	RIC	Currency	RIC	Currency	RIC
Romanian Leu	RON=	Russian Ruble	RUB=	Rwandan Franc	RWF=

S

Currency	RIC	Currency	RIC	Currency	RIC
Saint Helena Pound	SHP=	Samoan Tālā	WST=	São Tomé & Príncipe Dobra	STN=
Saudi Riyal	SAR=	Serbian Dinar	RSD=	Seychellois Rupee	SCR=
Sierra Leonean Leone	SLE=	Singapore Dollar	SGD=	Solomon Islands Dollar	SBD=
Somali Shilling	SOS=	South African Rand	ZAR=	South Korean Won	KRW=
South Sudanese Pound	SSP=	Sri Lankan Rupee	LKR=	Sudanese Pound	SDG=
Surinamese Dollar	SRD=	Swedish Krona	SEK=	Swiss Franc	CHF=
Syrian Pound	SYP=

T

Currency	RIC	Currency	RIC	Currency	RIC
New Taiwan Dollar	TWD=	Tajikistani Somoni	TJS=	Tanzanian Shilling	TZS=
Thai Baht	THB=	Tongan Paʻanga	TOP=	Trinidad & Tobago Dollar	TTD=
Tunisian Dinar	TND=	Turkish Lira	TRY=	Turkmenistan Manat	TMT=

U

Currency	RIC	Currency	RIC	Currency	RIC
Ugandan Shilling	UGX=	Ukrainian Hryvnia	UAH=	UAE Dirham	AED=
British Pound Sterling	GBP=	US Dollar	USD=	Uruguayan Peso	UYU=
Uzbekistani Som	UZS=

V

Currency	RIC	Currency	RIC	Currency	RIC
Vanuatu Vatu	VUV=	Venezuelan Bolívar	VES=	Vietnamese Đồng	VND=

W

Currency	RIC	Currency	RIC	Currency	RIC
(No current ISO‑4217 currencies begin with W)

X

Currency	RIC	Currency	RIC	Currency	RIC
CFA Franc (BCEAO – West Africa)	XOF=	CFA Franc (BEAC – Central Africa)	XAF=	CFP Franc	XPF=
East Caribbean Dollar	XCD=	(Special Drawing Rights) SDR	XDR=

Y

Currency	RIC	Currency	RIC	Currency	RIC
Yemeni Rial	YER=

Z

Currency	RIC	Currency	RIC	Currency	RIC
Zambian Kwacha	ZMW=	Zimbabwean Dollar (ZWL)	ZWL=

In Brief: Foreign Exchange and Money Markets

FX and money‑market instrument RICs in Workspace follow a consistent, structured pattern. All FX‑related RICs begin with ISO 4217 currency codes, followed by additional components that specify tenor, delivery period, instrument type, and (optionally) a contributing institution.

For instruments derived from currency pairs, the RIC begins with the base currency + quote currency. Additional elements such as tenors (e.g., 1W, 1M, 3M, 6M), delivery codes, delimiters, and contributor mnemonics are appended in a prescribed order.

For example, consider the RIC: EURJPY6M=COBA

Component	Example	Description
Base currency (ISO 4217)	EUR	First currency in the pair (the “base”).
Quote currency (ISO 4217)	JPY	Second currency in the pair (the “quote”).
Tenor length	6	Numeric tenor amount (e.g., 1, 2, 3, 6, 12).
Tenor unit	M	W = weeks, M = months, Y = years.
Delimiter	-	Hyphen used for the forward/forward‑swap family in current listings.
Contributor code (optional)	COBA	Market‑maker / venue mnemonic appended after the hyphen (e.g., COBA, ICAP).

# Calculated Cross-Rates for GBPCHF=R
ld.get_data("EURJPY6M=COBA", ["CF_BID", "CF_ASK", "CTBTR_1"])

	Instrument	CF_BID	CF_ASK	CTBTR_1
0	EURJPY6M=COBA	-147.05	-144.75	COMMERZBANK

In Brief: Foreign Exchange and Money Markets examples

Market	Chain RICs	Super RIC	Contributor RIC
Spot rates	EFX= AFX= NFX=	EUR=	EUR=BARL
Cross rates	EUR= EURX1=	EURCHF=	EURCHF=BARL
Forward rates	EURF=	EUR1M=	EUR1M=TTKL
Deposit rates	DM= EURF=	EUR1MD=	EUR1MD=TTKL
FRAs	TOPFRA	EUR1X4F=	EUR1X4F=TTKL