Hi,
I'm looking for any AUD swaps experst out here. My question: In a standard AUD fix-float swaps, how many days prior to each period's start does the AUD-LIBOR rate fix? According to Marc Henrard's convention guide it's -1D. However, all our AUD swaps (admittingly we only have very few of them) have 0D - even the ones coming throug MarkitWire (so I would consider this information to be reliable).
So what is the standard? -1D or 0D?
Thanks,
Bernd