Libor
Sign in to savethumb|upright=1.2|Libor gets its name from the City of London.
Article
26 sectionsContents
- Introduction
- Scope
- Definition
- Technical features
- Calculation
- Currency
- Maturities
- Libor-based derivatives
- Libor futures
- Interest rate swaps
- Reliability and scandal
- Criminal investigations
- Aftermath
- Reforms
- LIBOR cessation and alternatives available
- Alternatives for the USD LIBOR
- Alternative Reference Rates Committee
- Secured Overnight Financing Rate
- Across-the-Curve Credit Spread Indices (AXI)
- Ameribor
- U.S. Dollar ICE Bank Yield Index
- Alternatives for Yen LIBOR
- See also
- Further reading
- References
- External links
thumb|upright=1.2|Libor gets its name from the City of London.
The London Inter-Bank Offered Rate (Libor ) was an interest rate average calculated from estimates submitted by the leading banks in London. Each bank estimated what it would be charged were it to borrow from other banks. It was the primary benchmark, along with the Euribor, for short-term interest rates around the world. Libor was phased out at the end of 2021, with market participants encouraged to transition to risk-free interest rates such as SOFR and SARON.