LIBOR

E364312

LIBOR (London Interbank Offered Rate) is a now-discontinued global benchmark interest rate that reflected the average rate at which major banks lent to one another in the short-term unsecured interbank market across multiple currencies and maturities.

All labels observed (6)

How this entity was disambiguated

Statements (58)

Predicate Object
instanceOf financial index
interest rate benchmark
reference rate
abbreviationOf LIBOR self-linksurface differs
surface form: London Interbank Offered Rate
administeredBy ICE
surface form: ICE Benchmark Administration
associatedWith LIBOR manipulation scandal
global financial crisis of 2007–2008
basedOn unsecured interbank lending rates
calculationMethod trimmed average of panel bank submissions
category interest rate benchmarks
currencyScope multicurrency benchmark
denominatedIn Pound sterling
surface form: British pound sterling

Japanese yen
Swiss franc
US dollar
euro
multiple currencies
discontinuationReason benchmark reform
manipulation scandals
regulatory concerns
fullName LIBOR self-linksurface differs
surface form: London Interbank Offered Rate
geographicScope global
locationOrigin London, England
surface form: London
marketType short-term money market
unsecured interbank market
maturityTenor one month
one week
overnight
six months
three months
twelve months
two months
panelComposition major global banks
previouslyAdministeredBy British Bankers' Association
surface form: British Bankers’ Association
regionReplacedBy Euro area Euro Short-Term Rate
Japan Tokyo Overnight Average Rate
Switzerland Swiss Average Rate Overnight
United Kingdom Sterling Overnight Index Average
SOFR
surface form: United States Secured Overnight Financing Rate
regulatorInvolved Financial Conduct Authority
replacedBy SARON
SOFR
SONIA
TONA
€STR
riskType credit risk component
liquidity risk component
status discontinued
timePeriod late 20th century to early 21st century
usedFor benchmarking corporate loans
benchmarking mortgages
benchmarking student loans
benchmarking syndicated loans
pricing derivatives
pricing floating rate notes
pricing interest rate swaps
pricing loans
valuation of financial instruments

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Referenced by (10)

Full triples — surface form annotated when it differs from this entity's canonical label.

LIBOR fullName LIBOR self-linksurface differs
this entity surface form: London Interbank Offered Rate
LIBOR abbreviationOf LIBOR self-linksurface differs
this entity surface form: London Interbank Offered Rate
London interbank market relatedConcept LIBOR
this entity surface form: London Interbank Offered Rate
SOFR replaced LIBOR
this entity surface form: USD LIBOR in many new contracts
CME Term SOFR replaces LIBOR
this entity surface form: U.S. dollar LIBOR
Secured Overnight Financing Rate replaced LIBOR
this entity surface form: U.S. dollar LIBOR in many contracts
Secured Overnight Financing Rate successorTo LIBOR
this entity surface form: USD LIBOR