3-month U.S. dollar LIBOR

E74439

interbank offered rate interest rate benchmark reference rate

3-month U.S. dollar LIBOR is a benchmark interest rate indicating the average rate at which major global banks are willing to lend U.S. dollars to one another for a three-month term in the London interbank market.

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Observed surface forms (1)

Surface form	Occurrences
U.S. dollar LIBOR	1

Statements (47)

Predicate	Object
instanceOf	interbank offered rate ⓘ interest rate benchmark ⓘ reference rate ⓘ
administeredBy	ICE ⓘ surface form: ICE Benchmark Administration
associatedWith	panel banks ⓘ
basedOn	London interbank market ⓘ unsecured interbank lending ⓘ
calculationMethod	trimmed average of submitted rates ⓘ
currency	US dollar ⓘ surface form: USD
denominatedIn	US dollar ⓘ surface form: United States dollar
describes	average rate at which major global banks are willing to lend U.S. dollars to one another for three months ⓘ
geographicContext	London, England ⓘ surface form: London
linkedTo	LIBOR transition ⓘ
marketSegment	money market ⓘ
maturityType	short-term ⓘ
partOf	LIBOR ⓘ
phaseOutDrivenBy	benchmark reform ⓘ manipulation scandals ⓘ
previouslyAdministeredBy	British Bankers' Association ⓘ
quotedAs	annualized interest rate ⓘ
quotedOn	business days ⓘ
regulatorJurisdiction	United Kingdom NERFINISHED ⓘ
regulatoryBody	Financial Conduct Authority ⓘ surface form: UK Financial Conduct Authority
riskProfile	unsecured credit risk ⓘ
role	key global funding benchmark for U.S. dollars ⓘ
submissionBasis	banks’ estimates of borrowing costs ⓘ
successorBenchmark	CME Term SOFR ⓘ SOFR ⓘ
tenor	3 months ⓘ
timeHorizon	three-month interbank loans ⓘ
underlyingTransactionType	unsecured wholesale funding ⓘ
usedAs	benchmark for short-term U.S. dollar funding costs ⓘ proxy for bank funding conditions ⓘ reference for resetting coupon payments ⓘ
usedBy	asset managers ⓘ banks ⓘ corporations ⓘ governments ⓘ
usedIn	corporate loans ⓘ derivatives pricing ⓘ floating-rate loans ⓘ floating-rate notes ⓘ interest rate caps ⓘ interest rate floors ⓘ interest rate swaps ⓘ mortgage contracts ⓘ syndicated loans ⓘ

Referenced by (2)

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

Eurodollar time deposits → linkedBenchmarkHistorically → 3-month U.S. dollar LIBOR ⓘ

this entity surface form: U.S. dollar LIBOR

Eurodollar futures → underlyingReference → 3-month U.S. dollar LIBOR ⓘ