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 London Interbank Offered Rate ⓘ
linked to: LIBOR
administeredBy ICE Benchmark Administration ⓘ
linked to: ICE
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 British pound sterling ⓘ
linked to: Pound sterling

Japanese yen ⓘ
Swiss franc ⓘ
US dollar ⓘ
euro ⓘ
multiple currencies ⓘ
discontinuationReason benchmark reform ⓘ
manipulation scandals ⓘ
regulatory concerns ⓘ
fullName London Interbank Offered Rate ⓘ
linked to: LIBOR
geographicScope global ⓘ
locationOrigin London ⓘ
linked to: London, England
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 ⓘ
regionReplacedBy Euro area Euro Short-Term Rate ⓘ
Japan Tokyo Overnight Average Rate ⓘ
Switzerland Swiss Average Rate Overnight ⓘ
United Kingdom Sterling Overnight Index Average ⓘ
United States Secured Overnight Financing Rate ⓘ
linked to: SOFR
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 ⓘ

How these facts were elicited

Referenced by (10)

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

LIBOR → fullName → London Interbank Offered Rate ⓘ
linked to: LIBOR
LIBOR → abbreviationOf → London Interbank Offered Rate ⓘ
linked to: LIBOR
London interbank market → relatedConcept → London Interbank Offered Rate ⓘ
linked to: LIBOR
SOFR → replaced → USD LIBOR in many new contracts ⓘ
linked to: LIBOR
CME Term SOFR → replaces → U.S. dollar LIBOR ⓘ
linked to: LIBOR
Secured Overnight Financing Rate → replaced → U.S. dollar LIBOR in many contracts ⓘ
linked to: LIBOR
Secured Overnight Financing Rate → successorTo → USD LIBOR ⓘ
linked to: LIBOR