TIBOR
Reference rate in Japan
The Tokyo Interbank Offered Rate (TIBOR) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Japan wholesale money market (or interbank market). TIBOR is published daily by the JBA TIBOR Administration.
01Technical features
TIBOR is calculated based on the quotes for different maturities provided by reference banks at about 11.00 a.m. each business day.
There are two forms of TIBOR rates:
- Japanese Yen TIBOR rate - This was introduced in November 1995. It reflects rates in the unsecured call market.
- Euroyen TIBOR rate - This was introduced in March 1998. It reflects rates in the offshore market. This will be terminated in 2024.
Sources and credits
This article is adapted from the Wikipedia article “TIBOR”, written by its contributors and licensed under CC BY-SA 4.0. Fathomly has changed the layout, removed citation markers, navigation and maintenance notices, and adjusted punctuation. This adapted version is shared under the same license. For references, see the original article.
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