Libor

Also known as London Inter-bank Offered Rate

thumb|upright=1.2|Libor gets its name from the City of London.

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native label: London Inter-bank Offered Rate
end time: 2021-12-31

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~29 min read

Article

26 sections

Contents

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.