With that in mind, the IA has produced a short information sheet to ensure that our members have one central place to access key resources, publications and documents with on-going relevance to the transition. We hope you find it a helpful go-to source of information for your LIBOR-related references and questions.
What is LIBOR?
The London Interbank Offered Rate (LIBOR) is a series of interest rates based on the rates at which banks lend to each other. LIBOR is one of the main interest rate benchmarks used in financial markets throughout the world, and determines interest rates for contracts around the world.
LIBOR is commonly referenced in both financial contracts, such as loans or deposit facilities, and non-financial contracts such as commercial leasing contracts and the discount rate for valuations.