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EIBOR
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The Emirates Interbank Offered Rate (EIBOR), also abbreviated as EBOR,[1][2] is a daily reference rate, published by the UAE Central Bank, based on the averaged interest rates at which UAE banks offer to lend unsecured funds to other banks in the United Arab Emirates dirham wholesale money market (or interbank market).[3]
Calculation and Tenors
[edit]As of 29 May 2015 fixing is conducted each business day excluding Saturdays at 11AM UAE time. The fixing rate is the average of the contributions excluding the two highest and two lowest contributions for each tenor.[4]
As of 10 December 2013 the following tenors are calculated:
- Overnight
- 1 Week
- 1 Month
- 3 Months
- 6 Months
- 12 Months
Contributing Banks
[edit]As of January 2017 the following banks contribute to EIBOR:
References
[edit]- ^ "EIBOR Rates | CB UAE". www.centralbank.ae. Retrieved 2019-05-02.[permanent dead link]
- ^ "Daily EIBOR Fixing 06Dec14" (PDF). centralbank.ae/en. Archived from the original (PDF) on 2024-08-01.
- ^ "EIBOR Rates". www.centralbank.ae. Retrieved 2017-01-09.[permanent dead link]
- ^ "PUBLICATION". www.centralbank.ae. Retrieved 2017-01-09.[permanent dead link]