TIBOR: Difference between revisions
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Not to be confused with ''JPY LIBOR''. | |||
Not to be confused with JPY LIBOR. | |||
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Revision as of 11:56, 10 February 2024
Tokyo Interbank Offered Rate.
There are two types of TIBOR: JPY TIBOR and Euroyen TIBOR.
The underlying market for JPY TIBOR is the Japan unsecured market.
JPY TIBOR is widely used as a base rate for bank loans in Japan including syndicated loans.
Euroyen TIBOR's underlying market is the Japan Offshore Market (in which financial institutions including banks and non-residents execute JPY transactions).
Euroyen TIBOR is mainly used for derivatives and is not used as often for loan transactions.
Not to be confused with JPY LIBOR.
