TIBOR

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.

See also

• EURIBOR
• Euro
• Euroyen
• Japan
• JPY LIBOR
• LIBOR
• Syndicated loan
• TONAR