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.

Euroyen TIBOR is scheduled to be discontinued at the end of December 2024.

Not to be confused with the former JPY LIBOR.

LIBOR ended in September 2024.

See also

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

Other resources

• The end of LIBOR - Press release - Bank of England - 1 October 2024
• Statement on the permanent cessation of Euroyen TIBOR and related issues - JBA TIBOR Administration