ICE LIBOR

(formerly known as BBA LIBOR) as provided by the ICE Benchmark Administration & Currency Account Rates

Changes to the LIBOR reference rates

The upcoming phase-out of the interbank reference rates (IBORs) in favour of alternative risk free reference rates (RFRs) means notable changes in the global financial system. The aim of the new RFRs is to make sure that, in the future, reference rates will be transaction based and more transparent in order to create a more fair, robust and reliable market.

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3 month reference rates from TeleTrader include these currencies:

3 month ICE LIBOR (formerly known as BBA LIBOR) rates, listed below, are provided by ICE and are updated 24 hours after the date of publication on business days only.

GBP

Effective from Rate
 04.06.2020 0.23150
 03.06.2020 0.23525
 02.06.2020 0.23650
 01.06.2020 0.21263
 29.05.2020 0.22775
 28.05.2020 0.23663
 27.05.2020 0.24488
 26.05.2020 0.25150
 22.05.2020 0.25325
 21.05.2020 0.26500
 20.05.2020 0.25613
 19.05.2020 0.27488
 18.05.2020 0.27700
 15.05.2020 0.29225
 14.05.2020 0.31513
 13.05.2020 0.33438
 12.05.2020 0.34325
 11.05.2020 0.35925
 07.05.2020 0.37288
 06.05.2020 0.40300
 05.05.2020 0.44950
 04.05.2020 0.49875
 01.05.2020 0.55250
 30.04.2020 0.59425
 29.04.2020 0.61813
 28.04.2020 0.63125
 27.04.2020 0.64188
 24.04.2020 0.63725
 23.04.2020 0.62175
 22.04.2020 0.64375
 21.04.2020 0.64588
 20.04.2020 0.65175
 17.04.2020 0.65975
 16.04.2020 0.67150
 15.04.2020 0.66775
 14.04.2020 0.66575
 09.04.2020 0.67975
 08.04.2020 0.68163
 07.04.2020 0.66500
 06.04.2020 0.65275
 03.04.2020 0.64100
 02.04.2020 0.63813
 01.04.2020 0.57450

EUR

Effective from Rate
 04.06.2020 -0.35471
 03.06.2020 -0.36129
 02.06.2020 -0.36700
01.06.2020  -0.35000
 29.05.2020 -0.34657
 28.05.2020 -0.34714
 27.05.2020 -0.33471
 26.05.2020 -0.32200
 22.05.2020 -0.32314
 21.05.2020 -0.31086
 20.05.2020 -0.30886
 19.05.2020 -0.29186
 18.05.2020 -0.26586
 15.05.2020 -0.26300
 14.05.2020 -0.25800
 13.05.2020 -0.24329
 12.05.2020 -0.23071
 11.05.2020 -0.22457
 07.05.2020 -0.24243
 06.05.2020 -0.21700
 05.05.2020 -0.20486
 04.05.2020 -0.17414
 01.05.2020 -0.17071
 30.04.2020 -0.18500
 29.04.2020 -0.17400
 28.04.2020 -0.16457
 27.04.2020 -0.17357

24.04.2020

 -0.15200

23.04.2020  -0.14757
 22.04.2020 -0.14243
 21.04.2020 -0.15757
 20.04.2020 -0.16714
 17.04.2020 -0.18214
 16.04.2020 -0.19257
 15.04.2020 -0.21686
 14.04.2020 -0.21857
 09.04.2020 -0.21243
 08.04.2020 -0.22229
 07.04.2020 -0.23343
 06.04.2020 -0.23157
 03.04.2020 -0.23243
 02.04.2020 -0.24114
 01.04.2020 -0.24729

CHF

Effective from Rate
 04.06.2020 -0.65460
 03.06.2020 -0.64840
 02.06.2020 -0.65160
 01.06.2020 -0.65620
 29.05.2020 -0.65100
 28.05.2020 -0.63900
 27.05.2020 -0.64880
 26.05.2020 -0.63660
 22.05.2020 -0.63220
 21.05.2020 -0.64080
 20.05.2020 -0.63680
 19.05.2020 -0.62960
 18.05.2020 -0.63660
 15.05.2020 -0.62680
 14.05.2020 -0.60520
 13.05.2020 -0.60160
 12.05.2020 -0.60740
 11.05.2020 -0.59480
 07.05.2020 -0.61220
 06.05.2020 -0.59020
 05.05.2020 -0.58740
 04.05.2020 -0.58840
 01.05.2020 -0.59480
 30.04.2020 -0.58320
 29.04.2020 -0.58380
 28.04.2020 -0.57600
 27.04.2020 -0.57900
 24.04.2020 -0.57340
 23.04.2020 -0.57660
 22.04.2020 -0.58520
 21.04.2020 -0.58680
 20.04.2020 -0.58620
 17.04.2020 -0.58580
 16.04.2020 -0.57820
 15.04.2020 -0.58140
 14.04.2020 -0.58460
 09.04.2020 -0.58560
 08.04.2020 -0.59120
 07.04.2020 -0.60300
 06.04.2020 -0.60400
 03.04.2020 -0.60720
 02.04.2020 -0.61020
 01.04.2020 -0.61760
3 month ICE LIBOR (formerly known as BBA LIBOR) rates, listed in the tabs below, are provided by ICE and are updated 24 hours after the date of publication on business days only.
  • GBP

    GBP

    GBP

    Effective from Rate
     04.06.2020 0.23150
     03.06.2020 0.23525
     02.06.2020 0.23650
     01.06.2020 0.21263
     29.05.2020 0.22775
     28.05.2020 0.23663
     27.05.2020 0.24488
     26.05.2020 0.25150
     22.05.2020 0.25325
     21.05.2020 0.26500
     20.05.2020 0.25613
     19.05.2020 0.27488
     18.05.2020 0.27700
     15.05.2020 0.29225
     14.05.2020 0.31513
     13.05.2020 0.33438
     12.05.2020 0.34325
     11.05.2020 0.35925
     07.05.2020 0.37288
     06.05.2020 0.40300
     05.05.2020 0.44950
     04.05.2020 0.49875
     01.05.2020 0.55250
     30.04.2020 0.59425
     29.04.2020 0.61813
     28.04.2020 0.63125
     27.04.2020 0.64188
     24.04.2020 0.63725
     23.04.2020 0.62175
     22.04.2020 0.64375
     21.04.2020 0.64588
     20.04.2020 0.65175
     17.04.2020 0.65975
     16.04.2020 0.67150
     15.04.2020 0.66775
     14.04.2020 0.66575
     09.04.2020 0.67975
     08.04.2020 0.68163
     07.04.2020 0.66500
     06.04.2020 0.65275
     03.04.2020 0.64100
     02.04.2020 0.63813
     01.04.2020 0.57450
  • EUR

    EUR

    EUR

    Effective from Rate
     04.06.2020 -0.35471
     03.06.2020 -0.36129
     02.06.2020 -0.36700
    01.06.2020  -0.35000
     29.05.2020 -0.34657
     28.05.2020 -0.34714
     27.05.2020 -0.33471
     26.05.2020 -0.32200
     22.05.2020 -0.32314
     21.05.2020 -0.31086
     20.05.2020 -0.30886
     19.05.2020 -0.29186
     18.05.2020 -0.26586
     15.05.2020 -0.26300
     14.05.2020 -0.25800
     13.05.2020 -0.24329
     12.05.2020 -0.23071
     11.05.2020 -0.22457
     07.05.2020 -0.24243
     06.05.2020 -0.21700
     05.05.2020 -0.20486
     04.05.2020 -0.17414
     01.05.2020 -0.17071
     30.04.2020 -0.18500
     29.04.2020 -0.17400
     28.04.2020 -0.16457
     27.04.2020 -0.17357

    24.04.2020

     -0.15200

    23.04.2020  -0.14757
     22.04.2020 -0.14243
     21.04.2020 -0.15757
     20.04.2020 -0.16714
     17.04.2020 -0.18214
     16.04.2020 -0.19257
     15.04.2020 -0.21686
     14.04.2020 -0.21857
     09.04.2020 -0.21243
     08.04.2020 -0.22229
     07.04.2020 -0.23343
     06.04.2020 -0.23157
     03.04.2020 -0.23243
     02.04.2020 -0.24114
     01.04.2020 -0.24729
  • CHF

    CHF

    CHF

    Effective from Rate
     04.06.2020 -0.65460
     03.06.2020 -0.64840
     02.06.2020 -0.65160
     01.06.2020 -0.65620
     29.05.2020 -0.65100
     28.05.2020 -0.63900
     27.05.2020 -0.64880
     26.05.2020 -0.63660
     22.05.2020 -0.63220
     21.05.2020 -0.64080
     20.05.2020 -0.63680
     19.05.2020 -0.62960
     18.05.2020 -0.63660
     15.05.2020 -0.62680
     14.05.2020 -0.60520
     13.05.2020 -0.60160
     12.05.2020 -0.60740
     11.05.2020 -0.59480
     07.05.2020 -0.61220
     06.05.2020 -0.59020
     05.05.2020 -0.58740
     04.05.2020 -0.58840
     01.05.2020 -0.59480
     30.04.2020 -0.58320
     29.04.2020 -0.58380
     28.04.2020 -0.57600
     27.04.2020 -0.57900
     24.04.2020 -0.57340
     23.04.2020 -0.57660
     22.04.2020 -0.58520
     21.04.2020 -0.58680
     20.04.2020 -0.58620
     17.04.2020 -0.58580
     16.04.2020 -0.57820
     15.04.2020 -0.58140
     14.04.2020 -0.58460
     09.04.2020 -0.58560
     08.04.2020 -0.59120
     07.04.2020 -0.60300
     06.04.2020 -0.60400
     03.04.2020 -0.60720
     02.04.2020 -0.61020
     01.04.2020 -0.61760

LIBOR faqs

  • What is happening?

    In 2017, global banking regulators - including the UK’s Financial Conduct Authority (FCA) - announced significant changes to benchmark interest rates. Benchmark interest rates have been fundamental to the financial industry for decades and banks use them to price their products and services. These include relatively straightforward products such as loans, overdrafts and deposits. They are also used as the basis for more complex products such as securities and derivatives. The London Inter Bank Offered Rate (LIBOR) is one of the most widely used benchmark interest rates in the UK. In 2017, the FCA signalled its intention to encourage the UK financial services industry to take action to stop using LIBOR after the end of 2021.

  • What is LIBOR?

    LIBOR is a benchmark interest rate that is set on a daily basis by a panel of banks. Each bank submits interest rates at which it would offer to lend money to other banks. These rates are provided for different periods that range from ‘overnight’ to a period of up to twelve months. Using a defined method, an average of the rates submitted by contributors is calculated and the LIBOR interest rates for each agreed period is made publically available every working day by an appointed administrator.

  • Why is this change being made?

    The FCA has an objective to protect the integrity of the financial services industry. It has proposed to replace LIBOR benchmark interest rates with new “Risk Free Rates”. These benchmark interest rates differ from LIBOR as they will be based on actual transactions in active markets with prices driven by supply and demand. As a result, they will have minimal reliance on expert judgement from contributing banks. These new Risk Free Rates, and other widely used benchmark interest rates, are likely to be used to replace LIBOR across the range of impacted products.

  • When will this change take place?

    The Bank of England and the FCA has stated that from 31 December 2021, banks will no longer be compelled to provide LIBOR quotations. This means that the setting of this key benchmark interest rate will likely be discontinued.

  • What is Danske Bank UK doing?

    Work is currently underway across the financial services industry to replace LIBOR interest rates and manage the transition to these new Risk Free Rates. Whilst the effects of the transition are not yet fully clear, Danske Bank UK is fully engaged in the industry’s preparations to ensure a smooth and effective transition for customers and will continue to monitor developments.

  • How will it impact me or my business?

    LIBOR benchmark interest rates are most commonly used by Business and Corporate customers across many different products. Our priority is to ensure a smooth transition to the new benchmark interest rates in line with industry standards. We will be in touch with you directly if these upcoming changes impact you. For instance, this may occur if you have LIBOR-linked products that are due for renewal or if you require new products impacted by this change. You don’t need to do anything just yet. However, you may want to consider whether you require guidance from professional advisors on the possible implications of the upcoming changes from a financial, legal, accountancy or tax perspective.

  • Further Information

Disclaimer

In consideration for ICE Benchmark Administration ("IBA") coordinating and the LIBOR Contributor Banks and Thomson Reuters supplying the data from which BBA LIBOR is compiled, the subscriber acknowledges and agrees that, to the fullest extent permitted by law, none of IBA, the LIBOR Contributor Banks or Thomson Reuters:

  1. Accept any responsibility or liability for the frequency of provision and accuracy of the ICE LIBOR rate or any use made of the ICE LIBOR rate by the subscriber, whether or not arising from the negligence of any of IBA, the LIBOR Contributor Banks or Thomson Reuters; or
  2. Shall be liable for any loss of business or profits nor any direct, indirect or consequential loss or damage resulting from any such irregularity, inaccuracy or use of the Information.