Shanghai Interbank Offered Rate

Shanghai Interbank Offered Rate ( SHIBOR ,上海 银行 间 同 业 拆放 利率) is the daily fixed reference rate for interbank transactions, the clock every working day at 11:30 ( Beijing time ) is fixed. These are sentences that define the 16 qualified major banks in the district of Pan - Chinese Interbank Offering Center (全国 银行 间 同业拆借 中心) in Shanghai, to which they take funds from other banks in the market or get offered.

The Shibor is published monthly and for a very short, one-year right up to quotations. For the renminbi is used as a day count convention of Actual/365.

Shibor interest are ( Offered ) offer interest rates.

Publications of Shibors done by Pan - Chinese Interbank Offering Center.

Assortments of Shibors

So far, eight ranges of Shibors are offered:

  • Overnight Shibor
  • 1- week - Shibor
  • 2-week Shibor
  • 1 -month- Shibor
  • 3-month Shibor
  • 6-month Shibor
  • 9 -month Shibor
  • 1 year Shibor

For example, the 3-month Shibor is the interest rate today (t = 0) for the next 3 months, so the spot rate.

Libor Euribor EONIA
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