CLP track and publish online swap rate, LIBOR rates, Gilt Rates and Base Rates in a number of different currencies and with comprehensive historic data.

To enter the site go to www.swap-rates.com by clicking here *

 

 

 

 

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    Definitions  
       
   

Interest rate swaps based on short LIBOR rates currently trade on the interbank market for maturities up to 50 years. A "five year LIBOR" rate refers to the 5 year swap rate vs 3 or 6 month LIBOR. "LIBOR + x basis points", when talking about a bond, will mean that the bond's cash flows have to be discounted on the swaps' zero-coupon yield curve shifted by x basis points in order to equal the bond's actual market price.

London Interbank Offered Rate (or LIBOR, pronounced LIE-bore) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market (or interbank market). LIBOR is the opposite of the London Interbank Bid Rate (LIBID).

Euribor® (Euro Interbank Offered Rate) is the benchmark rate of the large euro money market that has emerged since 1999. It is sponsored by the European Banking Federation (FBE), which represents the interests of 4 500 banks in 24 Member States of the European Union and in Iceland, Norway and Switzerland and by the Financial Markets Association (ACI). Euribor® is the rate at which euro interbank term deposits are offered by one prime bank to another prime bank and is published at 11.00 a.m. CET for spot value (T+2). Euribor® was first published on 30 December 1998 for value 4 January 1999.

Gilts are bonds issued by the governments of the United Kingdom, South Africa, or Ireland. The term is of British origin, and refers to the debt securities issued by the Bank of England, which had a gilt (or gilded) edge. Hence they are called gilt-edged securities, or gilts for short. Generally, when a market participant refers to gilts, what is meant is British gilts unless otherwise specified, and the description below applies to the UK gilt market. The gilts market can trace its origins to the creation of the Bank of England and the British national debt in 1694. Since 1998 they have been issued by the UK Debt Management Office (DMO) on behalf of HM Treasury. The UK government has a AAA credit rating from Standard & Poor's and Aaa from Moody's, and all other rating agencies also award UK government debt, whether in sterling or foreign currency, the highest possible rating.

Base rate - the interest rate set by the Bank of England for lending to other banks.