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Johannesburg Interbank Agreed Rate (JIBAR)

What is 'Johannesburg Interbank Agreed Rate - JIBAR'

The money market rate that is used by South Africa. The rate comes in one-month, three-month, six-month and 12-month discount terms.

Explaining 'Johannesburg Interbank Agreed Rate - JIBAR'

The rate is determined as an average of the rates indicated by local and international banks. JIBAR is calculated as a yield and then converted into a discount. The rate is calculated daily after all of the rates are received by participating banks.


Further Reading


The impact of short-term interest rates on bank funding costs
scholar.sun.ac.za [PDF]
… may depend on the money available in the market, existing rates or on the agreement between the … The data for the 3 months Johannesburg Interbank Agreed Rate (JIBA) rate, prime interest rates (short term interest rates … The Role of Bank Relationships in the Interbank Market …

The absence of diffusion in the South African short rateThe absence of diffusion in the South African short rate
journals.co.za [PDF]
… may depend on the money available in the market, existing rates or on the agreement between the … The data for the 3 months Johannesburg Interbank Agreed Rate (JIBA) rate, prime interest rates (short term interest rates … The Role of Bank Relationships in the Interbank Market …

Estimating the south african overnight indexed swap curveEstimating the south african overnight indexed swap curve
www.sciencedirect.com [PDF]
… may depend on the money available in the market, existing rates or on the agreement between the … The data for the 3 months Johannesburg Interbank Agreed Rate (JIBA) rate, prime interest rates (short term interest rates … The Role of Bank Relationships in the Interbank Market …

Temporal homogeneity between financial stress and the economic cycleTemporal homogeneity between financial stress and the economic cycle
mpra.ub.uni-muenchen.de [PDF]
… may depend on the money available in the market, existing rates or on the agreement between the … The data for the 3 months Johannesburg Interbank Agreed Rate (JIBA) rate, prime interest rates (short term interest rates … The Role of Bank Relationships in the Interbank Market …

Financial stress indicator variables and monetary policy in South AfricaFinancial stress indicator variables and monetary policy in South Africa
www.kspjournals.org [PDF]
… may depend on the money available in the market, existing rates or on the agreement between the … The data for the 3 months Johannesburg Interbank Agreed Rate (JIBA) rate, prime interest rates (short term interest rates … The Role of Bank Relationships in the Interbank Market …

Modelling the short-term interest rate with stochastic differential equation in continuous time: linear and nonlinear modelsModelling the short-term interest rate with stochastic differential equation in continuous time: linear and nonlinear models
mpra.ub.uni-muenchen.de [PDF]
… may depend on the money available in the market, existing rates or on the agreement between the … The data for the 3 months Johannesburg Interbank Agreed Rate (JIBA) rate, prime interest rates (short term interest rates … The Role of Bank Relationships in the Interbank Market …



Q&A About Johannesburg Interbank Agreed Rate (JIBAR)


Who calculates the JIBAR rates daily?

Participating banks calculate the rates daily after all of their rates are received.

What determines the JIBAR rates?

The rates are determined as an average of the rates indicated by local and international banks.

What is JIBAR?

The Johannesburg Interbank Agreed Rate (JIBAR) is a money market rate that is used by South Africa.

How does the JIBAR rate come in different terms?

The JIBAR rate comes in one-month, three-month, six-month and 12-month discount terms.

Where can you find information about the current JIBAR rate?

You can find information about current rates on Bloomberg or Reuters.com websites.