Replacing the world’s most widely used interest rate benchmark and how it impacts you.

世界赌博十大网站, 还有整个金融行业, is currently in the process of moving away from the most commonly used worldwide interest rate benchmark for the last thirty years. 伦敦银行同业拆借利率, 通常被称为LIBOR, will no longer be available as a reference rate for new origination after December 31, 2021.

Banks have relied on LIBOR to determine the interest rates charged to borrowers on products including 商业贷款, 小企业贷款, 可调利率抵押贷款, 信用卡, 还有很多其他的. The market has yet to achieve a consensus on the benchmark rate that will ultimately succeed LIBOR for determining interest rates, 但一些主要的竞争者可以在下面的FAQ部分查看. 第一银行将向受LIBOR过渡期影响的客户伸出援手, 我们的客户目前不需要采取任何行动.

世界赌博十大网站 continues to monitor market developments and will provide additional information pertaining to the LIBOR transition as it is available. This transition will impact all loans, leases, contracts and swaps with LIBOR references. Please see the below FAQs for more details on the LIBOR transition at 世界赌博十大网站 and reach out to your 世界赌博十大网站 relationship manager with any questions or concerns.


The Information provided on this page is of a general nature only and is not intended to and does not constitute the provision by 世界赌博十大网站 of any investment, 法律, 税, 或者会计建议. 此处表达的意见和披露可随时更改,恕不另行通知. 虽然本文所载信息是从被认为可靠的来源获得的, 此类信息的准确性不作保证. 鼓励你独立, 来自顾问的专业建议, 会计师, 以及在此所述事项上的律师.



The London Interbank Offered Rate (LIBOR) is a benchmark interest rate meant to represent the rate at which banks would lend to other banks for a specified amount of time on an uncollateralized basis. LIBOR is calculated and published daily across five currencies with seven different maturities, 从一夜到12个月, 使用来自16个小组银行的意见书. 从80年代开始, 当正式出版的索引开始, it has been a popular choice by financial institutions to determine short-term interest rates and for variable rate products such as 信用卡, 抵押贷款, 商业贷款, 和衍生品. As of May 2021, approximately $200 trillion in outstanding contracts are linked to USD LIBOR.


A combination of new regulations and changes to how banks fund themselves has caused the underlying transactions for LIBOR calculations to dwindle. Calculations have relied heavily on “expert judgment” by the LIBOR panel banks due to the limited number of actual transactions for reference, 这使得汇率容易被操纵.

LIBOR’s inadequate underlying transaction volume and resulting inability to ensure true market representation has led regulators to decide that the financial industry should no longer reference the rate. The Alternative Reference Rate Committee (ARRC) was created in 2014 by the Federal Reserve for the purpose of identifying robust alternatives to USD LIBOR and supporting the transition to a new index. In 2017, 金融市场行为监管局, 监管LIBOR的机构, 宣布2021年后将不会强迫小组银行向伦敦银行间拆放款利率报告.  有了这个公告, financial institutions were given a LIBOR publication end date to reference while developing timelines for a transition plan to a new benchmark rate.


有多个潜在的替代者, but those garnering the most attention by the market are the secured overnight financing rate (SOFR), U.S. 优惠利率,彭博短期银行收益率指数,ICE银行收益率指数和AMERIBOR. 自2017年以来, ARRC一直推荐SOFR作为首选替代方案, though widespread adoption of SOFR as a LIBOR replacement in all scenarios is not guaranteed and progress has been slow.

而不是对所有LIBOR生产使用单一替代方案, institutions may use a combination of the options listed above depending on the type of product and on borrower needs.


Publication of the 1-week and 2-month tenors of USD LIBOR will cease after December 31, 2021. The remaining tenors will continue to be calculated and published daily through June 30, 2023, 尽管监管机构已将截止日期定为12月31日, 2021年为任何参考LIBOR期限的新产量.


Contracts that reference LIBOR and mature on or before June 30, 2023, will not be impacted. 参考伦敦银行间拆放款利率,6月30日后到期的合约, 2023, 会不会有新的基准利率. 世界赌博十大网站 is giving due consideration to all possible LIBOR alternatives and will work with impacted customers to ensure the new benchmark is consistent with accepted market practices and substantially equivalent to the LIBOR index rate.

Customers impacted by the discontinuation of LIBOR will be notified by 世界赌博十大网站 in a timely manner with realistic notice of the new benchmark prior to transition.

Your 世界赌博十大网站 Relationship Manager is available to address any questions you might have.


The Bank has established a 伦敦同业拆借利率(LIBOR)过渡 Working Group consisting of key contributors across departments impacted by the transition. The group is working to address all potential risks in order to ensure a smooth and transparent transition for both customers and the Bank and minimize any potential disruptions.

The group is also actively monitoring the development of all potential LIBOR replacements and analyzing each to determine the best fit for our customers and the Bank. We will work together with our customers to communicate updates as they become available.


第一银行再次获得了鲍尔金融公司令人垂涎的五星级优质评级, the nation’s best bank rating service analyzing and reporting on the financial condition of the nation’s banking industry since 1983. 这意味着我们是全国最强大的金融机构之一. 第一银行的本地银行,银行实力雄厚.

有关鲍尔金融的更多信息,请访问 www.bauerfinancial.com.

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