ICE Benchmark Administration Survey on the Use of LIBOR
ICE Benchmark Administration (IBA) launched the Survey on the Use of LIBOR on 4 December 2018 in order to identify the LIBOR settings that are most widely used. The survey closed on 15 February 2019. A link to the results is set out below.
Using the results of this survey and other outreach work, IBA will work with globally active banks to seek to publish certain LIBOR settings after year-end 2021. IBA expects to issue further press releases regarding this work as it progresses.
The primary goal of IBA’s work in seeking to obtain sufficient banking industry support to publish certain LIBOR settings after year-end 2021 is to provide these settings to users with outstanding LIBOR-linked contracts that are impossible or impractical to modify. Any such settings will need to be compliant with relevant regulations and in particular those regarding representativeness.
IBA’s work is also designed to facilitate the industry’s progress towards an orderly adoption of alternative ‘risk-free’ reference rates into the financial system, as called for by the Financial Conduct Authority and the central banks.
Notwithstanding the results of the survey and IBA’s work, there is no guarantee that any LIBOR settings will continue to be published after year-end 2021. Users of LIBOR should not rely on the continued publication of any LIBOR settings when developing transition or fall back plans.
Terms & Conditions
In order to receive the proprietary information and data from this webpage, you acknowledge and agree that you shall not disclose, transmit, distribute or disseminate, either directly or indirectly through any third parties, the information and data contained herein, including files or URLs, to any person or entity without the express written consent of IBA. The information and data contained herein constitutes confidential information and valuable property owned by IBA, its affiliates, licensors and/or other relevant third parties.
Intercontinental Exchange, Inc. (ICE) and IBA reserve all rights in the information and data disclosed on this webpage, and in the copyright on this webpage. None of these rights may be used without a written licence from IBA.
The information and data provided on this webpage are a summary of the eligible responses to the questions asked in IBA’s survey on the use of LIBOR. They are provided for information purposes only and should not be used for or relied upon for any purpose whatsoever.
None of IBA, ICE, or any of its or their affiliates accepts any responsibility or will be liable in contract or tort (including negligence), for breach of statutory duty or nuisance or under antitrust laws or otherwise for, or in respect of any damage, expense or other loss you may suffer arising out of or in connection with the information and data contained on this webpage or any use that you may make of it or any reliance you may place upon it. All implied terms, conditions and warranties and liabilities in relation to the information and data are hereby excluded to the fullest extent permitted by law. None of IBA, ICE or any of its or their affiliates excludes or limits liability for fraud or fraudulent misrepresentation or death or personal injury caused by negligence.
Furthermore, you acknowledge that you have read and agree to all terms presented in the following document: Results of the IBA Survey on the Use of LIBOR Webpage Terms and Conditions.
Please click on the link above to read the Results of the IBA Survey on the Use of LIBOR Webpage Terms and Conditions and click on the “Click here to Accept and Download the Data File” link below to access the data file. By accessing the information and data, you accept and agree to all the above terms.