Amendments to CIBOR from January 2014

1/2/2013 5:10 AM EST

Fixed Income
Fixed Income

Amendments to CIBOR from January 2014

The Danish Bankers Association has decided to decrease the number of maturities
in CIBOR (Copenhagen Inter Bank Offered Rate) by 1 January 2014. 

CIBOR is the interest rate at which a bank is prepared to lend Danish kroner to
a prime bank on an uncollateralized basis for a number of maturities. 

As from the 1 January 2014 CIBOR will be limited to the following maturities: 1
week, 2 weeks, 1, 2, 3, 6, 9 and 12 months. 

As a result of this decrease the following maturities will be calculated on the
30 December 2013 for the last time: 4, 5, 7, 8, 10 and 11 months. These
amendments are a result of a scrutiny of the governing rules and of which
maturities are used. 

The current governing rules can be seen at the Danish Bankers Associations
homepage: www.finansraadet.dk 



Yours sincerely

Christine Habel



Direct +45 3370 1091