Shibor (Shanghai Interbank Offered Rate) is calculated, announced and named on the cm-righttechnological platform of the National Interbank Funding Center in Shanghai. It is a simple, no-guarantee, wholesale interest rate calculated by arithmetically averaging all the interbank RMB lending rates offered by the price quotation group of banks with a high credit rating. Currently, the Shibor consists of eight maturities: overnight, 1-week, 2-week, 1-month, 3-month, 6-month, 9-month and 1-year.
The price quotation group of Shibor consists of 18 commercial banks. These quoting banks are primary dealers of open market operation or market makers in the FX market, with sound information disclosure and active RMB transactions in China’s money market. Shibor Working Group of PBC decides and adjusts the panel banks, supervises and administrates the Shibor operation, and regulates the behavior of the quoting banks and the specified publisher in accordance with the Implementation Rules of Shibor.
Key Features and Coverage on RIMES
For this data source, RIMES hosts approximately 16 money market indices, including: CNY Shibor and Libor indices. Some of the data items available include Database codes (symbol, domain, source) and Series Value.