^{Insights & Resources} Financial Markets

Eibor

The Emirates Interbank Offered Rate (EIBOR) is the benchmark interest rate, stated in UAE Dirhams, for lending between banks within the United Arab Emirates market.

Libor

LIBOR means the London interbank rate administered by ICE Benchmark Administration Limited (or any other person which takes over the administration of that rate) for the relevant currency as determined by ADCB from time to time.

Sofr

SOFR means Secured Overnight Funding Rate which are obtained from the U.S. Department of the Treasury’s Office of Financial Research (OFR).