Search Investopedia

Johannesburg Interbank Agreed Rate - JIBAR

Filed Under »
Dictionary Says

Definition of 'Johannesburg Interbank Agreed Rate - JIBAR'

The money market rate that is used by South Africa. The rate comes in one-month, three-month, six-month and 12-month discount terms.
Investopedia Says

Investopedia explains 'Johannesburg Interbank Agreed Rate - JIBAR'

The rate is determined as an average of the rates indicated by local and international banks. JIBAR is calculated as a yield and then converted into a discount. The rate is calculated daily after all of the rates are received by participating banks.

Related Definitions

  •

    Money Market

    A segment of the financial market in which financial instruments with high liquidity and very short maturities are traded. The money market is used by participants as a means for ...
    Read More »

  • Interest Rate

    The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets. Interest rates are typically noted on an annual basis, known as the annual ...
    Read More »

  • Interbank Rate

    The rate of interest charged on short-term loans made between banks. Banks borrow and lend money in the interbank market in order to manage liquidity and meet the requirements placed on ...
    Read More »

    • London Interbank Offered Rate - LIBOR

      An interest rate at which banks can borrow funds, in marketable size, from other banks in the London interbank market. The LIBOR is fixed on a daily basis by the British Bankers' ...
      Read More »

    • Emirates Interbank Offered Rate - EIBOR

      The interest rate charged by banks in the United Arab Emirates for interbank transactions. In most cases, EIBOR is the reference rate most commonly used by borrowers and lenders to ...
      Read More »

    • Money Market Fund

      An investment fund that holds the objective to earn interest for shareholders while maintaining a net asset value (NAV) of $1 per share. Mutual funds, brokerage firms and banks offer ...
      Read More »

    • Money Market Account

      A savings account that offers the competitive rate of interest (real rate) in exchange for larger-than-normal deposits. Also known by the acronym "MMDA", which stands for "money market ...
      Read More »

Articles Of Interest

Sponsored links
Hot Definitions
Partner Links
Suggested Definitions