Shibor is the Shanghai Interbank Offered Rate. Is it an arithmetic average interest rate calculated and determined by the RMB interbank offered rate quoted by banks with higher credit rating, or is it a simple interest, unsecured and wholesale interest rate? . The Shibor varieties announced to the public at present include overnight, 1 week, 2 weeks, 1 month, 3 months, 6 months, 9 months and 1 year.

Shibor quotation bank group is now composed of 16 commercial banks. Quoting banks are primary dealers in the open market or market makers in the foreign exchange market. They are relatively active in RMB trading and fully disclosed in the China money market. The People's Bank of China set up a Shibor working group to determine and adjust the members of the quotation bank group according to the implementation guidelines of Shanghai Interbank Offered Rate (Shibor), supervise and manage the operation of Shibor, and standardize the behaviors of quotation banks and designated issuers.

Extended data:

Shibor function:

First of all, Shibor's guiding role in bond pricing continues to increase. In 2007, the total amount of floating rate bills and short-term securities issued based on Shibor was 99 billion yuan, accounting for 18%, 4 1% and 97% respectively.

Second, the trading of financial innovative products based on Shibor is active. Interest rate swap was 28.5 billion yuan, forward interest rate agreement was 65.438+0.05 billion yuan, and interbank loans, interbank deposits and financial products were about 65.438+0.30 billion yuan.

Third, the market-oriented pricing mechanism of bill rediscount and repurchase business based on shibor was initially established.

Fourth, the internal transfer price of the quotation bank is combined with shibor to varying degrees. The financial market is forming a pricing group based on shibor, and the price relationship between various interest rates is becoming more and more reasonable and clear.

Baidu Encyclopedia-Shanghai Interbank Offered Rate