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The American Interbank Offered Rate (AMERIBOR), or simply Ameribor, is a reference rate for corporate borrowing costs for periods between 30 and 270 days.cite-ref-auto-1-0[1]cite-ref-2[2]cite-ref-3[3] It is based on short-term funding data from the Depository Trust & Clearing Corporation.cite-ref-auto-1-1[1]

• History

• References

Introduced by Richard Sandor, who is known for creating interest-rate futures in the 1970s, Ameribor is determined on the American Financial Exchange.cite-ref-auto-1-2[1]cite-ref-4[4] This is a platform where banks lend through mutual credit lines.cite-ref-auto-1-3[1]cite-ref-5[5]

Ameribor serves as a competitive alternative to the Secured Overnight Financing Rate (SOFR), which only provides an overnight rate.cite-ref-auto-1-4[1]

Ameribor is favored by smaller banks as it accurately represents the fund trading costs for banks outside the Federal Reserve's primary dealers. These banks often lack access to repo markets.cite-ref-auto-1-5[1]

cite-note-auto-11. ↑ citerefverlaine2021Verlaine, Julia-Ambra (April 19, 2021). "Libor-Replacement Competitor Gains Strength From New Offerings". Wall Street Journal – via www.wsj.com.

cite-note-22. ↑ citerefchildsChilds, Mary. "Pioneer of Financial Futures Now Brings You Libor Alternative—And Futures To Match". www.barrons.com.

cite-note-33. ↑ "What Is Ameribor?". Investopedia.

cite-note-44. ↑ "Overnight Unsecured AMERIBOR Benchmark Interest Rate". FRED, Federal Reserve Bank of St. Louis. December 11, 2015.

cite-note-55. ↑ citerefkruger2019Kruger, Daniel (April 16, 2019). "Futures Guru Targets Libor Replacement". Wall Street Journal – via www.wsj.com.