The Danish Financial Benchmark Facility is responsible for the calculation, distribution, and licensing of the following benchmarks:
- CIBOR®
CIBOR being the rate of interest, at which a Panel Bank would lend DKK for a period of 1 week, 1, 3, 6 and 12-months’ maturity to a prime bank on an uncollateralized basis (i.e. unsecured interbank loan).
- Tomorrow/Next
The Tom/Next interest rate is the Denmark Short Term Rate (DESTR) plus a fixed spread of 19 basis points.
- CITA
CITA being the interest rate swap offered rate quoted for the (T/N) rate against a fixed DKK rate for the following maturities – 1, 2, 3, 6, 9 and 12-months’ maturity.
- SWAP
SWAP being the interest rate swap mid-market quoted rate for the following maturities – 2, 3, 4, 5, 6, 7, 8, 9 and 10-years’ maturity, priced against 6-month CIBOR.