STIBOR has a particular significance in relation to IG's platform. Here, we define STIBOR in general investing and explain what it means to you when trading with IG.
STIBOR definition
STIBOR stands for the Stockholm Interbank Offered Rate, the benchmark used as the basis for interest rates in Sweden. It works in a similar way to LIBOR and Euribor, market rates set in London and across Europe.
Like other reference rates, STIBOR is calculated as an average of the interest rates offered by a number of Swedish banks when they offer short term loans to one another. The figure is then used as a basis for charges on loans made elsewhere in the country.
STIBOR is set for a number of different durations of loan. The shortest of these is tomorrow-next and longest six months.
With IG
Our funding charges for daily CFDs held overnight are based on interbank rates, which could be the STIBOR for trades made in Swedish Krona.
