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FAQ

  • STIBOR

    ISIN for STIBOR

    The international securities identification numbers (ISINs) for STIBOR are:

    TENORISIN
    STIBOR TNSE0020678456
    STIBOR 1WSE0020678787
    STIBOR 1MSE0020678795
    STIBOR 2MSE0020678803
    STIBOR 3MSE0020678811
    STIBOR 6MSE0020678829
  • Data - Access and Distribution

    Where is the Historical Data displayed when logged in?

    To view the Historical Data you will need to log in as an registered user to gain access. Once you’ve registered and logged in the Historical Data will be activated and automatically displayed on the Rates-page.

    For a logged in user the Rates page will look as follows.

    In comparison, for a user not logged in the Rates page will look as follows.

  • Data - Access and Distribution

    Will my company need an agreement to re-distribute the data (direct and derived)?

    A subscription agreement allows use of the data for internal business purposes and to provide subsets of the benchmarks to clients for reporting purposes. The subscription agreement describes the use rights.
    If however, you wish to distribute the benchmark data as a service i.e. redistribution, distribution of indexes and derived data to third parties etc you will need to contact SFBF to get a distribution licence agreement.

  • Data - Access and Distribution

    Delayed Data and re-distribution

    The SFBF website will provide delayed data for internal business use, not intended to be resold to third parties. 

    In the case that you wish to distribute delayed data to third parties as a data service, you will need to enter into a distribution agreement with SFBF.

    Many vendors are providing the delayed data at no charge.  There is no requirement to have any direct subscription agreement with SFBF to receive this data from your existing vendor. Delayed data can be used according to the use conditions of your existing vendor.

     

     

  • Subscription & Fees

    What are the licensing requirements for STIBOR?

    Fees are only applicable to subscribers if they wish to receive the live data (up to 24 hours delayed) from an authorised vendor.

    In the case that you wish to distribute delayed data to third parties as a data service, you will need to enter into a distribution agreement with SFBF.

    The SFBF website will provide delayed data for internal business use, not intended to be resold to third parties.  Many vendors are providing the delayed data at no charge.  There is no requirement to have any direct subscription agreement with SFBF to receive this data from your existing vendor. Delayed data can be used according to the use conditions of your existing vendor.

     

  • Compliance

    Is SFBF an authorised administrator under the EU Benchmarks Regulation (‘BMR’)?

    The Swedish Financial Benchmark Facility (‘SFBF’) is as of April 21, 2023, authorised by the Swedish Financial Supervisory Authority (‘Finansinspektionen’) to operate as a benchmark administrator pursuant to Article 34.1.a of the EU Benchmarks Regulation (‘BMR’).

    SFBF has been added to the European Securities and Markets Authority’s register of administrators under the BMR. Finansinspektionen will conduct ongoing supervision of SFBF as an administrator of STIBOR in accordance with the requirements set out in the BMR.

     

     

  • Subscription & Fees

    Can I pay my fee in installments, monthly or quarterly?

    Invoices are payable in advance on an annual basis. The annual subscription period is 1 January to 31 December.

  • Data - Access and Distribution

    Which vendors are authorised to redistribute the data of SFBF?

    Live Data Distribution

    • Bloomberg
    • ICE
    • INFRONT ASA / VWD
    • Morningstar
    • Refinitiv
    • SDC
    • SIX Financial Information

    Delayed Data Distribution

    • BEC
    • Bloomberg
    • Databond oy
    • FactSet
    • ICE
    • ION Group / Reval
    • INFRONT ASA / VWD
    • Macrobond
    • Millistream
    • QRM
    • Refinitiv
    • RIMES
    • SIX Financial Information
    • TietoEvry
  • Compliance

    Provision of services toward Russian entities

    In line with the sanctions officially adopted by the EU’s foreign ministers against Russian entities from February 2022, the Swedish Financial Benchmark Facility (SFBF) and its Calculation Agent have conducted a full review of all vendors, exchange and subscription relationships. SFBF has, as of today, no Russian exposure.

  • Data - Access and Distribution

    Where can I find the STIBOR Statistics Averages?

    The average statistics for STIBOR are provided for monthly, quarterly and yearly periods spanning from 2013 to the present day.  The data is updated monthly and made available for download (.xls) provided prior registration.

     

  • Compliance

    Is STIBOR BMR compliant?

    Yes. The Swedish Financial Benchmark Facility (‘SFBF’) have made changes to the STIBOR calculation methodology to better align the benchmark with the requirements in the Benchmark Regulation (EU) and related regulations.

    SFBF is as of April 21, 2023, authorised by the Swedish Financial Supervisory Authority (‘Finansinspektionen’) to operate as a benchmark administrator pursuant to Article 34.1.a of the EU Benchmarks Regulation (‘BMR’).

    SFBF has been added to the European Securities and Markets Authority’s register of administrators under the BMR. Finansinspektionen will conduct ongoing supervision of SFBF as an administrator of STIBOR in accordance with the requirements set out in the BMR.

     

     

  • Subscription & Fees

    STIBOR Benchmark Subscription Period

    The annual subscription period for the STIBOR Benchmark runs from 1st January to 31st December.

  • STIBOR

    Is STIBOR Tom/Next in a planned cessation stage?

    Should such a transition occur there may develop the case where Tom/Next STIBOR is no longer broadly referenced. At such a time a planned cessation of Tom/Next STIBOR could be proposed by the SFBF in accordance with its policies aligned to the requirements of BMR. In the meantime, the SFBF recognises the importance of Tom/Next STIBOR in the settlement of local currency derivative products and the requirement therefore, for it to be maintained to avoid any unnecessary market uncertainty and disruption.

    The development of the SWESTR rate by the Riksbank provides a required fallback to STIBOR and further may provide market participants and other users of STIBOR with an alternative short term reference rate that users may wish to transition towards. A transition away from Tom/Next STIBOR to the overnight SWESTR rate will be market-led, decided by market participants and users of STIBOR rather than it being a decision for the SFBF.

  • Data - Access and Distribution

    Where can I find individual Panel Bank contributions?

    Individual Panel Bank contributions ceased to be published as of 1 November 2021. Advance notice that the publication of individual Panel Bank contributions was to be phased out prior to the introduction of the revised STIBOR Calculation Methodology was given in the SFBF Consultation Paper published in March 2021.

  • STIBOR

    Has the use of STIBOR by UK supervised users been affected by BREXIT?

    Following the withdrawal of the UK from the EU on 31 January 2020 and the end of the accompanying transitional period on 31 December 2020 the UK has enacted a Benchmark Regulation framework which will have an impact on the use of STIBOR by UK supervised users.

    The UK has implemented further transitional arrangements such that UK supervised users can continue to use 3rd country benchmarks (such as STIBOR) until at least the end of 2022 without either the benchmark or its administrator being registered with the UK Financial Conduct Authority (FCA).

    Once SFBF receives authorisation under the EU Benchmark Regulation as the administrator of STIBOR, it intends to apply to the UK FCA for the inclusion of the SFBF on the UK register of approved benchmark administrators to allow UK supervised users to continue to use STIBOR post the 2022 year end deadline.