Countries

ISO Country Benchmark Benchmark description Tenor
AFN Afghanistan
ALL Albania 6 months T-bills (avg deal tenor > 3 yr)   10 yrs fixed
DZD Algeria 6 months T-bills 10 yrs fixed
AOA Angola 6 months T-bills 7.5 yrs fixed
XCD Antigua and Barbuda
ARS Argentina 30-35d BADLAR Private Banks (Buenos Aires Interbank Offer Rate) 15 yrs fixed
AMD Armenia 6 months T-bills 15 yrs fixed
AZN Azerbaijan No floating rate benchmark available 5 yrs fixed
BDT Bangladesh 6 months T-bills 15 yrs fixed
BBD Barbados
BYR Belarus No floating rate benchmark available Pricing up to 5Y fixed is possible based on macroeconomic model. Please contact TCX for indicative quote. 5 yrs fixed
BZD Belize
XOF Benin No floating rate benchmark available 15 yrs fixed
INR Bhutan
BOB Bolivia No floating rate benchmark available 15 yrs fixed
BAM Bosnia and Herzegovina No floating rate benchmark available 15 yrs fixed
BWP Botswana 91-day Bank of Botswana Certificate (BoBC) (suspended) 15 yrs fixed
BRL Brazil CDI, 180-day Pre-DI CDI = Brazil CETIP Deposito Interbancario (Interbank Deposit) rate = overnight DI rate. CDI is calculated by CETIP. Pre-DIs are calculated by the Bolsa de Mercadorias & Futuros (Brazilian Mercantile & Futures Exchange) CETIP = Center for Custody and Financial Settlement of Securities. Pre-DI = Brazilian swap rate, where Pre is the fixed rate and DI is the floating rate 15 yrs fixed
XOF Burkina Faso No floating rate benchmark available 15 yrs fixed
BIF Burundi 6 months T-bills
KHR Cambodia No floating rate benchmark available Pricing up to 5Y fixed is possible based on macroeconomic model. Please contact TCX for indicative quote. 5 yrs fixed
XAF Cameroon No floating rate benchmark available Floating rate is not available, TCX offers only fixed rate based on EUR curve plus risk premium. 15 yrs fixed
CVE Cape Verde
XAF Central African Republic No floating rate benchmark available 15 yrs fixed
XAF Chad No floating rate benchmark available 15 yrs fixed
CLP Chile 1-day TCPI Tasa de Interés Promedio Interbancaria a 1 dia (TIPI) Overnight Interbank Average Interest Rate 15 yrs fixed
CNY China 6-month SHIBOR SHIBOR stands for Shanghai Interbank Offered Rate 15 yrs fixed
COP Colombia 90-day IBR 15 yrs fixed
KMF Comoros
XAF Congo No floating rate benchmark available 15 yrs fixed
CRC Costa Rica Tasa Basica (6 months) 15 yrs fixed
XOF Cote d Ivoire No floating rate benchmark available 15 yrs fixed
HRK Croatia
CUP Cuba
CDF Democratic Republic of the Congo No floating rate benchmark available Fixed up to 5Y is possible under the FPAS model. 5 yrs fixed
DJF Djibouti
XCD Dominica
DOP Dominican Republic Tasa de interes pasiva promedio ponderada de los Bancos Multiples (TPPP) - 3 months rate 3 months benchmark 15 yrs fixed
USD Ecuador
EGP Egypt 6-month T-bills 15 yrs fixed
SVC El Salvador
XAF Equatorial Guinea No floating rate benchmark available 15 yrs fixed
ERN Eritrea
ETB Ethiopia No floating rate benchmark available Pricing up to 5Y fixed is possible based on macroeconomic model. Please contact TCX for indicative quote. 5 yrs fixed
FJD Fiji 6 months T-bills 15 yrs fixed
XAF Gabon No floating rate benchmark available 15 yrs fixed
GMD Gambia 6 months T-bills
GEL Georgia 6 months Certificate of Deposit 15 yrs fixed
GHS Ghana 6 months T-bills (avg deal tenor > 3yr) 5 yrs fixed
XCD Grenada
GTQ Guatemala TPPP - 6 months rate 15 yrs fixed
GNF Guinea
XOF Guinea-Bissau No floating rate benchmark available 15 yrs fixed
GYD Guyana 5 yrs fixed
HTG Haiti No floating rate benchmark available No benchmark available. Only fixed 5 yrs fixed
HNL Honduras 6 months T-bills Retrieved from the latest Subasta Publica de Valores Gubernamentales using linear interpolation 10 yrs fixed
INR India 3 months MIFOR MIFOR = Mumbai Forward Inter-bank Offer Rate FIMMDA = Fixed Income Money Market and Derivative Association of India NSE = National Stock Exchange of India 15 yrs fixed
IDR Indonesia 6 months JIBOR OR 6 months Bank of Indonesia deposit rates JIBOR = Jakarta Interbank Offering Rate  15 yrs fixed
IRR Iran
IQD Iraq
JMD Jamaica 6-months T-bills 15 yrs fixed
JOD Jordan 6 -months JODIBOR JODIBOR stands for Jordanian Dinar Interbank Offered Rate and is calculated by the Association of Banks in Jordan (ABJ). 7.5 yrs fixed
KZT Kazakhstan 3-month KazPrime KazPrime is an index of the average interbank deposit rates in KZT of prime banks in the Kazakhstan market for predefined terms.  15 yrs fixed
KES Kenya 6 months T-bills (avg deal tenor > 3yr) 15 yrs fixed
KGS Kyrgyzstan 12 months T-bills (avg deal tenor >3 yr) 7.5 yrs fixed
LAK Laos 5 yrs fixed
LBP Lebanon 6 months T-bills 7 yrs fixed
ZAR Lesotho
LRD Liberia No floating rate benchmark available 5 yrs fixed
LYD Libya
MKD Macedonia 28-days Central Bank Bills 5 yrs fixed
MGA Madagascar 6 months T-bills 5 yrs fixed
MWK Malawi 4.5 yrs fixed
MYR Malaysia 6 months KLIBOR KLIBOR stands for Kuala Lumpur Interbank Offered Rate, but is also known as Malaysia Interbank Offered Rate 15 yrs fixed
XOF Mali No floating rate benchmark available 15 yrs fixed
MRO Mauritania 13 weeks T-bills 4 weeks and 13 weeks T-bills are approved benchmarks
MUR Mauritius 6 months T-bills upon request 15 yrs fixed
MXN Mexico 91-day TIIE Tasa de Interés Interbancaria de Equilibrio, Interbank Equilibrium Interest Rate 15 yrs fixed
MDL Moldova 6m to 12m Total Deposits (suspended) 6-12m Total Deposit Rate 5 yrs fixed
MNT Mongolia Average of the 6m UBIBID and UBIBOR UBIBID = Ulaanbaatar Interbank Bid Rate UBIBOR = Ulaanbaatar Interbank Offered Rate  5 yrs fixed
MAD Morocco Floating rate benchmark available upon request (6 months T-bills) TCX can do fixed up to 15 yrs 15 yrs fixed
MZN Mozambique 6 months T-bills (suspended) 5 yrs fixed
MMK Myanmar No floating rate benchmark available 5 yrs fixed
NAD Namibia 6 months T-bills 6m T-bills 15 yrs fixed
NPR Nepal No floating rate benchmark available 15 yrs fixed
NIO Nicaragua No floating rate benchmark available 15 yrs fixed
XOF Niger No floating rate benchmark available 15 yrs fixed
NGN Nigeria 6 months T-bills (suspended) 15 yrs fixed
KPW North Korea
OMR Oman
PKR Pakistan 6 months KIBOR KIBOR stands for Karachi Interbank Offered Rate 15 yrs fixed
PGK Papua New Guinea 6 months T-bills 7.5 yrs fixed
PYG Paraguay PYG 182 days and 365 days CDA, monthly average rate 10 yrs fixed
PEN Peru 6 months LIMABOR in PEN LIMABOR stands for Lima Interbank Offered Rate and is calculated by ASBANC (Asociación de Bancos del Perú) 15 yrs fixed
PHP Philippines 6 months PHIREF PHIREF = Philippine Inter-Bank Reference Rate which is implied peso rate derived from all done USDPHP swap and forward transactions 15 yrs fixed
RWF Rwanda 6 months T-bills Fixed is possible up to 5Y based on model pricing. Please contact TCX for indicative quote. 5 yrs fixed
WST Samoa
STD São Tomé and Príncipe
SAR Saudi Arabia
XOF Senegal No floating rate benchmark available 15 yrs fixed
RSD Serbia 6 months BELIBOR (avg deal tenor > 3yr) BELIBOR (Belgrade Interbank Offered Rate) 10 yrs fixed
SCR Seychelles 5 yrs fixed
SLL Sierra Leone No floating rate benchmark available 5 yrs fixed
SBD Solomon Islands 6 months T-bills
SOS Somalia
ZAR South Africa 6 months JIBAR JIBAR (Johannesburg Interbank Agreed Rate) 15 yrs fixed
LKR Sri Lanka 6 months T-bills, 6m SLIBOR T-bills-Treasury bills SLIBOR = Sri Lanka Interbank Offer Rate 15 yrs fixed
XCD St. Kitts & Nevis
XCD St. Lucia
XCD St. Vincent & the Grenadines
SDG Sudan
SRD Suriname
SZL Swaziland
SYP Syria
TJS Tajikistan No floating rate benchmark available Pricing up to 5Y fixed is possible based on the macroeconomic model. Please contact TCX for indicative quote. 5 yrs fixed
TZS Tanzania 6 months T-bills (avg deal tenor > 3yr) 15 yrs fixed
THB Thailand 6 months BIBOR BIBOR = Bangkok Interbank Offered Rate 15 yrs fixed
XOF Togo No floating rate benchmark available 15 yrs fixed
TOP Tonga
TND Tunisia Taux Moyen Mensuel du Marché Monétaire (TMM) - 1 month rate  (TMM) (the weighted average of monthly interbank rate) 15 yrs fixed
TRY Turkey 6 months TRLIBOR TRLIBOR (Banks Association of Turkey, Turkish Lira Reference Interest Rate) 15 yrs fixed
TMT Turkmenistan
UGX Uganda 6 months T-bills 15 yrs fixed
UAH Ukraine No floating rate benchmark available 7.5 yrs fixed
UYU Uruguay 180-day ITLUP ITLUP = Indice de Tasas de Rendimiento de Letras de Tesorería en Moneda Nacional, UYU T-bill Indices 10 yrs fixed
UZS Uzbekistan No floating rate benchmark available Fixed up to 5Y is possible under the FPAS model. Please contact TCX for indicative pricing. 5 yrs fixed
VUV Vanuatu
VEF Venezuela
VND Vietnam 6 months VNIBOR VNIBOR (Vietnam Interbank Offered Rate) 15 yrs fixed
XOF West Africa Floating rate not available (only fixed rate) 15 yrs fixed
MAD Western Sahara
ZMW Zambia 182-day T-bills 15 yrs fixed
ZWL Zimbabwe