Non-sterling reference rates

External reference rates for currencies other than Pounds Sterling, commonly used by Barclays Business Banking in the UK for some Deposit products.

Non-sterling reference rates
Currency	Country	External Reference Rate	Day Count Used
AED	UAE	Central Bank of the U.A.E¹ Repo Rate	360
AUD	Australia	Reserve Bank of Australia Target Cash Rate^	360
CAD	Canada	Bank of Canada Target for the Overnight Rate^	360
CHF	Switzerland	Swiss National Bank Policy Rate²^	360
CNY	China	The People's Bank of China¹ 1 Year Policy Deposit Rate	360
CZK	Czech Republic	Czech National Bank 2 Week Repo Rate^	360
DKK	Denmark	Danish National Bank Certificates of Deposit Rate^	360
EUR	Eurozone	European Central Bank deposit facility rate^	360
HKD	Hong Kong	Hong Kong Monetary Authority Base Rate^	365
HUF	Hungary	Hungarian Central Bank Base Rate^	360
ILS	Israel	Bank of Israel Interest Rate^	365
JPY	Japan	Bank of Japan Complementary Deposit Facility Rate^	360
MXN	Mexico	Bank of Mexico Overnight Target Rate^	360
NOK	Norway	Norges Bank Key Policy Rate^	360
NZD	New Zealand	Reserve Bank of New Zealand Official Cash Rate^	360
PLN	Poland	National Bank Poland Reference Rate (Minimum Money Market Intervention Rate)^	365
RUB	Russia	Bank of Russia Key Rate^	360
SAR	Saudi Arabia	Saudi Arabian Monetary Agency Official Repo Rate^	360
SEK	Sweden	Swedish Riksbank Repo Rate^	360
SGD	Singapore	Monetary Authority of Singapore Standing Facility Borrowing Rate³^	365
TRY	Turkey	Central Bank of the Republic of Turkey 1 Week Repo Rate^	360
USD	USA	Federal Reserve Bank of New York Federal Funds Target Rate (Upper Bound)^	360
ZAR	South Africa	South African Reserve Bank Repo Rate^	365

^Links will take you to a non-Barclays site. Please note that Barclays is not responsible for the accuracy or content of this website, and is not recommending it or giving any assurances as to its standing. Barclays does not accept any liability for any loss or damage suffered as a result of its use.

1 - External reference rate not available on Central Bank website at present - please contact Central Bank directly should you wish to verify their current rate.

2 - We will apply as the reference rate the midpoint of the LIBOR spread published by the Swiss National Bank.

3 - We will apply as the reference rate the rate published on the first business day of each month with the rate updated monthly.

Notes

The information on this website does not apply to any committed term loan products, products with a fixed interest rate or any products which are charged on the basis of a published screen rate, such as LIBOR. Please consult your product documentation or contact your Business Relationship team or branch if you would like any more details regarding the basis of your rate.

Following a change to the reference rate for US Dollar and Euro the bank will update the rate on the same business day as the effective date of the rate change.

If the rate change is announced and is effective after normal business hours in London, or if the effective date of the rate change is not a business day in London, then the reference rate will be updated on the next business day. The bank will update the reference rate for currencies other than US Dollar and Euro following a change to that reference rate promptly and in any event within 5 business days of the effective date of the change.

We reserve the right to replace any of these reference rates from time to time.

Not all products are available in all currencies. If you would like details about the rates for any products or currencies, please contact your Business Relationship team or branch.

Negative reference rates on working capital products: If any external reference rate is less than zero then, for the purposes of calculating debit interest or excess interest (as applicable) for your working capital product, that rate will be deemed to be zero. For example, your overdraft might be charged at 3% over an external reference rate. If the external reference rate is -0.25%, you would be charged 3%.

Non-sterling reference rates

Important information