Why choose SAIBOR?
SAIBOR is the rate at which contributing banks would be able to borrow unsecured interbank funds in Saudi Riyals, were they to accept offers in reasonable market size from other banks in the SAIBOR panel at 11:00 am Riyadh time.
You can access the SAIBOR rates via Workspace, our data feeds, or from other information vendors.
SAIBOR is administered by FTSE International Limited.
How it works
SAIBOR in detail
Administered
Administered and calculated in alignment with the IOSCO Principles for Financial Benchmarks, SAIBOR comprises 6 maturities – overnight, 1-week, 1-month, 3-month, 6-month, and 1-year.
Methodology
The benchmark is calculated as the arithmetic average of submissions after the 2 highest and lowest rates have been discarded and is published to five decimal places.
Published
It is published from Sunday to Thursday at 12:00pm KSA (Saudi Arabia) time, subject to local market holidays, as advised by the Saudi Arabian Monetary Authority (“SAMA”). (Prior to 2nd January 2022, SAIBOR was published at 11:00am KSA time.)
Accessing rates data
Benchmark data is made available on LSEG Data & Analytics platforms, through direct data feeds and APIs and is widely available through other third-party market data vendors and authorised redistributors.
Key resources
Methodology
Benchmark resources
SAIBOR Oversight Committee
Features and benefits
What you get with SAIBOR
We ensure all financial benchmark methodologies are transparent and adhere to the IOSCO principles for financial benchmarks.
The benchmark relies on data from a number of submitters to ensure accuracy.
The rate is on page <SUAA>. Additional information: <SAIBOR01>. Individual bank submissions: <SAIBOR02> to <SAIBOR07>.
