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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.

Currency

Country

External Reference Rate

Day Count Used

AED

UAE

Central Bank of the U.A.E1
Repo Rate

360

AUD

Australia

360

CAD

Canada

360

CHF

Switzerland

360

CNY

China

The People's Bank of China1
1 Year Policy Deposit Rate

360

CZK

Czech Republic

360

DKK

Denmark

360

EUR

Eurozone

360

HKD

Hong Kong

365

HUF

Hungary

360

ILS

Israel

365

JPY

Japan

360

MXN

Mexico

360

NOK

Norway

360

NZD

New Zealand

360

PLN

Poland

365

RUB

Russia

360

SAR

Saudi Arabia

360

SEK

Sweden

360

SGD

Singapore

365

TRY

Turkey

360

USD

USA

360

ZAR

South Africa

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 relationship point 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 relationship point 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%.