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SHIR – Background

The SHIR will be replacing the Telbor rate in interest rate derivative transactions, and will serve as the overnight interest rate for that day (same-day fixing). 

The decision to replace the Telbor rate is in line with decisions reached in major countries worldwide, according to which IBOR interest rates will be replaced with risk-free overnight interest rates.

SHIR began to be published on May 2022.

This page was last updated on: 12/12/2023