External Reference Rates
External reference rates for currencies commonly used by Barclays Corporate Banking for some Working Capital and Deposit products
External reference rates are effective from 31 October 2016
^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.
1External reference rate not available on Central Bank website at present - please contact Central Bank directly should you wish to verify their current rate.
2A Central Bank rate is not published for this currency. We will apply a reference rate of zero.
3We will apply as the reference rate the midpoint of the LIBOR spread published by the Swiss National Bank.
4We will apply as the reference rate the rate published on the first business day of each month with the rate updated monthly.
5Currency available in both Barclays Bank PLC and Barclays Bank Ireland PLC
These interest rates are in relation to accounts you hold with Barclays in the UK (provided by Barclays Bank PLC), France (provided by Barclays Bank Ireland PLC, French Branch), Germany (provided by Barclays Bank Ireland PLC, Frankfurt Branch), Ireland (provided by Barclays Bank Ireland PLC), Spain (provided by Barclays Bank Ireland PLC, Spanish Branch), Italy (provided by Barclays Bank Ireland PLC, Italian branch) and/or Portugal (provided by Barclays Bank Ireland PLC, Portuguese Branch) as applicable.
The terms which apply to each Account are those terms which govern that Account in the relevant Barclays Country (e.g. an Account the customer holds in the UK, provided by Barclays Bank PLC, would be subject to the terms of the Barclays Customer Agreement applicable to that Account in the UK).
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%.