The Johannesburg Interbank Average Rate (JIBAR) is the money market rate used in South Africa. It comes in one-month, three-month, six-month, and 12-month discount terms.
The top two and the bottom two are eliminated and mann and Sondermann [3] showed that it is possible to the remaining 10 are averaged and rounded to 3 decimal construct an arbitrage-free interest rate model in which places. The resulting rate is termed a k-month JIBAR rate the LIBOR ...