The U.S. Dollar ICE Bank Yield Index is an index proposed by

Intercontinental Exchange Intercontinental Exchange, Inc. (ICE) is an American company formed in 2000 that operates global financial exchanges and clearing houses and provides mortgage technology, data and listing services. Listed on the Fortune 500, S&P 500, and Russell ...

Benchmark Administration (IBA) in January 2019 to measure the yields at which investors are willing to lend U.S. dollar funds to large, internationally active banks on a wholesale, unsecured basis over one-month, three-month and six-month periods. Its usage is intended to be similar to how

Libor The London Inter-Bank Offered Rate is an interest-rate average calculated from estimates submitted by the leading banks in London. Each bank estimates what it would be charged were it to borrow from other banks. The resulting average rate is u ...

is currently used. Due to issues with interference with Libor and recommendations to phase it out, the USD ICE BYI has been designed to be fully transaction based, avoiding issues with manipulation. The methodology has been in testing for the past year and IBA is inviting market participants to review and provide feedback during the first quarter of 2019.

References

Intercontinental Exchange American stock market indices {{Stockexchange-stub