This rate is calculated daily by the South African Futures Exchange as the average prime lending rate quoted independently by a number of different banks. The rate is available in one-month, three-month, six-month and twelve-month discount terms. In particular, the three-month JIBAR rate is used as a benchmark of short-term interest rate movements.
- "A review of the rate-setting process of the Johannesburg Interbank Agreed Rate (Jibar) as an interest rate benchmark" (PDF). South African Reserve Bank. November 2012. p. 21.