interest rate benchmark
C13951
concept
An interest rate benchmark is a standardized reference rate, typically derived from the average rates at which major financial institutions lend to one another, used to set or compare interest rates on various financial products and contracts.
All labels observed (3)
| Label | Occurrences |
|---|---|
| benchmark interest rate | 4 |
| interest rate benchmark canonical | 4 |
| overnight interest rate | 1 |
Description generation (CDg)
The one-sentence description above was generated by prompting gpt-5.1 with the class name and this instruction.
Instruction
generate a one-sentence description for a given conceptual class. # Response Format Return only the sentence: "Description: [one-sentence description of the conceptional class]"
Input
Class: interest rate benchmark
Generated description
An interest rate benchmark is a standardized reference rate, typically derived from the average rates at which major financial institutions lend to one another, used to set or compare interest rates on various financial products and contracts.
Instances (8)
| Instance | Via concept surface |
|---|---|
| SELIC rate | benchmark interest rate |
| Official Cash Rate | benchmark interest rate |
| LIBOR | — |
| SOFR | — |
| CME Term SOFR | — |
| Secured Overnight Financing Rate | benchmark interest rate |
| 3-month U.S. dollar LIBOR | — |
| Bank Rate | benchmark interest rate |