ICE

ICE Benchmark Administration (IBA)

Licensing & Data

ICE Benchmark Administration (IBA) provides transparent, fair and sustainable access to the benchmarks for all users. IBA licenses the use or redistribution of the benchmarks on a commercial and reasonable basis, to help set standards of fairness and transparency in benchmark distribution and licensing.

IBA benchmark data is available on a real-time, intraday or delayed basis through redistribution partners. Additionally delayed benchmark data is available free of charge on the Historical Data & Reports page. For ICE LIBOR and ICE Swap Rate, intraday data is available 4 hours after original publication time and delayed data is available 24 hours after original publication time. For LBMA Gold Price delayed data is available 30 minutes after original publication time.

Clients wishing to use or redistribute IBA’s benchmarks require a license. Further information on the types of licenses available can be found below. To take a license, or to find out if one is required for your use, please use the online licensing wizard.

Licenses

There are four types of license for our benchmarks: Usage, Redistribution, Trading/Clearing and Historical Access. Any party involved in one of the following activities is required to take license.

  1. Usage License is required for any party that:
    • Uses IBA benchmarks in valuation and pricing activities, including (but not limited to): collateral calculations, interest rate fixings, pricing curves, discount curves and forward curves; and/or
    • Uses IBA's benchmarks as a reference rate in transactions and financial products including (but not limited to): swaps, FRAs, mortgages and loans.
  2. Redistribution License is required for any party that redistributes IBA's benchmarks to third parties, either real-time or delayed.
  3. Trading/Clearing License is required for any party that offers trading/clearing of financial contracts for which an IBA benchmark is the underlying reference, typically a trading venue or clearing house
  4. Historical Access License is required for any party wanting to access consolidated monthly historical rates files and submissions data directly from the IBA database. A Historical Access License is not required where historical data is accessed via a third party distributor or the IBA historical data page.
  5. ETP Issuer Licence (For LBMA Gold Price only) is required for the issuance of exchange traded products (ETPs), such as an exchange traded fund (ETF), where the benchmark serves as, or part of, the underlying reference.

The on-line licensing wizard is available to determine which license you require based on your intended use.

Licensing and Documentation

Data Vendors and Redistributors

Clients may choose to access benchmark rates from our redistribution partners. The following are market data vendors providing real-time benchmark information who have chosen to be featured on our website.

Data VendorWeb SiteICE LIBORICE Swap RateLBMA Gold Price
Bloomberghttp://www.bloomberg.com/
Class Editori S.p.A.http://www.classeditori.it  
FastMarketshttp://www.fastmarkets.com/  
Interactive Datahttp://www.interactivedata.com/ 
Proquotehttp://www.proquote.com/  
Quickhttp://www.quick.co.jp/  
SIX Financial Informationhttp://www.six-financial-information.com/
SunGardhttp://www.sungard.com/marketmap 
SuperDerivativeshttps://www.superderivatives.com/ 
Thomson Reutershttp://www.thomsonreuters.com/
vwd Vereinigte Wirtschaftsdienstehttp://www.vwd.com/  

Additional Access Options for ICE LIBOR

All of IBA's benchmarks can be accessed from redistributors and data vendors. For historical continuity, clients with a license for LIBOR have two additional options for accessing the rates:

  • IBA's MFT service
  • IBA's daily email distribution

MFT Service

  • Licensed clients are able to download LIBOR rate information from ICE MFT servers at time of publication (around 11:45am London time)
  • Files are published in FIXML format with one file for each currency
  • Clients are also able to access historical LIBOR rates files, going back to 1st June 2004
  • In order to set up access to this service, clients are required to generate SSH keys and provide these to: IBA-Licensing@theice.com
  • An MFT service client specification and sample files can be found in the Technical Documentation section

E-Mail Service

  • Licensed clients can choose to subscribe to the ICE LIBOR e-mail service. Files are attached to the email in FIXML format with one file for each currency
  • Although every effort is made by IBA to provide the email service in a timely manner each day, clients for whom access to the rates is time-critical should use a data vendor or IBA's MFT service
  • In order to set up access to this service, clients are required to provide an email address(es), to which the data should be sent, to: IBA-Licensing@theice.com
  • An email service client specification can be found here LIBOR Email Specification and sample files can be found in the Technical Documentation section

Technical Documentation

MFT Specification

The following document is a client specification for retrieving ICE LIBOR, ICE Swap Rate and LBMA Gold Price files from the MFT platform. Please note that for ICE Swap Rate and LBMA Gold Price access to this platform is restricted to data vendors and redistributors only.

Sample Files - ICE LIBOR

ICE LIBOR rates files are in FIXML format. Sample files are provided to help clients in setting up their systems.

Sample Files - ICE Swap Rate

Sample Files - LBMA Gold Price

Note: Clients may find it easier to view the contents of the FIXML file using Microsoft Excel to tabulate the data into headed columns. To do this, save the file to your computer, then drag and drop the file onto an open Microsoft Excel window and select 'As an XML table' when presented with the 'Open XML' dialogue box (you may need to click 'OK' again if asked whether to create a schema based on the XML source data).