The British Bankers’ Association (BBA) fixing of the London Interbank Offered Rate (LIBOR). BBA LIBOR was used as a benchmark or reference rate for calculating interest. It was compiled by the BBA and released to the market at about 11.00 am each day. BBA LIBOR was superseded by ICE LIBOR on 1 February 2014.

For more information on why BBA LIBOR was superseded by ICE LIBOR, see Practice note, Interest rate benchmark reform: reform of existing rates: LIBOR.