Regulatory Alerts2011-10-31
Notice No. 12/2011 of October 20, 2011 – Luanda Interbank Offered Rate (LUIBOR)
The Banco Nacional de Angola’s Governor’s Office issued Notice No. 12/2011 to institutionalize the Luanda Interbank Offered Rate (LUIBOR) and establish its governing framework. The regulation mandates daily data collection via the SIGMA system or designated communication channels by ten major participating banks, with interest rates submitted by 14:30 and calculated using a weighted average methodology that excludes market outliers based on distribution asymmetry. LUIBOR is subsequently published daily by 08:30 across the Bank’s website, electronic financial platforms, and national newspapers to ensure transparent interbank liquidity pricing.
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