European Benchmark Administrators Forum (EBAF)

EBAF Banneer 3.jpg

About EBAF

The European Benchmark Administrators' Forum (EBAF) is a collaborative platform for benchmark administrators across Europe. It serves as a space for exchanging views on common areas of interest related to interest rate benchmarks while fostering communication and cooperation among members to ensure robust and reliable benchmarks that underpin the European financial ecosystem.

EBAF aims to:

  • Facilitate dialogue between benchmark administrators on key industry developments.
  • Promote best practices in benchmark governance, methodology, and regulatory compliance.
  • Enhance transparency and trust in financial benchmarks.

EBAF Members

EBAF is composed of authorised benchmark administrators in Europe, representing a diverse range of Interest rate benchmarks. Each member contributes unique expertise and insights to advance the shared goals of the forum.

The founding members are:

  • CFBF

The Czech Financial Benchmark Facility (CFBF) is an administrator of the PRIBOR benchmark, established to oversee the provision and governance of financial, and other, benchmarks and indices in the Czech Republic. 

  • DFBF

The Danish Financial Benchmark Facility is an independent benchmark administrator, specifically set up to administer the Danish financial benchmarks CIBOR®, Tom/Next, CITA, and SWAP.

The primary purpose of DFBF is to provide a best practice governance environment for the production of the Danish benchmarks under the European Benchmark Regulation (BMR).

The DFBF is an authorised Benchmark administrator and assumed responsibility for all aspects of the benchmarks’ provision under BMR on 1 January 2020.

  • EMMI

Based in Brussels, The European Money Markets Institute (EMMI) is a non-for-profit association founded in 1999 by the national banking associations of the Member States of the European Union, along with the introduction of the euro.

EMMI's primary role is to administrate and develop critical financial benchmarks, such as Euribor and EFTERM, enabling the smooth functioning of the European money markets.

  • NORE

Norske Finansielle Referanser AS (NoRe) is administrator for Nibor (Norwegian Interbank Offered Rate)®. NoRe is owned by Finance Norway, the organisation for the financial industry in Norway.

NoRe must comply with the EU Benchmark Regulation, which is included in the European Economic Area Agreement and incorporated in the Norwegian legislation. Nibor has been recognised by the European Commission as a critical benchmark.

  • SFBF

The Swedish Financial Benchmark Facility (SFBF) is the independent administrator of STIBOR, Sweden's official interest rate benchmark deemed critical under the Benchmark Regulations, ensuring robust governance and compliance with regulatory frameworks and international standards.

 

Documents

file

Terms of Reference EBAF

EBAF | July 2025