The interest rate benchmark, within the meaning of Article3(1)(22) of the Benchmarks Regulation, being a critical benchmark within the meaning of Article 3(1)(25) of the Benchmarks Regulation, reflecting the interest rate at which entities meeting the Fixing Participant Criteria are ready to place a Deposit for a specific Fixing Tenor with other entities that meet the Fixing Participant Criteria.

• Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014
  Place of publication: Dz.Urz. UE L 171 z 29.6.2016, s. 1, z późn. zm.