With regards to international convention, interbank offered rates ie., LIBOR (London), EURIBOR
(Eurozone), TIBOR (Tokyo) and SIBOR (Singapore), are common interest rates that have been widely
used in each market. Other things being equal, BIBOR has desirable properties compared to THBFIX. It is
stable, transparent and could shield-out effects from external factors, reflect liquidity condition as well as
interest rate expectation.