Good Morning,

I am using RDP to retrieve GBP Libor 6M curve, and I have noticed that there is a difference with the data that I get from the Eikon Desktop Application using the RIC for Zero Coupon Curves 0#GBPSBSLZ=R. I would appreciate if you could explain me the reasons for the difference that I am going to show now.

In RDP, I am using the endpoint: https://api.refinitiv.com/data/quantitative-analytics-curves-and-surfaces/v1/curves/zc-curves, with the following body:

  
                

                 
{
    
                 
  "universe": [
                 
    {
    
                 
      "curveParameters": {
    
                 
        "valuationDate": "2021-12-31",
                 
        "priceSide": "Mid",
                 
        "interpolationMode": "CubicDiscount"
                 
      },
                 
      "curveDefinition": {
    
                 
        "currency": "GBP",
                 
        "indexName": "LIBOR",
                 
        "name": "GBP LIBOR Swap ZC Curve",
                 
        "source": "Refinitiv",
                 
        "discountingTenor": "OIS"
                 
      }
                 
    }
                 
  ],
                 
  "outputs": [
                 
    "Constituents",
                 
    "DetailedCurvePoint",
                 
    "UnderlyingCurves"
                 
  ]
                 
}
                

I am going to focus in the differences for the 20Y point. The 20Y point obtained from the API is:

  
                

                 
{             "endDate": "2041-12-31",
                 
              "startDate": "2021-12-31",
                 
              "discountFactor": 0.7923508883940772,
                 
              "ratePercent": 1.1705526921350629,
                 
              "tenor": "20Y",
                 
              "instruments": [
                 
                {
    
                 
                  "instrumentCode": "GBPSB6L20Y=TWEB",
                 
                  "value": 1.1705
                 
                }
                 
              ]
                 
            },
                

So, I understand that the 20Y zero coupon rate is 1.170552..., and it is obtained bootstrapping the TWEB swap curve (#0GBPSB6LIRS=TWEB).

In the Desktop Application, I usually use the RIC 0#GBPSBSLZ=R, whose description is "UK Pound Sterling SB 6M Libor Zero Coupon Yield Curve", to get the previous information. Here the data for 31-12-2021:

As you can see, the 20Y point of the green line is 1.343, which is far from the 1.170 obtained through the API.

Thanks in advance.