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London Interbank Bid Rate (LIBID) |
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London Interbank Bid Rate (LIBID)The bid rate that a Euromarket bank is willing to pay to attract a deposit from another Euromarket bank in London. Related: LIBOR.London Interbank Bid Rate (LIBID) Similar MatchesMoscow Interbank Currency Exchange (MICEX)Moscow Interbank Currency Exchange (MICEX)Established in 1992, the most liquid and best organized financial exchange in Russia. London interbank offered rateLondon interbank offered rateThe interest rate that the largest international banks charge each other for loans, usually of Eurodollars. In fact, LIBOR includes rates quoted each day for many currencies, excluding the euro, but it is the rate for dollar loans that is used as a benchmark for other transactions. Interbank rateInterbank rateThe rate of interest charged by a bank on a loan to another bank. See LIBOR. Clearing House Interbank Payments System (CHIPS)Clearing House Interbank Payments System (CHIPS)An international wire transfer system for high-value payments operated by a group of major banks. London Interbank Offered Rate (LIBOR)London Interbank Offered Rate (LIBOR)The rate of interest that major international banks in London charge each other for borrowings. Many variable interest rates in the US are based on spreads off LIBOR. By contrast with the bid rate LIBID quoted by banks seeking such deposits. Further SuggestionsInterbank rateInterbank market Society for Worldwide Interbank Financial Telecommunications clearing house interbank payment system Society for Worldwide Interbank Financial Telecommunications (SWIFT) Paris Interbank Offer Rate (PIBOR) |
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