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London Interbank Offered Rate (LIBOR) |
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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.London Interbank Offered Rate (LIBOR) Similar MatchesInterbank rateInterbank rateSee: LIBOR Clearing house interbank payment systemClearing house interbank payment systemA computerised payment system for clearing cheques in New York. Society for Worldwide Interbank Financial TelecommunicationsSociety for Worldwide Interbank Financial TelecommunicationsAn international body which sets protocols and standards for international payment systems, such as electronic money transfers. Society for Worldwide Interbank Financial Telecommunications (SWIFT)Society for Worldwide Interbank Financial Telecommunications (SWIFT)A dedicated computer network to support funds transfer messages internationally between over 900 member banks world-wide. Interbank marketInterbank marketFinancial institutions exchange of currencies between and among themselves. Further SuggestionsParis Interbank Offer Rate (PIBOR)Interbank rate Moscow Interbank Currency Exchange (MICEX) Clearing House Interbank Payments System (CHIPS) London interbank offered rate London Interbank Bid Rate (LIBID) |
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