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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 MatchesLondon 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. 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. London Interbank Bid Rate (LIBID)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. 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. Clearing house interbank payment systemClearing house interbank payment systemA computerised payment system for clearing cheques in New York. Further SuggestionsInterbank rateInterbank market Interbank rate Moscow Interbank Currency Exchange (MICEX) Clearing House Interbank Payments System (CHIPS) Paris Interbank Offer Rate (PIBOR) |
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