|
|
London Interbank Offered Rate (LIBOR) |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
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 MatchesClearing 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. Interbank rateInterbank rateThe rate of interest charged by a bank on a loan to another bank. See LIBOR. Paris Interbank Offer Rate (PIBOR)Paris Interbank Offer Rate (PIBOR)The deposit rate on interbank transactions in the Eurocurrency market quoted in Paris. Interbank marketInterbank marketFinancial institutions exchange of currencies between and among themselves. Interbank rateInterbank rateSee: LIBOR Further SuggestionsSociety for Worldwide Interbank Financial Telecommunications (SWIFT)clearing house interbank payment system Moscow Interbank Currency Exchange (MICEX) Society for Worldwide Interbank Financial Telecommunications London interbank offered rate London Interbank Bid Rate (LIBID) |
|
|
|