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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 MatchesMoscow Interbank Currency Exchange (MICEX)Moscow Interbank Currency Exchange (MICEX)Established in 1992, the most liquid and best organized financial exchange in Russia. Interbank rateInterbank rateThe rate of interest charged by a bank on a loan to another bank. See LIBOR. Clearing house interbank payment systemClearing house interbank payment systemA computerised payment system for clearing cheques in New York. Interbank marketInterbank marketFinancial institutions exchange of currencies between and among themselves. 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. Further SuggestionsLondon interbank offered rateParis Interbank Offer Rate (PIBOR) Interbank rate Society for Worldwide Interbank Financial Telecommunications London Interbank Bid Rate (LIBID) Clearing House Interbank Payments System (CHIPS) |
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