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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 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. 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. Paris Interbank Offer Rate (PIBOR)Paris Interbank Offer Rate (PIBOR)The deposit rate on interbank transactions in the Eurocurrency market quoted in Paris. Further SuggestionsLondon interbank offered rateclearing house interbank payment system Interbank market Moscow Interbank Currency Exchange (MICEX) London Interbank Bid Rate (LIBID) Society for Worldwide Interbank Financial Telecommunications |
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