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 Matches

Interbank rate

Interbank rate

See: LIBOR


Society for Worldwide Interbank Financial Telecommunications

Society for Worldwide Interbank Financial Telecommunications

An international body which sets protocols and standards for international payment systems, such as electronic money transfers.


Paris Interbank Offer Rate (PIBOR)

Paris Interbank Offer Rate (PIBOR)

The deposit rate on interbank transactions in the Eurocurrency market quoted in Paris.


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.


Interbank market

Interbank market

Financial institutions exchange of currencies between and among themselves.


Further Suggestions

clearing house interbank payment system
Clearing House Interbank Payments System (CHIPS)
Interbank rate
Society for Worldwide Interbank Financial Telecommunications (SWIFT)
London interbank offered rate
Moscow Interbank Currency Exchange (MICEX)


 
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