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