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

The rate of interest charged by a bank on a loan to another bank. See LIBOR.


Interbank rate

Interbank rate

See: LIBOR


London interbank offered rate

London interbank offered rate

The interest rate that the largest international banks charge each other for loans, usually of Eurodollars. In fact, LIBOR includes rates quoted each day for many currencies, excluding the euro, but it is the rate for dollar loans that is used as a benchmark for other transactions.


Moscow Interbank Currency Exchange (MICEX)

Moscow Interbank Currency Exchange (MICEX)

Established in 1992, the most liquid and best organized financial exchange in Russia.


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 Suggestions

London Interbank Bid Rate (LIBID)
Society for Worldwide Interbank Financial Telecommunications
Paris Interbank Offer Rate (PIBOR)
Clearing House Interbank Payments System (CHIPS)
Interbank market
clearing house interbank payment system


 
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