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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. 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. 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. Clearing house interbank payment systemClearing house interbank payment systemA computerised payment system for clearing cheques in New York. 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. Further SuggestionsParis Interbank Offer Rate (PIBOR)Society for Worldwide Interbank Financial Telecommunications (SWIFT) London interbank offered rate Interbank rate Moscow Interbank Currency Exchange (MICEX) Interbank rate |
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