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.


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.


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.


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.


Interbank market

Interbank market

Financial institutions exchange of currencies between and among themselves.


Further Suggestions

London Interbank Bid Rate (LIBID)
Paris Interbank Offer Rate (PIBOR)
Clearing House Interbank Payments System (CHIPS)
Interbank rate
clearing house interbank payment system
Moscow Interbank Currency Exchange (MICEX)


 
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