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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 MatchesClearing 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. Interbank marketInterbank marketFinancial institutions exchange of currencies between and among themselves. 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 offered rateLondon interbank offered rateThe 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. Clearing house interbank payment systemClearing house interbank payment systemA computerised payment system for clearing cheques in New York. Further SuggestionsSociety for Worldwide Interbank Financial Telecommunications (SWIFT)Interbank rate Society for Worldwide Interbank Financial Telecommunications London Interbank Bid Rate (LIBID) Paris Interbank Offer Rate (PIBOR) Interbank rate |
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