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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 MatchesMoscow 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 TelecommunicationsSociety for Worldwide Interbank Financial TelecommunicationsAn 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. 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. Interbank rateInterbank rateSee: LIBOR Further SuggestionsLondon interbank offered rateLondon Interbank Bid Rate (LIBID) clearing house interbank payment system Interbank rate Interbank market Paris Interbank Offer Rate (PIBOR) |
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