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)

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Interbank rate

Interbank rate

See: LIBOR


Further Suggestions

London Interbank Bid Rate (LIBID)
Clearing House Interbank Payments System (CHIPS)
Society for Worldwide Interbank Financial Telecommunications (SWIFT)
Interbank market
London interbank offered rate
Interbank rate


 
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