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London interbank offered rate |
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London 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.Similar MatchesClearing house interbank payment systemClearing house interbank payment systemA computerised payment system for clearing cheques in New York. 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. 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. 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 rateThe rate of interest charged by a bank on a loan to another bank. See LIBOR. Further SuggestionsMoscow Interbank Currency Exchange (MICEX)Paris Interbank Offer Rate (PIBOR) Interbank rate London Interbank Offered Rate (LIBOR) Society for Worldwide Interbank Financial Telecommunications (SWIFT) Interbank market |
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