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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 MatchesMoscow Interbank Currency Exchange (MICEX)Moscow Interbank Currency Exchange (MICEX)Established in 1992, the most liquid and best organized financial exchange in Russia. Interbank rateInterbank rateThe rate of interest charged by a bank on a loan to another bank. See LIBOR. London Interbank Offered Rate (LIBOR)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. Interbank rateInterbank rateSee: LIBOR Interbank marketInterbank marketFinancial institutions exchange of currencies between and among themselves. Further SuggestionsLondon Interbank Bid Rate (LIBID)Society for Worldwide Interbank Financial Telecommunications (SWIFT) Paris Interbank Offer Rate (PIBOR) clearing house interbank payment system Society for Worldwide Interbank Financial Telecommunications Clearing House Interbank Payments System (CHIPS) |
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