|
|
London interbank offered rate |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
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 MatchesSociety 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. Clearing house interbank payment systemClearing house interbank payment systemA computerised payment system for clearing cheques in New York. 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. Interbank marketInterbank marketFinancial institutions exchange of currencies between and among themselves. Further SuggestionsLondon Interbank Bid Rate (LIBID)Moscow Interbank Currency Exchange (MICEX) Interbank rate Society for Worldwide Interbank Financial Telecommunications (SWIFT) London Interbank Offered Rate (LIBOR) Paris Interbank Offer Rate (PIBOR) |
|
|
|