The average of rates for which five major London banks will lend $10 million for a period of three or six months. It is the benchmark rate for setting interest rates for adjustable-rate loans and financial instruments. This is the interest rate at which the London banks will offer funds to the interbank market.
What is LONDON INTERBANK OFFERED RATE (LIBOR)?
- LONDON INTERBANK BID (LIBID) RATE
- EURO INTERBANK OFFERED RATE (EURIBOR)
- PARIS INTERBANK OFFERED RATE (PIBOR)
- LONDON INTERBANK MEAN (LIMEAN) RATE
- TOKYO INTERBANK OFFERED RATE (TIBOR)
- LIBOR RATES
- LONDON INTERBANK BID (LIBID)
- LONDON INTERBANK MEAN (LIMEAN)
- STERLING OVERNIGHT INTERBANK AVERAGE (SONIA)
- LONDON INTERNATIONAL FINANCIAL FUTURES & OPTIONS EXCHANGE (LIFFE)
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