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London Interbank Offered Rate (LIBOR)

The financial definition for 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.




Similar Matches

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 market

Interbank market
Financial institutions exchange of currencies between and among themselves.


Interbank rate

Interbank rate
See: LIBOR


Further Suggestions

London Interbank Bid Rate (LIBID)
Moscow Interbank Currency Exchange (MICEX)
Paris Interbank Offer Rate (PIBOR)
Society for Worldwide Interbank Financial Telecommunications (SWIFT)


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London Interbank Offered Rate (LIBOR)
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