London Interbank Offered Rate

(redirected from BBA LIBOR)

London Interbank Offered Rate

A short-term interest rate often quoted as a 1,3,6-month rate for U.S.dollars.

London Interbank Offer Rate

The interest rate participating banks offer to other banks for loans on the London market. LIBOR is the most widely used benchmark for short term interest rates in the world, primarily because most of the world's largest borrowers borrow money on the London market. Because it is so prominent, it is often used in other transactions, such as swaps. For example, an interest rate swaps may give the floating rate as "LIBOR +/- X base points." It is set each day by the British Bankers Association, which calculates it by averaging short term, inter-bank, deposit interest rates among the most creditworthy banks. See also: EURIBOR.

London interbank offered rate (LIBOR)

The basic short-term rate of interest in the Eurodollar market and the rate to which many Eurodollar loans and deposits are tied. The LIBOR is similar in concept to that of the prime rate in the United States except that it is less subject to individual bank management.

London Interbank Offered Rate

see LIBOR.

London Interbank Offered Rate

See LIBOR.

References in periodicals archive ?
EurBk is the average of the Moody's ratings for the Eurobanks comprising the various BBA LIBOR panels, the JBA EY TIBOR panel, and the ABS SIBOR panel, where Moody's rating Aaa is assigned an index number of 1, Aa = 2, A = 3, Baa = 4, etc.
BBA LIBOR serves as the primary daily benchmark used by banks, securities houses, and investors to fix the cost of borrowing money in the international money, derivatives, and capital markets around the world.
Consequently, we use, as do they, the published daily fixings of interbank rates: BBA LIBOR, JBA TIBOR, ABS SIBOR, and EBF EURIBOR.
EurBk is the average of the Moody's ratings for the Eurobanks comprising the various BBA LIBOR panels, the JBA EY TIBOR panel, the ABS SIBOR panel, where Moody's rating Aaa is assigned an index number of 1, Aa = 2, A = 3, Baa = 4, etc.
This appendix elaborates on our methodology of constructing a time series of BBA LIBOR, JBA TIBOR, ABS SIBOR, and EBF EURIBOR rates that are matched on each date with the corresponding bank panel's average Moody's credit rating of member banks.
For example, for the London Eurocurrency market and BBA LIBOR, the intra-market difference between sovereign/credit risk premia for Eurocurrencies i and j can be expressed as:
13) The credit risk between the sets of Eurobanks may be different, even though the banks trade in the same Eurocurrency trading center, if Eurobanks of different credit quality comprise each BBA LIBOR panel (14).
RBC is a panel member of BBA LIBOR panels for CAD, GBP and USD.
XigniteInterbanks--An array of more than 35 global interbank interest rates including the official BBA LIBOR.
The interest rate on this line of credit is based on the BBA LIBOR Daily Floating Rate plus 150 basis points, with interest only payments due monthly.