London Interbank Offered Rate

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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 ?
Taipei, April 20, 2012 (CENS)--The Central Bank of China (CBC) and the Financial Supervisory Commission (FSC) have decided to jointly curb the recurrence of interbank pricing competition via such measures as inspection of banking operation to assure adherence to the pricing policy, communications with banking executives, or even suspension of the issuance of negotiable certificates of deposits (NCD).
A financial official pointed out that to curb interbank pricing competition, the CBC may resort to moral persuasion asking banking executives to avoid cutting lending rate to unreasonable level or even refuse to float negotiable certificates of deposits, denying outlets for banks' idle funds.
At the moment we have the opportunity to have Islamic dealt rates, as we are at the embryonic stage on an interbank pricing benchmark.
I address the question of how interbank pricing might respond to a change in the competitive environment in which banks operate, first in fairly general terms and then in the context of a simple model of bank competition and interconnection.
In order to examine interbank pricing and competition, the description of this market structure must specify demand functions for bank services.
HONG KONG & LONDON -- Bloomberg today announced the first global, real-time data service that provides investors access to live interbank pricing for China's onshore renminbi (CNY) market.