JIBOR

(redirected from Jakarta Interbank Offer Rate)

JIBOR

Jakarta Interbank Offer Rate. The interest rate participating banks offer to other banks for loans to each other. JIBOR may be used as a benchmark for short-term interest rates in Asia. It may also be used in other transactions, such as swaps. For example, an interest rate swap may give the floating rate as "JIBOR +/- X base points." See also: LIBOR, EURIBOR.
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