London Interbank Offer Rate

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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.
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454% per annum until and including October 15, 2034, and thereafter at a floating rate equal to the London inter-bank offered rate for three-month deposits in U.
Four of the eight banks colluded to manipulate the Euro Interbank Offered Rate, identified as the Euribor and six financial firms including the brokerage RP Martin worked together to manipulate the London inter-bank offered rate or Libor that involves several currencies, including the yen.
Libor is an abbreviation for London Inter-Bank Offered Rate.
Libor - or the London inter-bank offered rate - represents how much banks pay to borrow from each other and is one of the most important interest rates in the world of finance, influencing how much banks around the world charge for around PS190trillion worth of financial products, including mortgages and loans.
He then moved to Citigroup Global Markets Japan, and conspired similar moves with superiors aimed at benefiting their derivative transactions, the commission alleged, adding that he made similar moves related to the London inter-bank offered rate, or Libor.
Bankers said the tight pricing of the issue around 270 points above the London inter-bank offered rate (Libor) is seen as sign of a big recovery in the market.
That deal paid 350 basis points above the London inter-bank offered rate (Libor).
The $400 million loan has a maturity of three years and would pay 338 basis points above the London inter-bank offered rate (Libor), Pertamina finance director Ferederick Siahaan said.
Mortgage rates are governed by the London inter-bank offered rate (Libor), which is at 5.
Borrowing deals in the Middle East, which were coming out expecting to price 60 or 70 basis points above the London inter-bank offered rate (Libor), are now getting close to three digits.
The BBA has also found itself in the news because of its LIBOR - the London Inter-Bank Offered Rate, the interest rate at which large banks will lend each other money for short periods of time.

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