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PIBOR

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PIBOR

Paris Interbank Offer Rate
The average interest rate participating French banks offer each other for unsecured loans. While not as prominent as LIBOR or EURIBOR, it serves as a benchmark for some euro-denominated forward rate agreements and interest rate swaps. Interest rate futures and options based on PIBOR are traded on Euronext Paris. See also: Frankfurt Interbank Offer Rate.


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The quarterly performance of the fund depends on the quality of a forecast of the path of the 3-month PIBOR inside a tunnel defined by the fund manager at the beginning of each quarter.
GOVERNOR TOURING PIBOR In another development, Gov.
 
 
 
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