Interbank Offer Rate

(redirected from Inter-Bank Offered Rates)

Interbank Offer Rate

The interest rate that banks in a jurisdiction charge one another for short-term, interbank loans. Major interbank offer rates, notably LIBOR and HIBOR, are considered key benchmark interest rates in the wider economies. Interest rate swaps, for example, often use an interbank offer rate as the reference rate for the floating payer.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Qatar Inter-bank Offered Rates (QIBOR) and London Inter-bank Offered Rate (Libor) three-month interest rates converged further, it said.
Nepra said the aim of tariff determination was to notify an approvable interest rate on financing obtained benchmarked against Karachi inter-bank offered rates (KIBOR) and London inter-bank offered (LIBOR).
"A number of regulators, including MAS, have investigated or taken enforcement actions in relation to attempted manipulation of Inter-Bank Offered Rates ('IBORs')," the MAS said in (http://www.mas.gov.sg/~/media/MAS/News%20and%20Publications/Consultation%20Papers/Financial%20Benchmarks%20Consultation%20Paper%20%2014Jun13.pdf) a report issued Friday on strengthening the regulatory framework of the local banking system.
Libor is an abbreviation for London Inter-Bank Offered Rate.
There are many other inter-bank offered rates. The UAE has EIBOR (Emirates Inter-Bank Offered Rate), the EU has EURIBOR, Singapore has SIBOR and Japan has TIBOR.
The three-year floating-rate samurai is expected to have a coupon of 0.80 percent -1.80 percent above the three-month euro-yen London inter-bank offered rates. The bonds are expected to be priced on June 10, 2011.
These issues have performed well of late given that they yield 3.02 per cent and 2.96 per cent respectively when compared to Wednesday's three-month Emirates Inter-bank Offered Rates (Eibor) fixing of 2.02 per cent.
The one-year borrowing was given at a rate of 300 basis points above Libor (London inter-bank offered rates) without a state guarantee, Woori said without giving the name of the European lender.

Full browser ?