Interbank Offer Rate

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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.
References in periodicals archive ?
Summary: Merger with NBAD to see interbank offered rate panel membership fall by one to 10
The manipulation of the benchmark interest rates included the London Interbank Offered Bank ("LIBOR"), the Euro Interbank Offered Rate ("EURIBOR") and Euroyen Tokyo Interbank Offered Rate ("TIBOR") (collectively, "IBOR").
Summary: The company behind the New York Stock Exchange, or NYSE, will take over running and restoring confidence in the scandal-hit London interbank offered rate, or Libor, a UK committee has ruled.
The bank said that it had responded to all requests for information from authorities in Europe, North America and Asia Pacific relating to the setting of rates at London Interbank Offered Rate (Libor), Tokyo (Tibor), the Euro Interbank Offered rate(Eubibor) and the Singapore rate(Sibor).
Summary: Indebted property developer offered to pay 175 basis points over the London Interbank Offered Rate
Abu Dhabi, 27 Aug: The United Arab Emirates central bank will set up a new panel of providers for the interbank offered rate, adding four local banks and dropping two international lenders, a treasury official said.
Rates have fallen some 15 baA[degrees]sis points since the UAE bank regulator said it was in talks to establish an official interbank offered rate for the dirham to better reflect market conditions.
The three-month Saudi interbank offered rate fell to 3.
Interests on the notes are indexed to the London Interbank Offered Rate, payable monthly (or quarterly) in arrears.
Rottenberg says the one-year loan, placed on behalf of a Virginia-based developer, was priced 225 basis points over the one-month London Interbank Offered Rate.
Interest on the class A-1, A-2, A-3, A-4 and B notes is indexed to the three-month London interbank offered rate (LIBOR) plus a spread.
Summary: Citibank will no longer be part of the panel of the Emirates Interbank Offered Rate, or Eibor, the group that fixes the interest rates charged by lenders for interbank transactions.