London Interbank Offered Rate
(redirected from Interbank pricing)London Interbank Offered Rate
A short-term interest rate often quoted as a 1,3,6-month rate for U.S.dollars.
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.
London interbank offered rate (LIBOR)
The basic short-term rate of interest in the Eurodollar market and the rate to which many Eurodollar loans and deposits are tied. The LIBOR is similar in concept to that of the prime rate in the United States except that it is less subject to individual bank management.
London Interbank Offered Rate
see LIBOR.London Interbank Offered Rate
See LIBOR.