Interbank rate
Interbank rate
See: LIBOR
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References in periodicals archive
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Abdulaziz al-Ghurair, chair of the UAE Banks Federation, said, 'We have taken benchmark banks to tell us what is the actual cost of deposit and the incremental cost of deposit that will become the interbank rate for the UAE.
The analysts noted that the amount of the bids exceeding the Sh35 billion offer happened due to improved liquidity where the average interbank rate came down and the Treasury bill offers were also oversubscribed.
The interbank rate does not necessarily reflect the actual market conditions.
8% in July; the three-month interbank rate rose to 2.
In September, it lifted the interbank rate a half-point to 4.
The departure of banks from the panel may well continue, which raises questions regarding the abandonment of the interbank rate.
Indicative interbank rate MosPrime o/n grew 8 bps at the coming final accounting on VAT (today)
They were held as part of the Serious Fraud Office's probe into rigging of Libor, an interbank rate which affects mortgages and other loans.
They were held as part of the Serious Fraud Office's probe into the rigging of Libor, an interbank rate which has an effect on mortgages and other loans.
Mr Jenkins takes on the post with immediate effect and succeeds former chief executive Bob Diamond, who quit in the wake of its interbank rate rigging scandal.
The lender will sell 18-month bonds linked to the IBR interbank rate and 24-month securities linked to the DTF interbank rate, according to an e-mailed statement by Alianza Valores, which is handling the offers.
45 percentage points over the TIIE interbank rate, which was 4.
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