London Interbank Offered Rate

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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.

References in periodicals archive ?
The Sonali Bank base has received the deposit from the central bank at London Inter Bank Offered Rate (LIBOR) plus 1.
30 percentage points over the quarterly London inter bank offered rate.
These settlements follow the settlement reached by RBS in February 2013 with US and UK regulators in relation to investigations into submissions, communications and procedures around the setting of the London Inter Bank Offered Rate (LIBOR).
The pressure led this week to Finance Minister Dar to call for $500 million credit for 12 months from the banks in Pakistan at a rate five per cent plus the London Inter Bank Offered Rate, which will bring the total to 5.
Through all its production channels, Countrywide now offers a variety of ARMs based on several different indexes, including the Cost of Funds Index (COFI), London Inter Bank Offered Rate (LIBOR), Monthly Treasury Average (MTA), prime rate and Treasury.
Afterward, it becomes an adjustable rate based on the London Inter Bank Offered Rate, or LIBOR, plus 10.
Interest payments of London Inter Bank Offered Rate plus 3% a year would be payable on the outstanding balance.
This announcement follows the settlement reached by RBS in February this year with US and UK regulators in relation to investigations into submissions, communications and procedures around the setting of the London Inter Bank Offered Rate ( LIBOR ).

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