Paris Interbank Offer Rate(redirected from Paris Inter-Bank Offered Rate)
Paris Interbank Offer Rate (PIBOR)
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Paris Interbank Offer Rate
The average interest rate participating French banks offer each other for unsecured loans. While not as prominent as LIBOR or EURIBOR, it serves as a benchmark for some euro-denominated forward rate agreements and interest rate swaps. Interest rate futures and options based on PIBOR are traded on Euronext Paris. See also: Frankfurt Interbank Offer Rate.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved