Encyclopedia > BBA LIBOR

  Article Content

LIBOR

Redirected from BBA LIBOR

LIBOR stands for the London Interbank Offered Rate and is the rate of interest at which banks borrow funds from other banks in the London wholesale (or "interbank") money market.

The British Bankers Association[?] (BBA) LIBOR rate is a widely used reference rate for forward rate agreements, and interest rate swaps.

It is based on inter-bank deposit rates offered by designated contributor banks. It is compiled by the BBA and released to the market at about 11:00 each day.

For a precise definition of BBA LIBOR, see the BBA website.

External links



All Wikipedia text is available under the terms of the GNU Free Documentation License

 
  Search Encyclopedia

Search over one million articles, find something about almost anything!
 
 
  
  Featured Article
Quioque, New York

... females there are 113.3 males. For every 100 females age 18 and over, there are 108.7 males. The median income for a household in the town is $50,759, and the media ...

 
 
 
This page was created in 21.7 ms