Encyclopedia > LIBOR

Article Content

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

http://www.bba.org.uk/

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

French resistance

... of them hid in the forested regions, especially in the unoccupied zone. They joined together to form maquis bands and began to plan attacks against the occupation forces. ...