London Interbank Offered Rate
- London Interbank Offered Rate
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The London Interbank Offered Rate, that is, the interest rates at which banks borrow funds, in marketable size, in the London Interbank Market.
USA
LIBOR (or the London Interbank Offered Rate) is a daily reference rate based on the interest rates at which banks borrow short-term funds from banks in the London Interbank Market. There are many different LIBOR rates, depending on duration and currency (for example, one-month, three-month and six-month pound sterling LIBOR, Euro LIBOR, US dollar LIBOR, Japanese yen LIBOR). LIBOR is affected by several factors such as liquidity in the London cash markets, the banks that comprise the contributor panels (which aim to reflect the balance of the market by reporting the average of selected interbank offer rates) and local interest rate policy. LIBOR rates are published daily by Reuters, as well as certain other financial-services publishers.
For more information on Eurodollar Rate/LIBOR, see Standard Clauses, Loan Agreement: Borrowing Mechanics (www.practicallaw.com/3-383-6717).
For links to loan agreement Eurodollar Rate/LIBOR provisions, see Practice Note, What's Market: Eurodollar Rate/LIBOR Interest Rate Provisions (www.practicallaw.com/8-385-8146).
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
Look at other dictionaries:
London Interbank Offered Rate — ( LIBOR) The rate the highest quality banks pay for Eurodollar deposits. There is a different LIBOR for each deposit maturity. LIBOR is commonly used as an index that represents short term rates. American Banker Glossary LIBOR A short term… … Financial and business terms
London Interbank Offered Rate — The London Interbank Offered Rate (or LIBOR, pronEng|ˈlaɪbɔr) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market (or interbank market). LIBOR will … Wikipedia
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London Interbank Offered Rate - LIBOR — An interest rate at which banks can borrow funds, in marketable size, from other banks in the London interbank market. The LIBOR is fixed on a daily basis by the British Bankers Association. The LIBOR is derived from a filtered average of the… … Investment dictionary
London Interbank Offered Rate — (LIBOR) The interest rate charged to highest quality customers for loans in the Eurodollar market. Less creditworthy customers pay the LIBOR rate plus varying percentage points. Like the PRIME RATE in the United States, the LIBOR is the standard … American business jargon
London Interbank Offered Rate — /ˌlʌndən ˌɪntəbæŋk ɒfəd reɪt/ noun the rate at which banks offer to lend eurodollars to other banks. Abbreviation LIBOR … Dictionary of banking and finance
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