"The banks are asked daily by the BBA to "contribute the rate at which they could borrow funds from other banks for certain short-term periods were they to do so by asking for and then accepting interbank offers in reasonable market size".
In other words, the banks' quote reflect what is offered to them, NOT what they are offering to others.
London Interbank Offered Rate. It's a benchmark for rates like prime or fed funds rate.
Libor is the London Interbank Offered Rate. This rate is used for short term loans and interest rates. It is also the rate that banks use to know who is worthy of getting credit and who is not.
London Interbank Offered Rate - LIBOR 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.
An interest rate that changes based on economic factors, such as T-Bills, LIBOR, and the prime rate published in the Wall Street Journal.
An interest rate that changes based on economic factors, such as T-Bills, LIBOR, and the prime rate published in the Wall Street Journal.
London Interbank Offered Rate.
Libor or LIBOR is the London Interbank Offered Rate. The way it works is that it is the average interest rate based on estimates by leading banks in London.
The London Interbank Offered Rate (or LIBOR, pronounced /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 be slightly higher than the London Interbank Bid Rate (LIBID), the rate at which banks are prepared to accept deposits.
LIBOR index is the London Interbank Offered Rate. It is used as a reference of the interest rate at which the banks will lend money to each other. The LIBOR index changes daily.
Libor stands for London Interbank Offered Rate. The 3-month LIBOR is the rate that major banks would be charged to borrow money from other banks for a three month period.
The London Interbank Offered Rate, or Libor, is the average interest rated estimated by banks in London. The government takes the submitted interest rates and averages them together to set the Libor Rate.
London Interbank Offered Rate. It's a benchmark for rates like prime or fed funds rate.
The Libor stands for The London Interbank Offered Rate and is not actually a currency. It is the average estimated interest rate that leading banks in London would be charged if lending from other banks.
Libor is the London Interbank Offered Rate. This rate is used for short term loans and interest rates. It is also the rate that banks use to know who is worthy of getting credit and who is not.
The LIBOR rate charts provide a daily interbank interest rate that banks base their internal rates on. Basically this LIBOR chart is used as a wholesale rate that the London bank charges to other retail banks.
London Interbank Offered Rate - LIBOR 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.
According to Wikipedia a LIBOR is a daily reference rate based on the interest rates at which banks borrow unsecured funds from other banks in the London wholesale money market (or interbank lending market). The rates for a 3 month LIBOR this week is 0.25.