What does LIBOR mean? What is the full form of LIBOR?
The Full Form of LIBOR is London Interbank Offered Rate.
The London Interbank Offered Rate (LIBOR) is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans.
LIBOR, which stands for London Interbank Offered Rate, serves as a globally accepted key benchmark interest rate that indicates borrowing costs between banks. The rate is calculated and published each day by the Intercontinental Exchange (ICE).
KEY TAKEAWAYS
- LIBOR is the benchmark interest rate at which major global banks lend to one another.
- LIBOR is administered by the Intercontinental Exchange, which asks major global banks how much they would charge other banks for short-term loans.
- The rate is calculated using the Waterfall Methodology, a standardized, transaction-based, data-driven, layered method.
LIBOR
means
London Interbank Offered Rate
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