What is London Interbank?Rate – LIMEAN?
The mid-market rate in the London Interbank market, which is calculated by averaging the offer rate (LIBOR) and the bid rate (LIBID). The LIBOR is the rate at which funds are sold in the market, while the LIBID is the rate at which the funds are purchased in the market. Read more for examples and further explanation including related video clips and also comments
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Tag: Lending
Euro LIBOR definition explanation
What is Euro LIBOR?
London Interbank Offer Rate denominated in euros. This is the interest rate that banks offer each other for large short-term loans in euros. The rate is fixed once a day by a small group of large London banks but fluctuates throughout the day. This market makes it easier for banks to maintain liquidity requirements because they are able to quickly borrow from other banks that have surpluses. Read more for examples and further explanation including related video clips and also comments
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BanxQuote Money Markets Index definition explanation
What is BanxQuote Money Markets Index?
A money market index, which can be used as a rate-comparison tool by consumers and financial institutions. BanxQuote provides many kinds of data and tools. The money market index gives national, regional, state and local compendiums of money market rates offered by representative lending institutions. Rates are gathered from commercial banks and savings and loan institutions, as well as local certificates of deposit (CDs). Read more for examples and further explanation including related video clips and also comments
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