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What is Understanding LIBOR: Rates and Impact about?

LIBOR stands for the London Interbank Offered Rate and is an average interest rate calculated daily based on interest rates submitted by major global banks. It is calculated for various loan maturities ranging from overnight to 12 months across 5 currencies, including USD, GBP, EUR, JPY, and CHF. A panel of 8 to 16 banks submit the rates they would expect to pay to borrow unsecured funds from other banks to help establish the benchmark LIBOR rates, which are widely used globally as a reference for various f

Author

Daisy Aggarwal

Language

EN