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  • LIBID

    Report on interbank activity and on the euro currency activity is normally related to LIBOR and LIBID. LIBID – London Interbank Bid Rate.

  • LIBOR

    LIBOR – London Interbank Offer Rate. LIBOR is the arithemic average of the interest rates on deposits in excess of GBP 10 million for a certain period, offered at 11:00 a.m. by London’s reference banks (usually National Westmister, Bank of Tokyo, Deutsche Bank, Banque Nationale de Paris and Morgan Guaranty Trust) to London clearing banks. Big banks pay slightly less than LIBOR for the funds they borrow and then lend these funds to smaller banks at a profit. Small banks lend funds to companies, which pay a certain premium over LIBOR. The widely accepted LIBOR is advantageous, because perhaps all interest rates of short and medium-term credits and loans on the na euro currency market are set on the basis of LIBOR. Interest rates for maturities of one day (overnight) through to one year for all the main euro currencies are published in the Financial Times on a daily basis.

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