Interbank lending market

What it means: LIBOR stands for London Interbank Offered Rate. It's the rate of interest at which banks offer to lend money to one another in the wholesale money markets in London.

Banks that make submissions to LIBOR would be required to base them on actual inter-bank deposit market transactions and keep records of their transactions supporting those submissions. Two modern features of the financial industry suggest this hypothesis is not implausible. Webarchive template other archives Webarchive template wayback links All articles with dead external links Articles with dead external links from December Articles with permanently dead external links CS1 maint:

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Methodology. The ICE LIBOR Output Statement defines LIBOR as:

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Identify opportunities, make informed decisions, execute quickly. Technology and integration tools for efficient data management. The Waterfall Methodology requires LIBOR panel banks to base their submissions in eligible wholesale, unsecured funding transactions to the extent available: Details are shown in the table below: