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What is the LIBOR rate

getforexrebate Forex rebate for you has always been the focus of conversation cashback forex the foreign exchange market, but many newcomers do not know what the LIBOR rate below to introduce you 1, the definition of LIBOR rate refers to the London Interbank Offered Rate, a short-term lending rate between the first-class highestrebateforex in London, libor rate has now become a global The LIBOR rate has become the base reference rate for most floating rebateforexindonesia in the global financial markets.  2, reference banks in the London financial market, qualified to participate in the LIBOR rate quotation of banks generally have a certain amount of liquidity, and can store and lend funds on behalf of customers of large and powerful banks, a variety of commercial banks. Overseas banks are the reference banks for LIBOR rates. There Forexrebateforyou no significant difference in the rates quoted by the banks. Todays USD LIBOR rates are shown in the chart below: 3. LIBOR rates are calculated based on different currencies and different maturity dates, with reference to several designated banks, at the specified time (usually 11:00 am London time) usually 3 months and 6 months, ignoring the highest 1/4 and lowest 1/4 of the market quotes, excluding the abnormal part Then the remaining part of the quotation is averaged and the result is the official rate, which is displayed in 5 decimal places.  4、Delivery (settlement) date LIBOR is quoted at 11 oclock every working day according to the London Financial Market reference bank settlement. Generally divided into two interest rates, that is, lending rates and deposit rates, the difference between the two is the banks profit. In general, the rates quoted are overnight (two working days), 7 days, 1 month, 3 months, 6 months and 1 year. In the case of long-term rates of more than one year, it depends on the specific situation. When the currency settlement is not within the working day of the corresponding financial center, the latter working day is specified as the settlement date of the LIBOR rate.  5、Similar interest rates The cost of funds raised by our banks from the market is based on the LIBOR rate plus a certain percentage point. Also evolved from the LIBOR rate, there are Singapore Interbank Offered Rate (SIBOR), New York Interbank Offered Rate (NIBOR), Hong Kong Interbank Offered Rate (HIBOR), etc..  The London Interbank Offered Rate (Libor) is now the most widely used interest rate benchmark in the world for loans and bond issues.

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