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  1. FINANCE|financial institutions and credit|banking · FINANCE|financial institutions and credit|credit policy

    #629044

    IATE #1464918
    LIBOR
    de
    Definition Referenzzinssatz (Briefkurs) für viele Finanzinstrumente des Geldmarktes, zu dem international tätige Großbanken Euro-Geldmarktgeschäfte in London abschließen. Reference "Gabler Wirtschaftslexikon > LIBOR (6.6.2023)"
    Comment bezieht sich auf den Interbankenhandel für kurzfristige (overnight bis zwölf Monate) Termingelder und gibt damit an, zu welchem Zins die Referenzbanken bereits sind, Festgelder am Euro-Interbankmarkt zu verleihen;beruht nicht auf tatsächlichen Transaktionen, sondern auf Angaben über Marktbeobachtungen
    London Inter-Bank Offered Rate | London interbank offer rate | LIBOR | LIBOR rate | Libor interest rate
    en
    Definition "rate of interest at which banks offer to lend to each other on the London interbank market" Reference "'London Inter Bank Offered Rate' (1.12.2023). A Dictionary of Business and Management (6 ed.). Edited by John Law. Oxford University Press, 2016."
    Comment The loans are for a minimum of £250,000 for periods from overnight up to five years. LIBOR is the most significant interest rate for international banks. It is also used as a benchmark for lending to bank customers and as a reference rate for many derivatives. In 2012 evidence emerged of a major scandal in which leading banks had manipulated LIBOR for their own profit; as a result oversight of LIBOR was transferred from the British Bankers’ Association to the Intercontinental Exchange group.