What do u mean by LIBOR and MIBOR?.
How it works ? and
who regulate it ?
3 Replies
Shikha Sharma
(Chartered Accountant)
(311 Points)
Replied 20 February 2010
Hi Ameet,
Even I don't know much about this.. But jus want to share this information about LIBOR.
LIBOR stands for London Interbank Offered Rate.
It is an interest rate at which banks can borrow funds, from other banks in the London interbank market. The LIBOR is fixed on a daily basis by the British Bankers' Association. The LIBOR is derived from a filtered average of the world's most creditworthy banks' interbank deposit rates for larger loans with maturities between overnight and one full year. Source: Investopedia.
C.Balaji
(Learner)
(1867 Points)
Replied 20 February 2010
Dear Ameet....
Not heard this term before...
but see this i think it will help you....
Ameet
(L)
(1678 Points)
Replied 20 February 2010
LIBOR AND MIBOR IS ONE OF THE IMPORTANT AREA OF INTEREST RATE SWAP AND DERIVATIVE AND IT IS ALSO IN FINAL COURSE - FINAL - FEMA.
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