Term:
Interbank offered rate (IBOR)
Definition:
Rate of interest offered by banks for their loans to the most creditworthy banks for a large loan, for a specific period and in a specific currency. The best known one is the London one (LIBOR), but they also exist for Abu Dhabi (ADIBOR), Amsterdam (AIBOR), Bahrein (BIBOR), Brussels (BRIBOR), Hong Kong (HIBOR) or (HKIBOR), Kuwait (KIBOR), Luxembourg (LUXIBOR), Madrid (MIBOR), Paris (PIBOR) (occasionally known as taux interbancaire offert a Paris - TIOP), Saudi Arabia (SAIBOR), Singapore (SIBOR), 6 month
SDRs (SDRIBOR), Zurich (ZIBOR) and other financial centers.
Domain:
Finance
Source:
World Bank: Glossary of Finance and Debt