The Story of LIBOR
"The Story Of LIBOR" What is LIBOR? LIBOR or ICE LIBOR ( previously BBA LIBOR ) is a benchmark rate, which some of the world ’ s leading banks charge each other for short - term loans . It stands for Intercontinental Exchange London Interbank Offered Rate and serves as the first step to calculating interest rates on various loans throughout the world . LIBOR is administered by the ICE Benchmark Administration ( IBA ) . How LIBOR is calculated? Banks have to report interest rate they are paying between banks Confident Low interest rate and vice versa .The Libor is an average interest rate calculated through submissions of interest rates by major banks across the world . LI...