LIBOR: The London Interbank Offered Rates
What Exactly Are The LIBOR Rates?
LIBOR stands for London Interbank Offered Rates. The LIBOR Rates are benchmark interest rates set by an organization in the United Kingdom called the British Bankers' Association (BBA). The LIBOR rates are used chiefly as a set of benchmarks for unsecured, short-term loans between the most creditworthy international banks. There are many different LIBOR rates with many different currency denominations. In the United States, the U.S. dollar-denominated LIBOR rates are published each business day in the Money Rates section of the Eastern print edition of the Wall Street Journal®.
In the American financial marketplace, the LIBOR rates play a key role as the index for many debt instruments and debt securities, including interest-only mortgages and other adjustable-rate loan products, and certain credit cards.
In the early 1990's, financial markets around the world began using the LIBOR as an index for a wide variety of financial products, and that's why the LIBOR rates are some of the most important market indices today. Many American banks index their loans and credit card products to the U.S. Prime Rate, but there's a movement among banks to LIBOR indexing in lieu of indexing to the Prime Rate. Banks like the LIBOR rates because they change in response to current credit market conditions and are updated every business day. The U.S. Prime Rate, on the other hand, moves in synch with the Federal Funds Target Rate, which is usually reviewed by the Federal Reserve's Federal Open Market Committee (FOMC) every six weeks.
The U.S. Prime Rate and the benchmark Federal Funds Target Rate are both set by America's central bank: the United States Federal Reserve. The LIBOR rates, on the other hand, are not controlled by the central bank of the United Kingdom (the Bank of England.)
Copyright © 2008 Steve "AmCy" Brown, American CyberSpace®
LIBOR Links
- LIBOR History
- Historical LIBOR rates.
- Current LIBOR Rates
- The current LIBOR rates
- Prime Rate
- The U.S. prime interest rate.
- Average Price of A New Home
- The median and average cost of a newly built home in the United States.
- Average Price of A Previously Occupied Home
- The median and average cost of a previously occupied home in the United States.
- No Balance Transfer Fee
- 0% intro APR balance transfer credit cards that don't charge a fee for the first or initial balance transfer(s).
- Prime Rate Published in The Wall Street Journal
- The United States Prime Rate as published in the Eastern print edition of the Wall Street Journal.
- Chart: 1-Month LIBOR vs. 3-Month LIBOR vs. U.S. Prime Rate vs. Fed Funds Target Rate
- The Fed Funds Target Rate, America's benchmark rate, influences rates all around the globe. This chart shows the relationship between the 1-Month and 3-Month LIBOR rates, the U.S. Prime Rate and the Federal Funds Target Rate.
- Business Credit Card
- A Squidoo.com lens about business credit cards.
- Small Business Credit Cards
- An ugly but informative website dedicated to small business credit cards.
- Free Debt Help
- Free debt help at the www.DebtHelp.tv forums.
- LIBOR Chart
- Chart of the 1-Month, 3-Month, 6-Month and 1 year LIBOR rates since 1989.
- LIBOR or Prime?
- This section of the Prime Rate FAQ page sheds some light on how to pick the right index when shopping for a loan.
- Liquidity Cruch & Credit Cards
- Great credit card deals can still be found despite problems in American credit markets.
- NO BALANCE TRANSFER FEE
- Zero percent intro APR credit cards in the American market that don't charge a fee on introductory balance transfers.
- Best Business Credit Card
- Click this link to visit the best business credit cards ever webpage.
- Credit Card Balance Transfer Blog
- The Internet's original blog about 0% intro APR credit card balance transfers.
Prime Rate
Fetching RSS feed... please stand byLIBOR Lens Guest Book
|
djshivam
i am sure this lens will help all ppl across the world improvve their buisness.. how can some one write like this! Posted April 21, 2008 |
|
|
netrider79
Good Information.. Posted April 21, 2008 |
|
|
djshivam
excellent info in LIBOR... thanx~! Posted April 16, 2008 |
|
|
PAUL-B
Good info on LIBOR - the links were particularly useful. Thanks for sharing. Posted April 15, 2008 |
great info
Posted April 14, 2008
|
|
prodigytx
brilliant lens, very informative Posted April 13, 2008 |
|
|
gamescoper
very informative and will definitely help some new entrepreneurs and business people Posted April 13, 2008 |
i have only 2 words for it -
MUST READ.
Posted April 12, 2008
|
|
emsplanet
nice information! thanks for sharing this...keep it up... Posted April 08, 2008 |
|
|
Hoster007
Nice informative lens! Posted April 02, 2008 |
|
|
Drewcop
Interesting. Posted April 01, 2008 |
Credit Card Blog
A Blog About 0% Credit Cards
If you are planning on transferring a credit card balance any time soon, read this blog!
Fetching RSS feed... please stand by
