London Interbank Offered Rate (LIBOR)

LIBOR rates are calculated in ten different currencies with fifteen maturities. Between 8 and 16 banks, selected by the regulators of the British Banking Association (BBA) and the Foreign Exchange and Money Markets Committee (FX & MMC), participate in the calculation of each of the 150 rates.

In fact, LIBOR is the most important indicative rate in Europe and has several important advantages:

• This is the main indicator of interbank loans.
• Can be used for a long time.
• No strict booking requirements.
• A clear and simple calculation mechanism.
• Used in a wide range of banking products.
• Online monitoring of changes and incoming data.
• Many currencies and different terms are used.
• The banks that make up the rate are the most reliable and largest.