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What is Libor?


About Libor

Libor rates in the UK are currently set each day via a process that is managed by the an organisation called Intercontinental Exchange Benchmark Administration. A survey is sent to a panel of the largest banks each day, asking what rates they are able to borrow at from other banks over different time periods. The highest and lowest four rates are discounted, and the rest are averaged to give the Libor rate.

About Libor

Libor rates in the UK are currently set each day via a process that is managed by the an organisation called Intercontinental Exchange Benchmark Administration. A survey is sent to a panel of the largest banks each day, asking what rates they are able to borrow at from other banks over different time periods. The highest and lowest four rates are discounted, and the rest are averaged to give the Libor rate.

About Libor

Libor rates in the UK are currently set each day via a process that is managed by the an organisation called Intercontinental Exchange Benchmark Administration. A survey is sent to a panel of the largest banks each day, asking what rates they are able to borrow at from other banks over different time periods. The highest and lowest four rates are discounted, and the rest are averaged to give the Libor rate.


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