November 2011
Beginner
335 pages
9h 33m
English
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Rollover Rates and LIBOR
Rates are factored based on the London Interbank Offered Rate (LIBOR), which is released by the British Bankers Association every day at about 11:30 a.m. London time, about 5:00 a.m. eastern time. It is the reference rate for the following currencies: Swiss franc, British pound, U.S. dollar, Canadian dollar, Australian and New Zealand dollars, Japanese yen, euro, Danish krone, and Swedish krona. The majority of the world's trading nations follow these rates, but this is just the start of rates as the New York markets begin. Where these unsecured borrowed LIBOR will go based on the course of any trading day can at times be unpredictable. This is due to the factors of the LIBOR.
LIBOR is the offered rate, a rate at which ...
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