Tag: London Interbank Offered Rate

Preparing for 2022: What you need to know about the LIBOR transition

The interest rate benchmark London Interbank Offered Rate (LIBOR) is a measure of the average rate at which banks are willing to borrow wholesale unsecured funds. It is a major interest rate benchmark which underpins c.$300tn ($30tn in GBP markets) of financial contracts including, derivatives, bonds and loans. It is…