Fixed Rates in USD
There are three Money Markets in the world having interbank offered rate fixings in USD, including:
- Libor fixed in London
- Sibor,or SIBOR (Singapore Interbank Offered Rate) fixed in Singapore
- Hibor, or HIBOR (Hong Kong Interbank Offered Rate) fixed in Hong Kong
The USD Libor in London is the most recognized and predominant one. The USD Sibor was established in January 1988, and the USD Hibor was launched in December 2006. Although these fixings in USD use similar methodology by fixing at 11:00 am at their local times, the results of the three fixings are different.
Read more about this topic: Libor
Famous quotes containing the words fixed and/or rates:
“If they be two, they are two so
As stiff twin compasses are two;
Thy soul, the fixed foot, makes no show
To move, but doth if th’ other do.”
—John Donne (1572–1631)
“One of the most important findings to come out of our research is that being where you want to be is good for you. We found a very strong correlation between preferring the role you are in and well-being. The homemaker who is at home because she likes that “job,” because it meets her own desires and needs, tends to feel good about her life. The woman at work who wants to be there also rates high in well-being.”
—Grace Baruch (20th century)