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:
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—Calvin Coolidge (1872–1933)
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—Calvin Coolidge (1872–1933)