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:
“Nothing stands out so conspicuously, or remains so firmly fixed in the memory, as something which you have blundered.”
—Marcus Tullius Cicero (106–43 B.C.)
“Families suffered badly under industrialization, but they survived, and the lives of men, women, and children improved. Children, once marginal and exploited figures, have moved to a position of greater protection and respect,... The historic decline in the overall death rates for children is an astonishing social fact, notwithstanding the disgraceful infant mortality figures for the poor and minorities. Like the decline in death from childbirth for women, this is a stunning achievement.”
—Joseph Featherstone (20th century)