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:
“Since an intelligence common to us all makes things known to us and formulates them in our minds, honorable actions are ascribed by us to virtue, and dishonorable actions to vice; and only a madman would conclude that these judgments are matters of opinion, and not fixed by nature.”
—Marcus Tullius Cicero (106–43 B.C.)
“In the U.S. for instance, the value of a homemaker’s productive work has been imputed mostly when she was maimed or killed and insurance companies and/or the courts had to calculate the amount to pay her family in damages. Even at that, the rates were mostly pink collar and the big number was attributed to the husband’s pain and suffering.”
—Gloria Steinem (20th century)