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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boiling, over the west past all control
rolling and swamps the heartbeat and repeats
sea beyond sea after unbearable suns;
think: poems fixed this landscape: Blake, Donne, Keats.”
—Muriel Rukeyser (1913–1980)
“[The] elderly and timid single gentleman in Paris ... never drove down the Champs Elysees without expecting an accident, and commonly witnessing one; or found himself in the neighborhood of an official without calculating the chances of a bomb. So long as the rates of progress held good, these bombs would double in force and number every ten years.”
—Henry Brooks Adams (1838–1918)