Summary
Fixing what?
LIBOR is the London Inter- Bank Offered Rate, one of the key global benchmarks for what money costs to borrow. Every day banks and big traders borrow billions from one another at rates based on Libor. As much as [pounds]180,000bn around the world has its borrowing set by Libor.See the full content of this document
Extract
30 Second Guide to ... Fixing Libor
How is it set?
The British Bankers Associatio...See the full content of this document
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