Tokyo Interbank Offered Rate.
TIBOR
Related Terms
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LIBOR, or the London Interbank Offered Rate, is the reference interest rate that’s calculated daily at which global banks lend to one another.
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The Secured Overnight Financing Rate (SOFR) is a benchmark interest rate that reflects the cost of borrowing cash overnight collateralized by U.S. Treasury securities.
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Forex brokers will quote you two different prices for a currency pair: the bid and ask price. The “bid” is the price at which you can SELL the base currency. The “ask” is the price at which you can...
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Foreign exchange is the simultaneous buying of one currency and the selling of another. Foreign exchange can be as simple as exchanging one currency for another at currency exchange shops and...
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SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, is a messaging system that allows banks and other financial institutions to send and receive information about financial transactions. It is not a payment system, but rather a messaging system that facilitates payments. SWIFT has since become the standard for cross-border payments, connecting over 11,000 financial […]