https://jollycontrarian.com/index.php?title=London_Inter_Bank_Offered_Rate&feed=atom&action=historyLondon Inter Bank Offered Rate - Revision history2024-03-28T08:05:48ZRevision history for this page on the wikiMediaWiki 1.39.3https://jollycontrarian.com/index.php?title=London_Inter_Bank_Offered_Rate&diff=70777&oldid=prevAmwelladmin at 22:11, 14 January 20232023-01-14T22:11:33Z<p></p>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>{{a|g|<del style="font-weight: bold; text-decoration: none;">[[File:</del>Dramatic Chipmunk<del style="font-weight: bold; text-decoration: none;">.</del>png<del style="font-weight: bold; text-decoration: none;">|450px|thumb|center</del>|DID SOMEONE SAY THE L WORD?<del style="font-weight: bold; text-decoration: none;">??]]</del>}}The [[London Inter Bank Offered Rate]], known fondly as “[[LIBOR]]” is — or until now has been — the basic [[Interest|rate of interest]] used in lending between banks on the London interbank market and also used as a reference for setting the [[interest rate]] on other loans. </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>{{a|g|<ins style="font-weight: bold; text-decoration: none;">{{image|</ins>Dramatic Chipmunk<ins style="font-weight: bold; text-decoration: none;">|</ins>png|DID SOMEONE SAY THE L WORD?<ins style="font-weight: bold; text-decoration: none;">}}</ins>}}The [[London Inter Bank Offered Rate]], known fondly as “[[LIBOR]]” is — or until now has been — the basic [[Interest|rate of interest]] used in lending between banks on the London interbank market and also used as a reference for setting the [[interest rate]] on other loans. </div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Each day, the administrator would ask major global banks at what rate could they borrow from other banks for short-term loans, take out the highest and lowest figures and calculate a “trimmed average” from the remainder. Once the rates for each maturity and currency are calculated and finalized, they are announced/published once a day at around 11:55 am London time by the [[British Bankers’ Association]] who, it is fair to say, didn’t have a terribly good handle on what [[LIBOR]] was used for and how serious it might be if someone abused the privilege of helping to set it.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Each day, the administrator would ask major global banks at what rate could they borrow from other banks for short-term loans, take out the highest and lowest figures and calculate a “trimmed average” from the remainder. Once the rates for each maturity and currency are calculated and finalized, they are announced/published once a day at around 11:55 am London time by the [[British Bankers’ Association]] who, it is fair to say, didn’t have a terribly good handle on what [[LIBOR]] was used for and how serious it might be if someone abused the privilege of helping to set it.</div></td></tr>
</table>Amwelladminhttps://jollycontrarian.com/index.php?title=London_Inter_Bank_Offered_Rate&diff=40464&oldid=prevAmwelladmin at 22:34, 23 February 20202020-02-23T22:34:53Z<p></p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 22:34, 23 February 2020</td>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>{{g}}The [[London Inter Bank Offered Rate]], known fondly as “[[LIBOR]]” is — or until now has been — the basic [[Interest|rate of interest]] used in lending between banks on the London interbank market and also used as a reference for setting the [[interest rate]] on other loans. </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>{{<ins style="font-weight: bold; text-decoration: none;">a|</ins>g<ins style="font-weight: bold; text-decoration: none;">|[[File:Dramatic Chipmunk.png|450px|thumb|center|DID SOMEONE SAY THE L WORD???]]</ins>}}The [[London Inter Bank Offered Rate]], known fondly as “[[LIBOR]]” is — or until now has been — the basic [[Interest|rate of interest]] used in lending between banks on the London interbank market and also used as a reference for setting the [[interest rate]] on other loans. </div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Each day, the administrator would ask major global banks at what rate could they borrow from other banks for short-term loans, take out the highest and lowest figures and calculate a “trimmed average” from the remainder. Once the rates for each maturity and currency are calculated and finalized, they are announced/published once a day at around 11:55 am London time by the [[British Bankers’ Association]] who, it is fair to say, didn’t have a terribly good handle on what [[LIBOR]] was used for and how serious it might be if someone abused the privilege of helping to set it.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Each day, the administrator would ask major global banks at what rate could they borrow from other banks for short-term loans, take out the highest and lowest figures and calculate a “trimmed average” from the remainder. Once the rates for each maturity and currency are calculated and finalized, they are announced/published once a day at around 11:55 am London time by the [[British Bankers’ Association]] who, it is fair to say, didn’t have a terribly good handle on what [[LIBOR]] was used for and how serious it might be if someone abused the privilege of helping to set it.</div></td></tr>
</table>Amwelladminhttps://jollycontrarian.com/index.php?title=London_Inter_Bank_Offered_Rate&diff=40382&oldid=prevAmwelladmin at 19:18, 23 February 20202020-02-23T19:18:08Z<p></p>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Each day, the administrator would ask major global banks at what rate could they borrow from other banks for short-term loans, take out the highest and lowest figures and calculate a “trimmed average” from the remainder. Once the rates for each maturity and currency are calculated and finalized, they are announced/published once a day at around 11:55 am London time by the [[British Bankers’ Association]] who, it is fair to say, didn’t have a terribly good handle on what [[LIBOR]] was used for and how serious it might be if someone abused the privilege of helping to set it.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Each day, the administrator would ask major global banks at what rate could they borrow from other banks for short-term loans, take out the highest and lowest figures and calculate a “trimmed average” from the remainder. Once the rates for each maturity and currency are calculated and finalized, they are announced/published once a day at around 11:55 am London time by the [[British Bankers’ Association]] who, it is fair to say, didn’t have a terribly good handle on what [[LIBOR]] was used for and how serious it might be if someone abused the privilege of helping to set it.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>[[LIBOR]] was dull. It used to be ''so'' snoresville that literally no-one paid it any attention — not even the [[BBA]] who notionally calculated it — which meant it was ideal fodder for pernicious types who lurk in the undergarments of the financial services industry ripping everyone else off for their own personal gain. And so it proved. The [[LIBOR]] rates submitted by the banks <del style="font-weight: bold; text-decoration: none;">weren't </del>firm prices, there was no real method to their calculation, and the temptation for certain traders to game their own option books proved great.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>[[LIBOR]] was dull. It used to be ''so'' snoresville that literally no-one paid it any attention — not even the [[BBA]] who notionally calculated it — which meant it was ideal fodder for pernicious types who lurk in the undergarments of the financial services industry ripping everyone else off for their own personal gain. And so it proved. The [[LIBOR]] rates submitted by the banks <ins style="font-weight: bold; text-decoration: none;">weren’t </ins>firm prices, there was no real method to their calculation, and the temptation for certain traders to game their own option books proved great.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Suddenly, [[LIBOR]] became big news, Barclays lost much of its senior management, and the the world was turned on its head.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Suddenly, [[LIBOR]] became big news, Barclays lost much of its senior management, and the the world was turned on its head.</div></td></tr>
</table>Amwelladminhttps://jollycontrarian.com/index.php?title=London_Inter_Bank_Offered_Rate&diff=32973&oldid=prevAmwelladmin at 14:39, 17 September 20192019-09-17T14:39:52Z<p></p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 14:39, 17 September 2019</td>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>{{g}}The [[London Inter Bank Offered Rate]], known fondly as “[[LIBOR]]” is — or until now has been — the basic rate of interest used in lending between banks on the London interbank market and also used as a reference for setting the [[interest rate]] on other loans. </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>{{g}}The [[London Inter Bank Offered Rate]], known fondly as “[[LIBOR]]” is — or until now has been — the basic <ins style="font-weight: bold; text-decoration: none;">[[Interest|</ins>rate of interest<ins style="font-weight: bold; text-decoration: none;">]] </ins>used in lending between banks on the London interbank market and also used as a reference for setting the [[interest rate]] on other loans. </div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>Each day, the administrator would ask major global banks at what rate could they borrow from other banks for short-term loans, take out the highest and lowest figures and calculate a “trimmed average” from the remainder. Once the rates for each maturity and currency are calculated and finalized, they are announced/published once a day at around 11:55 am London time by the British Bankers’ Association.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>Each day, the administrator would ask major global banks at what rate could they borrow from other banks for short-term loans, take out the highest and lowest figures and calculate a “trimmed average” from the remainder. Once the rates for each maturity and currency are calculated and finalized, they are announced/published once a day at around 11:55 am London time by the <ins style="font-weight: bold; text-decoration: none;">[[</ins>British Bankers’ Association<ins style="font-weight: bold; text-decoration: none;">]] who, it is fair to say, didn’t have a terribly good handle on what [[LIBOR]] was used for and how serious it might be if someone abused the privilege of helping to set it</ins>.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>LIBOR was dull. It used to be ''so'' snoresville that literally no-one paid it any attention<del style="font-weight: bold; text-decoration: none;">, </del>which meant it was ideal fodder for pernicious types who lurk in the undergarments of the financial services industry ripping everyone else off for their own personal gain. And so it proved. The [[LIBOR]] rates submitted by the banks weren't firm prices, there was no real method to their calculation, and the temptation for certain traders to game their own option books proved great.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">[[</ins>LIBOR<ins style="font-weight: bold; text-decoration: none;">]] </ins>was dull. It used to be ''so'' snoresville that literally no-one paid it any attention <ins style="font-weight: bold; text-decoration: none;">— not even the [[BBA]] who notionally calculated it — </ins>which meant it was ideal fodder for pernicious types who lurk in the undergarments of the financial services industry ripping everyone else off for their own personal gain. And so it proved. The [[LIBOR]] rates submitted by the banks weren't firm prices, there was no real method to their calculation, and the temptation for certain traders to game their own option books proved great.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Suddenly, [[LIBOR]] became big news, Barclays lost much of its senior management, and the the world was turned on its head.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Suddenly, [[LIBOR]] became big news, Barclays lost much of its senior management, and the the world was turned on its head.</div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">{{sa}}</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">*[[British Bankers’ Association]]</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">*[[Interest]]</ins></div></td></tr>
</table>Amwelladminhttps://jollycontrarian.com/index.php?title=London_Inter_Bank_Offered_Rate&diff=31715&oldid=prevAmwelladmin: Created page with "{{g}}The London Inter Bank Offered Rate, known fondly as “LIBOR” is — or until now has been — the basic rate of interest used in lending between banks on the L..."2019-07-12T14:10:00Z<p>Created page with "{{g}}The <a href="/index.php?title=London_Inter_Bank_Offered_Rate" title="London Inter Bank Offered Rate">London Inter Bank Offered Rate</a>, known fondly as “<a href="/index.php?title=LIBOR" class="mw-redirect" title="LIBOR">LIBOR</a>” is — or until now has been — the basic rate of interest used in lending between banks on the L..."</p>
<p><b>New page</b></p><div>{{g}}The [[London Inter Bank Offered Rate]], known fondly as “[[LIBOR]]” is — or until now has been — the basic rate of interest used in lending between banks on the London interbank market and also used as a reference for setting the [[interest rate]] on other loans. <br />
<br />
Each day, the administrator would ask major global banks at what rate could they borrow from other banks for short-term loans, take out the highest and lowest figures and calculate a “trimmed average” from the remainder. Once the rates for each maturity and currency are calculated and finalized, they are announced/published once a day at around 11:55 am London time by the British Bankers’ Association.<br />
<br />
LIBOR was dull. It used to be ''so'' snoresville that literally no-one paid it any attention, which meant it was ideal fodder for pernicious types who lurk in the undergarments of the financial services industry ripping everyone else off for their own personal gain. And so it proved. The [[LIBOR]] rates submitted by the banks weren't firm prices, there was no real method to their calculation, and the temptation for certain traders to game their own option books proved great.<br />
<br />
Suddenly, [[LIBOR]] became big news, Barclays lost much of its senior management, and the the world was turned on its head.</div>Amwelladmin