In bond last class sir told that he has shared short notes of LIBOR.etc…..please share that
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LIBOR or London Interbank Offered Rate is widely used as a floating-rate benchmark index, as a reference rate for a wide range of securities and derivatives worldwide, and also as a signal for market liquidity and changes in financial conditions. Like other InterBank Offered Rates, LIBOR serves as an acceptable benchmark interest rate that represents the cost of short term unsecured borrowing between large, globally active banks.
Thanks…. actually i knew this….and sir also explained this in the class…..just asked because sir told he will be sharing some notes related to it.
Sir dicated it after 2-3 lectures.. you will get to know when you proceed doing your lectures.