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MIBOR (Madrid Inter-Bank Offer Rate)
MIBOR may refer to: * MIBOR (Mumbai Inter-Bank Offer Rate) * MIBOR (Moscow Inter-Bank Offer Rate) * MIBOR (Madrid Inter-Bank Offer Rate) {{disambiguation ...
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MIBOR (Mumbai Inter-Bank Offer Rate)
MIBOR (Mumbai Interbank Outright Rate) is the overnight interest rate or reference rate based on the averaged interest rates at which Indian banks borrow unsecured funds from counterparties in the Indian rupee wholesale money market (or interbank market). The rate was originally published by the ''Fixed Income Money Market and Derivative Association of India'' (FIMMDA) and the National Stock Exchange of India (NSE). This was moved to a dedicated organisation, ''Financial Benchmarks India Private Ltd'' (FBIL) in 2015 which is jointly owned by FIMMDA, the Foreign Exchange Dealers’ Association of India (FEDAI) and the Indian Banks' Association (IBA). The rate is based on similar rates in London such as Libor and Euribor. The MIBOR is used as a bench mark rate for majority of financial derivative deals struck for interest rate swaps, forward rate agreements, Floating Rate Debentures and term deposits in India. The rate is fixed on the basis of volume based weighted average of trade ...
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MIBOR (Moscow Inter-Bank Offer Rate)
The Central Bank of the Russian Federation (), commonly known as the Bank of Russia (), also called the Central Bank of Russia (CBR), is the central bank of the Russian Federation. The bank was established on 13 July 1990. It traces its beginnings to the State Bank of the Russian Empire established in 1860. The bank is headquartered on Neglinnaya Street in Moscow. Its functions are described in the Constitution of Russia (Article 75), as well as in federal law. History Shortly after declaring sovereignty in June 1990, the Russian SFSR decreed the creation of a central bank under the leadership of . Matiukhin commandeered Russian branches of the State Bank of the USSR and brought them under the control of the Bank of the RSFSR. A comprehensive central bank statute was passed in December 1990 and the bank adopted a charter in June 1991. A remnant of the State Bank continued to operate alongside it until it was dissolved along with the Soviet Union in December 1991, and the Ban ...
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