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LIBOR scam: Time to opt transacted rate? Experts discuss

LIBOR, or the daily London interbank offered rate, is a key benchmark rate that reflects how much it costs banks to borrow from each other. It is the reference rate for about USD 350 trillion of financial products, ranging from interest rate swaps and corporate loans to credit cards, mortgages and savings accounts.

first published: Jul 14, 2012 12:35 pm

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