Other Benchmarks
These have nothing to do with LIBOR
Japan has the Tokyo Interbank Offered Rate (TIBOR)
China has Shanghai Interbank Offered Rate (SHIBOR)
India has the Mumbai Interbank Offered Rate (MIBOR)
EURIBOR
Europe has the European Interbank Offered Rate (EURIBOR)
Fed Rate
Also called the Federal Interest Rate
The federal funds rate is the interest rate commercial banks charge each other for overnight lending.
The US Federal Reserve increases or decreases its key interest rate to stimulate or slow down the economy.
Prime Rate
Also called the Prime Lending Rate
The prime rate is the interest rate that banks charge their corporate customers that have the best credit profile.
The prime rate is about 3 percent higher than the federal funds rate.
Prime is the interest rate used for floating rate loans in the domestic financial market.
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