Share to: share facebook share twitter share wa share telegram print page

MIBOR (Indian reference rate)

MIBOR (Mumbai Inter-Bank Offer 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). [1] 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).[2] The rate is based on similar rates in London such as Libor and Euribor.

The MIBOR and its counterpart MIBOR (Mumbia Inter-bank Offer Rate) rate are used as a bench mark rate for majority off 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 traded rates from 9am to 10am each morning.[3]

History

In the mid 1990s, the Committee for the Development of the Debt Market had studied and recommended the development of a benchmark rate for the call money markets in India. Accordingly, National Stock Exchange of India (NSE) developed and launched the NSE Mumbai Inter-Bank Bid Rate (MIBID) and NSE Mumbai Inter-bank Offer Rate (MIBOR) for the overnight money market on June 15, 1998. The success of the Overnight NSE MIBID MIBOR encouraged the Exchange to develop a benchmark rate for the term money market. NSE launched the 14-day NSE MIBID MIBOR on November 10, 1998, and the longer term money market benchmark rates for 1 month and 3 months on December 1, 1998. Further, the exchange introduced a 3 Day FIMMDA-NSE MIBID-MIBOR on all Fridays with effect from June 6, 2008, in addition to existing overnight rate.

Fixed Income Money Market and Derivative Association of India (FIMMDA) has been in the forefront for creation of benchmarks that can be used by the market participants to bring uniformity in the market place. To take the process of development further, FIMMDA and NSE have taken the initiative to co-brand the dissemination of reference rates for the Overnight Call and Term Money Market using the current methodology behind NSE – MIBID/MIBOR. The product was rechristened as 'FIMMDA-NSE MIBID/MIBOR'. The 'FIMMDA-NSE MIBID/MIBOR' is now jointly disseminated by FIMMDA as well as NSEIL through their websites and other means and simultaneous dissemination of the information would be as per international practice.[2]

See also

References

  1. ^ "MIBOR (Mumbai Inter-Bank Offered Rate)". Corporate Finance Institute. Retrieved May 18, 2024.
  2. ^ a b "RBI announces Revised Methodology for Overnight MIBID/MIBOR from July 22, 2015". Reserve Bank of India. July 2, 2015.
  3. ^ "Mumbai Inter-Bank Offer Rate (MIBOR)". IndianEconomy.net. November 4, 2017.

Read other articles:

В Википедии есть статьи о других людях с фамилией Уорд. Уорд Леслиангл. Leslie Ward Лесли Уорд на фотографии Carl Vandyk, 1915 год Псевдонимы Spy и Drawl Дата рождения 21 ноября 1851(1851-11-21) Место рождения Лондон, Великобритания Дата смерти 15 мая 1922(1922-05-15) (70 лет) Место смерти Лондон, Вел…

Geraldine JamesOBELahir6 Juli 1950 (umur 73)Maidenhead, Berkshire, InggrisPekerjaanAktrisTahun aktif1973–sekarangSuami/istriJoseph Blatchley ​(m. 1986)​Anak1 Geraldine James, OBE (lahir 6 Juli 1950) adalah seorang aktris Inggris. Sutradara teater Peter Hall mengatakan bahwa James termasuk di antara aktris klasik Inggris yang hebat.[1] Referensi ^ Geraldine James (17 December 2001) Woman's Hour, Radio 4, BBC Pranala luar Geraldine James di IMDb (da…

قرية الأصابع  - قرية -  تقسيم إداري البلد  اليمن المحافظة محافظة المحويت المديرية مديرية ملحان العزلة عزلة القبلة السكان التعداد السكاني 2004 السكان 565   • الذكور 272   • الإناث 293   • عدد الأسر 106   • عدد المساكن 103 معلومات أخرى التوقيت توقيت اليمن (+3 غرينيتش…

サッカースロベニア女子代表国または地域 スロベニア協会 スロベニアサッカー協会(FAS)監督 Tanja Lekič ホームカラー アウェイカラー 初の国際試合 1993年9月25日 スロベニア 0 - 10  イングランド(スロベニア)最大差勝利試合 2005年5月21日 スロベニア 7 - 1  北マケドニア(スロベニア)最大差敗戦試合 1994年3月20日 スペイン 17 - 0  スロベニア(スロベニア)女子W…

 Nota: Se procura outros ciclones tropicais homônimos, veja Furacão Gustav (desambiguação). Furacão Gustav Furacão categoria 2 (SSHWS/NWS) O furacão Gustav perto de seu pico de intensidade ao largo da costa da Nova Inglaterra em 11 de setembro Formação 8 de Setembro de 2002 Dissipação 15 de Setembro de 2002 (Extratropical depois de 12 de setembro) Ventos mais fortes sustentado 1 min.: 155 km/h (100 mph) Pressão mais baixa 960 mbar (hPa); 28.35 inHg Fatalidades 4 total Danos …

Mercedes-Benz C 230 Kompressor Sportcoupé (2000–2004)C 230 Kompressor Sportcoupé (2000–2004) CL 203 Verkaufsbezeichnung: C-Klasse Sportcoupé, CLC Produktionszeitraum: 10/2000–02/2011 Klasse: Mittelklasse Karosserieversionen: Kombicoupé Motoren: Ottomotoren:1,6–3,5 Liter(90–260 kW)Dieselmotoren:2,1–3,0 Liter(90–170 kW) Länge: 4343–4448 mm Breite: 1728 mm Höhe: 1405 mm Radstand: 2715 mm Leergewicht: 1465–1550 kg Nachfolgemodell Mercedes-Benz C …

American television sitcom (2016–2018) Kevin Can WaitGenreSitcomCreated byKevin JamesRock ReubenBruce Helford[1]Directed byAndy FickmanStarring Kevin James Erinn Hayes Taylor Spreitler Ryan Cartwright Gary Valentine Lenny Venito Leonard Earl Howze James DiGiacomo Mary-Charles Jones Leah Remini Opening themeOrdinary Guyperformed by Michael DelGuidiceComposerRaney ShockneCountry of originUnited StatesNo. of seasons2No. of episodes48ProductionExecutive producers Kevin James Rock Reuben Je…

العلاقات الغامبية الموريشيوسية غامبيا موريشيوس   غامبيا   موريشيوس تعديل مصدري - تعديل   العلاقات الغامبية الموريشيوسية هي العلاقات الثنائية التي تجمع بين غامبيا وموريشيوس.[1][2][3][4][5] مقارنة بين البلدين هذه مقارنة عامة ومرجعية للدولتين: وجه …

1986 animated film This article is about the 1986 animated film. For the 2007 live action film, see Transformers (film). Not to be confused with Transformer (film). The Transformers: The MovieTheatrical release posterDirected byNelson ShinScreenplay byRon FriedmanBased onThe Transformersby Hasbro and TakaraProduced by Joe Bacal[1] Tom Griffin[1] Starring Eric Idle Judd Nelson Leonard Nimoy Robert Stack Lionel Stander Orson Welles Narrated byVictor CaroliCinematographyMasatoshi Fu…

Mordechai AnielewiczJulukanLittle Angel (Aniołek)Lahir1919Wyszków, PolandMeninggal8 May 1943 (usia 24)Warsaw, PolandiaPengabdian ŻOBPangkatCommanderKesatuanZob main unitKomandanPemberontakan Ghetto WarsawaPerang/pertempuranPerang Dunia II Pemberontakan Ghetto Warsawa † Penghargaan Mordechai Anielewicz (Ibrani: מרדכי אנילביץ'; 31 Desember 1919 – 8 Mei 1943) adalah pemimpin para pemberontak (bahasa Polandia: Żydowska Organizacja Bojowa, OB) di Pembero…

2014 mixtape by Wiz Khalifa28 GramsMixtape by Wiz KhalifaReleasedMay 25, 2014 (2014-05-25)Recorded2013–14GenreHip hopLength72:25LabelTaylor GangRostrumProducerSledgrenThomazMetro BoominTM88I.D. LabsRicky P808 MafiaZaytovenSAPCozmoJMB JustizeSouthsideWiz Khalifa chronology O.N.I.F.C.(2012) 28 Grams(2014) Cabin Fever 3(2015) 28 Grams is the twelfth mixtape by American rapper Wiz Khalifa. It was released on May 25, 2014, by Taylor Gang Records and Rostrum Records. On the sa…

1965 studio album by Slim WhitmanMore than Yesterday (More Country Songs & City Hits)Studio album by Slim WhitmanReleased1965GenreCountryLabelImperialSlim Whitman chronology Reminiscing(1965) More than Yesterday (More Country Songs & City Hits)(1965) God's Hand in Mine(1966) Singles from More than Yesterday More than YesterdayReleased: 1965 The Twelfth of NeverReleased: 1965 Professional ratingsReview scoresSourceRatingAllMusic[1]The Encyclopedia of Popular Music[2 …

Any form of synchronous conferencing For other uses, see Chat room (disambiguation). Group chat redirects here. For the Nickelodeon talk show, see Group Chat (talk show). Screenshot of a group chat in the Element instant messaging client The term chat room, or chatroom (and sometimes group chat; abbreviated as GC), is primarily used to describe any form of synchronous conferencing, occasionally even asynchronous conferencing. The term can thus mean any technology, ranging from real-time online c…

Demographics of the country Not to be confused with Sundanese people.Demographics of SudanPopulation pyramid of Sudan in 2020Population47,958,856 (2022 est.)Growth rate2.55% (2022 est.)Birth rate33.47 births/1,000 population (2022 est.)Death rate6.3 deaths/1,000 population (2022 est.)Life expectancy67.12 yearsFertility rate4.6 children born/woman (2022 est.)Infant mortality rate42.27 deaths/1,000 live birthsNet migration rate-1.67 migrant(s)/1,000 population (2022 est.)Age structure0–14 years4…

This article relies excessively on references to primary sources. Please improve this article by adding secondary or tertiary sources. Find sources: Dalit Voice – news · newspapers · books · scholar · JSTOR (August 2012) (Learn how and when to remove this template message) The topic of this article may not meet Wikipedia's general notability guideline. Please help to demonstrate the notability of the topic by citing reliable secondary sources that are ind…

M. JhonyInformasi pribadiLahir20 Maret 1987 (umur 36)Matang Serdang, Tanah Jambo Aye, Aceh Utara, AcehKebangsaanIndonesiaPartai politik  Partai AcehSuami/istriElia SafitriOrang tuaTgk. Husein Usman (Ayah Timu) (ayah)Ti Hasanah (ibu)Karier militerPihak Gerakan Aceh MerdekaMasa dinas2001—2005Pertempuran/perangPemberontakan di AcehSunting kotak info • L • B M. Jhony, S.H. (lahir 20 Maret 1987) adalah tokoh pejuang GAM. Dia sekarang menjabat sebagai Ketua DPW Part…

Australian TV series or program Between Two WorldsGenreDramaCreated byBevan LeeWritten byBevan LeeDirected by Kriv Stenders Lynn Hegarty Caroline Bell-Booth Beck Cole Michael Hurst Country of originAustraliaOriginal languageEnglishNo. of series1No. of episodes10[1]ProductionExecutive producerJulie McGauranProducerChris Martin-JonesRunning time60 minutesProduction companySeven StudiosOriginal releaseNetworkSeven NetworkRelease26 July (26 July 2020) –6 September 2020 …

Activity where people recreate aspects of a historical event Reenactors in period uniforms firing muskets in the Battle of Waterloo reenactment, in front of the wood of Hougoumont, 2011Historical reenactments (or re-enactment) is an educational or entertainment activity in which mainly amateur hobbyists and history enthusiasts dress in historic uniforms or costumes and follow a plan to recreate aspects of a historical event or period. This may be as narrow as a specific moment from a battle, suc…

新开河可以指: 新开河 (上海):今上海市黄浦区新开河路,原为老城厢到黄浦江十六铺的水路通道。1874年法租界在上海县城东北角人工开凿了“新开河”水道以解决积水问题。新开河又称“寺浜”。1908年,新开河被填平,“新开河”作为地名被保存了下来。 新开河 (崇明):即“新河港”。位于上海市崇明岛的新河镇。 新开河 (北京):北京市区的一条河流。从北护城河的东口…

United States Army officer (1864–1922) This article is about the United States Army officer. For other uses of the name, see Charles Young (disambiguation). Charles YoungYoung in 1919Born(1864-03-12)March 12, 1864Mays Lick, Kentucky, USDiedJanuary 8, 1922(1922-01-08) (aged 57)Lagos, Colony and Protectorate of NigeriaBuriedArlington National CemeteryAllegianceUnited StatesYears of service1889–1922RankBrigadier General (posthumous)[1]Unit 9th Cavalry Regiment 10th Cavalry Reg…

Kembali kehalaman sebelumnya

Lokasi Pengunjung: 18.226.166.140