Business, Legal & Accounting Glossary
SIBOR stands for the Singapore Interbank Offered Rate and is the rate of interest at which banks borrow funds from other banks in the Singapore wholesale (or “interbank”) money market. Using this interbank rate is more common in the Asian region and set by the Association of Banks in Singapore (ABS).
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This glossary post was last updated: 13th February, 2020 | 0 Views.