For a particular currency, the value of this index is calculated as the average of the ten middle values reported by 18 banks at 11:30 GMT every trading day.
Originating in 1986, Thomson Reuters publishes this set of indexes for ten currencies and fifteen maturation lengths. For a particular currency, the value of this index is calculated as the average of the ten middle values reported by 18 banks at 11:30 GMT every trading day. Recently acquired by NYSE Euronext for a nominal fee, participants in setting this index have recently been subject to increased regulation, in light of member banks, such as Barclay's, manipulating this value. For 10 points, what scandal-rocked British interest-rate index is used to set interest rates across the financial industry?
Originating in 1986, Thomson Reuters publishes this set of indexes for ten currencies and fifteen maturation lengths.
{LIBOR} or {London Interbank Offered Rate}