Aggressive bidding pushes inter bank rates up, BUSINESS TIMES
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The Inter Bank Foreign Exchange Market ( IFEM ) is closely tied to the official rate.
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Since Malaysia's risk premium has increased, the 3-month inter bank rate should be at about 9 to 10 %.
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Afterwards, it becomes an adjustable rate based on the London Inter Bank Offered Rate, or LIBOR, plus 10.43 percent.
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Foreign exchange-denominated liabilities could not exceed 0.50 percent above the Singapore Inter Bank Offered Rates ( SIBOR ), he said.
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Afterwards, it becomes an adjustable rate based on the London Inter Bank Offered Rate, or LIBOR, plus 10 . 43 percent.
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Foreign exchange-denominated liabilities could not exceed 0 . 50 percent above the Singapore Inter Bank Offered Rates ( SIBOR ), he said.
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The nation's largest steelmaker borrowed $ 100 million abroad at 60 basis points above the London Inter Bank Offered Rate, the Business Standard said.
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TPS is credited with the establishment of the ebanking infrastructure in Pakistan and is powering 80 % of the banks in Pakistan and the largest inter bank shared switch-1LINK.
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Other analysts say the side effects of the situation shouldn't be too severe on the financial system because many institutions had already limited inter bank dealings with Banco Economico.
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