What is full form of LIBOR ? What is full form of MIBOR ? The full form of LIBOR is London Inter Bank Offered Rate.The full form of MIBOR is Mumbai Inter Bank Offered Rate. LIBOR is used for which currencies ?For Which currency is MIBOR used ? What are the maturities!eriods for which LIBOR and MIBOR are "uoted on re#ular basis ? Originally, in 1986 LIBOR was published for three currencies ie U!, "B# and $#%&Later on othercurrencies were added and after 'erger of so'e currencies in ())) into *uro, now Libor rates arecalculated for 1) currencies and 1+ borrowing periods ranging fro' o,ernight to one year& -heseare published daily at 11./) a' 0London ti'e1& LIBORis calculatedand !ublished by Thomas Reuters on behalf of British Bankers$ %ssociation &BB%' for currencies like&(')* +ollar, &-' .B /ound &.B/',&0' 1uro &1)R',&2' *wiss Franc &34F',&5' 3anadian dollar &3%+',&6'7a!anese 8en &7/8',&9' +anish :rone &+::',&;' *wedish :orna &*1:', &R'.AIn @iew of LIBOR scandel &see last "uestion at the end of this article', now an inde!endent authority is bein# mooted, which is likely to start workin# in -=(0 itself.B The rates are !ublished for !eriod ran#in# from ( day to (- months&i.e. ( day, ( week, - weeks, ( month, - month ...... u!to (- months at monthly inter@als' +efine LIBOR and MIBOR ?4ow are LIBOR and MIBOR arri@ed at ? The interbank borrowing is undertaken by financial institutions either to make profits or to cover short-term liquidity shortfallsThus, we can define LIBOR as the a@era#e interest rate estimated by leadin# banks in London that they would be !ayin# if they borrow from otherbanks. LIBOR is arri@ed at each day by BB% throu#h a sur@ey from (; maCor #lobal banks for the )*+ by askin# the "uestion D%t what rate could you, borrow funds, were youto do so by askin# for and then acce!tin# inter bank offers in a reasonable market siEe Cust !rior to ((.== %M &London local time'. Then BB% eFcludes the hi#hest 2 and lowest 2 res!onses, and a@era#es the remainin# (= res!onses.This a@era#e rate is !ublished at ((.0= %M. %s we ha@e made it clear it is declared for (5 different maturities i.e. ( day &o@erni#ht' to ( year. Thus, we can say that LIBOR is a set of indeFes. MIBOR is the interest rate at which banks can borrow funds, in marketable siEe, from other banks in the Indian interbank market. MIBOR is calculated e@eryday by the >ational *tock 1Fchan#e of India &>*1IL' as a wei#hted a@era#e of lendin# rates of a #rou! of banks, on funds lent to firstGclass borrowers.The MIBOR was launched on 7une (5, (o@ember (=, (uire'ents that infor'ation be 'ore transparent& In,estigations and follow up is still going on, and 'ore 'ay co'e out in the co'ing 'onths& 0Last updated on (68/8()1/1