53 Terminology LIBOR the london inter Bank offer rate It is the rate of interest offered by banks on deposits from other banks in Eurocurrency markets Options, Futures, and Other Derivatives, 4th edition@ 2000 by John C. Hull Tang Yincai, Shanghai Normal UniversityOptions, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, Shanghai Normal University 5.3 Terminology • LIBOR the London InterBank Offer Rate It is the rate of interest offered by banks on deposits from other banks in Eurocurrency markets