London Interbank Bid Rate
From Wikipedia, the free encyclopedia
The London Interbank Bid Rate (LIBID) is a bid rate; the rate bid by banks on Eurocurrency deposits (i.e. the rate at which a bank is willing to borrow from other banks). It is "the opposite" of the LIBOR (an offered, hence "ask" rate). The British Bankers' Association calculates and publishes the official rates.