london interbank mean rate (LIMEAN)

Definition

A rate that can be applied to lending and borrowing transactions in the interbank market, as an alternative to the LIBOR or LIBID rates. The London Interbank Mean Rate is calculated by averaging the LIBOR and LIBID rates, and serves as an indicator of average interbank lending rates in addition to being a functioning rate for borrowing.
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London Commodity Exchange (LCE) London Inter-Bank Offer Rate