ISO 20022 · Benchmark curve name
LIBILIBID
Published definition
Rate at which major international banks are willing to take deposits from one another, is normally 1/8 percent below LIBOR. London InterBank Bid Rate, the rate bid by banks on Eurocurrency deposits; the international rate that banks lend to other banks.
Code set and usage
Benchmark curve name contains 43 registered codes. Its exact identifier is ExternalBenchmarkCurveName1Code.
Specifies the external benchmark curve name code in the format of character string with a maximum length of 4 characters. The list of valid codes is an external code list published separately. External code sets can be downloaded from www.iso20022.org.
Use the code with the applicable message version and implementation guide. A matching code value alone does not establish the same meaning in another set.