What does KIBOR mean in ACCOUNTING
KIBOR stands for Karachi Inter-Bank Offered Rate. It is an important monetary indicator used to determine the cost of money for different financial institutions and banks in Pakistan. KIBOR rates are derived from the transactions which take place between different banks working in Pakistan, serving as a benchmark to measure the cost of money at any given time. The KIBOR rate is mainly used by local banking institutions and commercial operations in Pakistan when determining credit agreements and other lending terms
KIBOR meaning in Accounting in Business
KIBOR mostly used in an acronym Accounting in Category Business that means Karachi Inter-Bank Offered Rate
Shorthand: KIBOR,
Full Form: Karachi Inter-Bank Offered Rate
For more information of "Karachi Inter-Bank Offered Rate", see the section below.
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Essential Questions and Answers on Karachi Inter-Bank Offered Rate in "BUSINESS»ACCOUNTING"
What is KIBOR?
KIBOR stands for Karachi Inter-Bank Offered Rate. It's the rate at which banks in the Karachi money market offer to lend unsecured funds to other banks.
How does KIBOR work?
KIBOR is determined based on what interest rate other banks are willing to pay each another on overnight loans. The benchmark rate is used by lenders as a reference point when setting lending rates.
Who compiles and publishes KIBOR data?
The State Bank of Pakistan collects and publishes data on an assortment of KIBOR index rates, including 3-month, 6-month and 12-month terms.
What factors determine the KIBOR rate?
Market sentiment, the liquidity of funds available in the banking system and creditworthiness of counterparties help determine the daily fixing rate of KIBOR.
Who uses KIBOR rates?
Banks, corporates, governmental institutions and financial institutions use KIBOR as a reference for pricing short-term loans and deposits.
How often do KIBOR rates change?
Rates are updated every week day at 11AM (PST) or 1pm (EST).
How can I access current & historical KIBOR data?
You can find current & historical data on a variety of different websites such as Bloomberg & Investing.com.
Final Words:
KIBOR (Karachi Inter Bank Offered Rate) is an important financial indication used by banks throughout Pakistan to measure the cost of money at any given time. As this indicator shows trends within banking activities in different markets, it can also be utilized by investors to gain insight into how economic conditions are changing over time. Therefore, it can serve both businesses and individuals who are interested in understanding Pakistan's current economic climate.