Jeannie

Understanding the Mumbai Interbank Offered Rate.



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Mumbai Interbank Offered Rate (MIBOR) is the rate at which banks offer to lend funds to one another in the interbank market in Mumbai. It is used as a benchmark for short-term interest rates in the Indian financial market. MIBOR rates are set daily by the Fixed Income Money Market & Derivatives Association of India … Read more

What is Bank Acceptance?



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Bank acceptance is a loan short-term that is made to an exporter or importer in order to facilitate the international trade. In order to carry out a bank acceptance, you start with a letter of credit that supports an international transaction. Once it is finished, its face value must be paid in the future. Bank … Read more