Sentence examples for estimates of their borrowing from inspiring English sources
That same year a group of American academics circulated a paper showing that banks' individual estimates of their borrowing costs were surprisingly close, given their different levels of risk.
However, individual banks will no longer be able to see each others' estimates of their borrowing costs - which are used to calculate Libor - on the day of submission.
It stands for London Interbank Offered Rate, and is made up of banks' own estimates each day of their borrowing costs in various currencies and various fixed terms up to one year.
The reputation of the City of London, where LIBOR is set by collating estimates of their own borrowing costs from a panel of banks, has been further dented.But this story stretches far beyond Britain.
Estimates of their numbers in Russia vary.
Cash cowed Law of the lend Second-hand suits In ratings heaven Trimmed hedges Betting the house ReprintsDuring the period between August 2007 and May 2010 covered in the litigation, 16 banks participated in a panel under the auspices of the British Bankers Associationn, providing daily estimates of what their own borrowing costs would be, even if they never borrowed.
Each day, in surveys overseen by the British Bankers Associationn, major banks estimate their borrowing costs.
Each morning at 11am in London, submitters at panels of some of the world's biggest banks send their estimates of borrowing costs in various currencies and for various terms.
Barclays and, apparently, many other banks submitted dishonestly low estimates of bank borrowing costs over at least two years, including during the depths of the financial crisis.
One Barclays executive interpreted a memo from Mr Diamond, written after a telephone call with Mr Tucker in the autumn of 2008, as a sanction to "lowball" estimates of Barclays' borrowing costs so as to assuage fears about its solvency.
Over the period of the financial crisis, the estimates of its borrowing costs submitted by Barclays were generally among the top four in the LIBOR panel (see chart 2).
