In case, the bank has shortage of money and the need arises, then it will have to take the money from the interbank market so that it can meet up to the requirements of the client. It is also possible that the bank is having enough money that is more than its need, commonly said to be the surplus. Then, it will be in a position to provide loans to other banks in the financial market. Hence, it will charge a certain portion as an interest rate what we call Interbank Rate. The latest interbank rates are updated from time to time worldwide. LIBOR (London Interbank Offered Rate) is the interest rate determined and adjusted on the daily basis by the major banks in London. It is also known as BBA LIBOR, i.e. British Bankers’ Association LIBOR. So, it is the basic standard for loans of short time period. The currency used for the LABOR is Eurodollars on the international level. The duration of these loans can be as short as 24 hours and as long as 5 years. The rate varies from day to day. There are specific terms used as the names of lending and borrowing bank, i.e. the borrowing bank is called “Nostro” while the lending bank is known as “Vostro”. Today, there are several websites that maintain the interbank rates in the form of a chart. It consists of the columns of “the currency of the country, Rate of Central Bank, O/N, 3M, 6M”, etc.