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Re: mystic krewe post# 63443

Thursday, 05/08/2008 12:58:48 AM

Thursday, May 08, 2008 12:58:48 AM

Post# of 107353
Chev, it wouldn't surprise me to have rates based off LIBOR for this kind of financing. The London Interbank Offered Rate (or LIBOR,) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market (or interbank market). http://en.wikipedia.org/wiki/LIBOR