Which LIBOR?
Hello all,

I'm digging through large commercial loan data (*e.g.*, loans &gt; $30,000,000) and am trying to determine how to calculate the interest rate. Most of the loans indicate L + xxx Basis Points. In this context, I'm assuming that the reference to L is Libor. However, I'm unsure which Libor rate would be used as the base rate (*e.g.*, 3-month, 6-month). Thus, when identifying L + xxx Basis Points, which Libor rate is being referenced? Thanks for your help. 
[{"id": "eapkswt", "text": "Usually 1 month libor", "replies": [{"id": "eaqe36t", "text": "I'd hazard that that it's definitely 1-month (30-day) LIBOR. No one quotes in \"L + XXX\" without meaning that.", "replies": [], "depth": 2}, {"id": "eaql697", "text": "This.  Plus the loan itself should specify exactly which LIBOR rate is used.", "replies": [], "depth": 2}], "depth": 1}, {"id": "eapm7na", "text": "It is usually 1 month, but it's defined in the loan agreement. I'm not sure how much you've digging, but you should know that libor is being retired and will no longer be published I think sometime in 2019 ", "replies": [], "depth": 1}, {"id": "eapm97j", "text": "Well, in Serbia is usually 3 month for real estate purchases, but really depends on the bank...", "replies": [], "depth": 1}, {"id": "eapmq80", "text": "1 month libor, sometimes you get Prime and others fixed. You can \u201cfix\u201d a rate with an interest rate protection agreement such as a swap or cap it with a cap.", "replies": [], "depth": 1}, {"id": "eaqgnjy", "text": "Usually 1 month but 3 sometimes", "replies": [], "depth": 1}, {"id": "eau18v5", "text": "I work at a large bank in CRE and every loan made is 1 month ", "replies": [], "depth": 1}, {"id": "ebkawcn", "text": "In the US, it is most likely one-month or 30-day LIBOR", "replies": [], "depth": 1}]