The Libor gets its name from the London Interbank Offered Rate, from the City of London, one of the largest financial centres in the world. The London Interbank Offered Rate is the average interest rate estimated by leading banks in London that the average leading bank would be charged if borrowing from other banks. It is usually abbreviated to Libor (/ËlaÉªbÉr/) or LIBOR, or more officially to ICE LIBOR (for Intercontinental Exchange Libor).
Equifax (NYSE: EFX) is a global leader in consumer, workforce and commercial information solutions, that provides businesses of all sizes and consumers with insight and information they can trust.
For the credit reporting agency, see ChexSystems. Chex is a brand of breakfast cereal, introduced in 1937 and currently manufactured by General Mills. It was originally owned by St. Louis, Missouri-based Ralston Purina, and the Chex name reflects the checkerboard square logo of Ralston Purina. The product line was part of the spinoff of the Ralston portion of Ralston Purina into Ralcorp in 1994.