Interest rate

Well, 2nd one is Ask or LIBOR right (as it is less because if I am a Bank then always my offered interest rate should be less)? Can you please validate that?

Thanks,

From: Scott Hixon <scott_hixon at me.com>
Subject: Re: [R-SIG-Finance] Interest rate
To: "Megh Dal" <megh700004 at yahoo.com>
Date: Monday, July 19, 2010, 6:40 PM
Likely the bid and ask figures.

Sent from my iPhone

On Jul 19, 2010, at 9:04 AM, Megh Dal <megh700004 at yahoo.com>
wrote:

Dear all, I need to price some derivatives therefore
need the risk free interest rate. Anyways I decided, I will
take 1-month LIBOR reported on FT. From this site "http://markets.ft.com/ft/markets/researchArchive.asp?report=OINT&cat=BR"
if I select "Choose a Category -->> Bonds & rate"
and "Choose a Report -->> International money market
rate", for the date july-01, 2010 I get Interest rate quote
as "0.46 - 0.24"
Here my question is what is the meaning of this pair
of numbers? Are they LIBID & LIBOR (smaller one is
LIBOR) respectively?
So for pricing derivative should I take "0.24%" after
converting it cont. compounded? Or should I take average of
those 2 numbers?
Your help will be highly appreciated.

Thanks and regards,

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