IBOR Terms definition
IBOR Terms. A) Minimum Amount of $500,000, increments of $100,000 thereafter. B) Maturity and availability: Up to three months; may not exceed Expiry. C) Prepayment of IBOR Borrowings not permitted. D) Notification: Two day notification prior to 12:00 noon on the day of notification. E) Irrevocability: Acceptance of a pricing commitment from the Bank will constitute an irrevocable agreement to borrow under the revolving line of credit. F) Interest computed on the basis of a 360 day year and the number of days elapsed.