TELBOR RATE definition
TELBOR RATE. The interest rate for inter-bank loans in NIS, calculated by interest offers offered by several banks in Israel, for a period specified in the first proposal report of the relevant series, as it appears on the sample day (if it is on Monday to Thursday - at 13:00 or near it, and if it is on Friday - at 12:00 or near it) at the Reuters information distribution system or other source of information as detailed in the first proposal offer of bonds from the relevant series;