Libor, Eurodollar, OIS, Fed Fund rate … common features

deposit — All are based on the simple instrument of “deposit” — $1 deposited today grows to $1.00x

unsecured — when I deposit my $1 with you, you may go down with my money. Credit risk is low but non-zero.

inter-bank — the deposit (or the lending) is between banks. The lending rate is typically higher when lending to non-banks.

short-term — overnight, 3M etc, up to 12M.

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