The Libor rate is used to carry out trillions of pounds worth of financial deals.
All
six men, who have pleaded not guilty, are accused of conspiracy to
defraud by trying to move the rate linked to the Japanese yen.
The trial at Southwark Crown Court is set to last 12 to 14 weeks.
The
men - Noel Cryan, Darrell Read, Danny Wilkinson, Colin Goodman, James
Gilmour and Terry Farr - have been accused by prosecutors of "widespread
manipulation" of rates.
They are alleged to have assisted another bank trader called Tom Hayes and others at banks UBS and Citigroup.
Hayes was convicted of rate-rigging in August.
Opening
the case for the prosecution, Muhul Chawla QC said all six defendants
conspired with Mr Hayes and others and that they were "rewarded in
various ways to corrupt the system".
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