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Clearing house interbank payment system |
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Clearing house interbank payment systemA computerised payment system for clearing cheques in New York.Similar MatchesInterbank rateInterbank rateSee: LIBOR Society for Worldwide Interbank Financial Telecommunications (SWIFT)Society for Worldwide Interbank Financial Telecommunications (SWIFT)A dedicated computer network to support funds transfer messages internationally between over 900 member banks world-wide. London Interbank Offered Rate (LIBOR)London Interbank Offered Rate (LIBOR)The rate of interest that major international banks in London charge each other for borrowings. Many variable interest rates in the US are based on spreads off LIBOR. By contrast with the bid rate LIBID quoted by banks seeking such deposits. London Interbank Bid Rate (LIBID)London Interbank Bid Rate (LIBID)The bid rate that a Euromarket bank is willing to pay to attract a deposit from another Euromarket bank in London. Related: LIBOR. Interbank rateInterbank rateThe rate of interest charged by a bank on a loan to another bank. See LIBOR. Further SuggestionsMoscow Interbank Currency Exchange (MICEX)Paris Interbank Offer Rate (PIBOR) Society for Worldwide Interbank Financial Telecommunications London interbank offered rate Clearing House Interbank Payments System (CHIPS) Interbank market |
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