Clearing house interbank payment system

 

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Clearing house interbank payment system

A computerised payment system for clearing cheques in New York.



Similar Matches

Interbank market

Interbank market

Financial institutions exchange of currencies between and among themselves.


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.


Interbank rate

Interbank rate

The rate of interest charged by a bank on a loan to another bank. See LIBOR.


London interbank offered rate

London interbank offered rate

The interest rate that the largest international banks charge each other for loans, usually of Eurodollars. In fact, LIBOR includes rates quoted each day for many currencies, excluding the euro, but it is the rate for dollar loans that is used as a benchmark for other transactions.


Society for Worldwide Interbank Financial Telecommunications

Society for Worldwide Interbank Financial Telecommunications

An international body which sets protocols and standards for international payment systems, such as electronic money transfers.


Further Suggestions

Clearing House Interbank Payments System (CHIPS)
Paris Interbank Offer Rate (PIBOR)
London Interbank Bid Rate (LIBID)
London Interbank Offered Rate (LIBOR)
Interbank rate
Moscow Interbank Currency Exchange (MICEX)


 
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