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Clearing House Interbank Payments System (CHIPS) |
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Clearing House Interbank Payments System (CHIPS)An international wire transfer system for high-value payments operated by a group of major banks.Clearing House Interbank Payments System (CHIPS) Similar MatchesLondon 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. Paris Interbank Offer Rate (PIBOR)Paris Interbank Offer Rate (PIBOR)The deposit rate on interbank transactions in the Eurocurrency market quoted in Paris. Moscow Interbank Currency Exchange (MICEX)Moscow Interbank Currency Exchange (MICEX)Established in 1992, the most liquid and best organized financial exchange in Russia. Interbank rateInterbank rateSee: LIBOR London interbank offered rateLondon interbank offered rateThe 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. Further SuggestionsInterbank marketLondon Interbank Bid Rate (LIBID) clearing house interbank payment system Society for Worldwide Interbank Financial Telecommunications Interbank rate Society for Worldwide Interbank Financial Telecommunications (SWIFT) |
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