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 Matches

Clearing house interbank payment system

Clearing house interbank payment system

A computerised payment system for clearing cheques in New York.


Interbank rate

Interbank rate

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


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.


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.


Interbank market

Interbank market

Financial institutions exchange of currencies between and among themselves.


Further Suggestions

London interbank offered rate
Society for Worldwide Interbank Financial Telecommunications
Interbank rate
Moscow Interbank Currency Exchange (MICEX)
Paris Interbank Offer Rate (PIBOR)
Society for Worldwide Interbank Financial Telecommunications (SWIFT)


 
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