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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 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 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. Interbank rateInterbank rateSee: LIBOR Interbank rateInterbank rateThe rate of interest charged by a bank on a loan to another bank. See LIBOR. Society for Worldwide Interbank Financial TelecommunicationsSociety for Worldwide Interbank Financial TelecommunicationsAn international body which sets protocols and standards for international payment systems, such as electronic money transfers. Further SuggestionsSociety for Worldwide Interbank Financial Telecommunications (SWIFT)clearing house interbank payment system London Interbank Offered Rate (LIBOR) Paris Interbank Offer Rate (PIBOR) Moscow Interbank Currency Exchange (MICEX) Interbank market |
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