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

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 rate

Interbank rate

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

Interbank rate

See: LIBOR


Paris Interbank Offer Rate (PIBOR)

Paris Interbank Offer Rate (PIBOR)

The deposit rate on interbank transactions in the Eurocurrency market quoted in Paris.


Further Suggestions

London interbank offered rate
Moscow Interbank Currency Exchange (MICEX)
Society for Worldwide Interbank Financial Telecommunications (SWIFT)
Society for Worldwide Interbank Financial Telecommunications
Interbank market
clearing house interbank payment system


 
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