Interbank market


 

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Interbank market

Financial institutions exchange of currencies between and among themselves.



Interbank market

Similar Matches

Paris Interbank Offer Rate (PIBOR)

Paris Interbank Offer Rate (PIBOR)

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


Clearing house interbank payment system

Clearing house interbank payment system

A computerised payment system for clearing cheques in New York.


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.


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.


Clearing House Interbank Payments System (CHIPS)

Clearing House Interbank Payments System (CHIPS)

An international wire transfer system for high-value payments operated by a group of major banks.


Further Suggestions

Society for Worldwide Interbank Financial Telecommunications (SWIFT)
Interbank rate
Moscow Interbank Currency Exchange (MICEX)
London Interbank Offered Rate (LIBOR)
Interbank rate
Society for Worldwide Interbank Financial Telecommunications


 
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