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Interbank market |
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Interbank marketFinancial institutions exchange of currencies between and among themselves.Interbank market Similar MatchesParis 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 systemClearing house interbank payment systemA computerised payment system for clearing cheques in New York. 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. 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 SuggestionsSociety 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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