|
|
Interbank market |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Interbank marketFinancial institutions exchange of currencies between and among themselves.Interbank market Similar MatchesInterbank rateInterbank rateSee: LIBOR Society for Worldwide Interbank Financial Telecommunications (SWIFT)Society for Worldwide Interbank Financial Telecommunications (SWIFT)A dedicated computer network to support funds transfer messages internationally between over 900 member banks world-wide. 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 rateInterbank rateThe rate of interest charged by a bank on a loan to another bank. See 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 SuggestionsLondon interbank offered rateLondon Interbank Bid Rate (LIBID) Paris Interbank Offer Rate (PIBOR) Moscow Interbank Currency Exchange (MICEX) clearing house interbank payment system Society for Worldwide Interbank Financial Telecommunications |
|
|
|