Interbank marketFinancial institutions exchange of currencies between and among themselves.
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 rate
The 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.
Moscow Interbank Currency Exchange (MICEX)Moscow Interbank Currency Exchange (MICEX)
Established in 1992, the most liquid and best organized financial exchange in Russia.
Society for Worldwide Interbank Financial TelecommunicationsSociety for Worldwide Interbank Financial Telecommunications
An international body which sets protocols and standards for international payment systems, such as electronic money transfers.
Further SuggestionsLondon interbank offered rate
Paris Interbank Offer Rate (PIBOR)
Society for Worldwide Interbank Financial Telecommunications (SWIFT)
London Interbank Bid Rate (LIBID)
clearing house interbank payment system