Interbank market

 

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Interbank market

Financial institutions exchange of currencies between and among themselves.



Interbank market

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.


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.


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.


Further Suggestions

Clearing House Interbank Payments System (CHIPS)
London Interbank Offered Rate (LIBOR)
Interbank rate
Paris Interbank Offer Rate (PIBOR)
Moscow Interbank Currency Exchange (MICEX)
Society for Worldwide Interbank Financial Telecommunications


 
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