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Interbank market |
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Interbank marketFinancial institutions exchange of currencies between and among themselves.Interbank market Similar MatchesInterbank rateInterbank rateThe rate of interest charged by a bank on a loan to another bank. See LIBOR. 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. 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 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 payment systemClearing house interbank payment systemA computerised payment system for clearing cheques in New York. Further SuggestionsSociety for Worldwide Interbank Financial TelecommunicationsMoscow Interbank Currency Exchange (MICEX) Paris Interbank Offer Rate (PIBOR) Clearing House Interbank Payments System (CHIPS) Interbank rate London interbank offered rate |
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