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Interbank rate |
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Interbank rateThe rate of interest charged by a bank on a loan to another bank. See LIBOR.Interbank rateSee: LIBORInterbank rate Similar MatchesLondon 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. Interbank marketInterbank marketFinancial institutions exchange of currencies between and among themselves. Society for Worldwide Interbank Financial TelecommunicationsSociety for Worldwide Interbank Financial TelecommunicationsAn international body which sets protocols and standards for international payment systems, such as electronic money transfers. 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. Further SuggestionsLondon Interbank Offered Rate (LIBOR)Society for Worldwide Interbank Financial Telecommunications (SWIFT) Paris Interbank Offer Rate (PIBOR) clearing house interbank payment system London Interbank Bid Rate (LIBID) |
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