|
|
Interbank rate |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Interbank rateThe rate of interest charged by a bank on a loan to another bank. See LIBOR.Interbank rateSee: LIBORInterbank rate Similar MatchesInterbank marketInterbank marketFinancial institutions exchange of currencies between and among themselves. London 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. 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. Paris Interbank Offer Rate (PIBOR)Paris Interbank Offer Rate (PIBOR)The deposit rate on interbank transactions in the Eurocurrency market quoted in Paris. Clearing house interbank payment systemClearing house interbank payment systemA computerised payment system for clearing cheques in New York. Further SuggestionsSociety for Worldwide Interbank Financial Telecommunications (SWIFT)Clearing House Interbank Payments System (CHIPS) Society for Worldwide Interbank Financial Telecommunications London Interbank Offered Rate (LIBOR) Moscow Interbank Currency Exchange (MICEX) |
|
|
|