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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 MatchesClearing 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. 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. 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. Clearing house interbank payment systemClearing house interbank payment systemA computerised payment system for clearing cheques in New York. Interbank marketInterbank marketFinancial institutions exchange of currencies between and among themselves. Further SuggestionsLondon Interbank Offered Rate (LIBOR)Moscow Interbank Currency Exchange (MICEX) Society for Worldwide Interbank Financial Telecommunications London Interbank Bid Rate (LIBID) Paris Interbank Offer Rate (PIBOR) |
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