Interbank rateThe rate of interest charged by a bank on a loan to another bank. See LIBOR.
Interbank rateSee: 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 system
A computerised payment system for clearing cheques in New York.
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 TelecommunicationsSociety for Worldwide Interbank Financial Telecommunications
An 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.
Further SuggestionsLondon Interbank Bid Rate (LIBID)
Moscow Interbank Currency Exchange (MICEX)
Society for Worldwide Interbank Financial Telecommunications (SWIFT)
London interbank offered rate