|
|
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 MatchesClearing house interbank payment systemClearing house interbank payment systemA computerised payment system for clearing cheques in New York. 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. Moscow Interbank Currency Exchange (MICEX)Moscow Interbank Currency Exchange (MICEX)Established in 1992, the most liquid and best organized financial exchange in Russia. 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. 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. Further SuggestionsClearing House Interbank Payments System (CHIPS)London Interbank Offered Rate (LIBOR) Paris Interbank Offer Rate (PIBOR) Interbank market Society for Worldwide Interbank Financial Telecommunications (SWIFT) |
|
|
|