London interbank offered rate
London 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.
Clearing house interbank payment systemClearing house interbank payment system
A computerised payment system for clearing cheques in New York.
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 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.
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 SuggestionsInterbank market
London Interbank Offered Rate (LIBOR)
Society for Worldwide Interbank Financial Telecommunications (SWIFT)
Society for Worldwide Interbank Financial Telecommunications