Interbank

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Interbank

Describing any loan, deposit, transaction or other relationship between two banks. Interbank transactions provide a great deal of liquidity to the market. Interbank interest rates are often used as benchmarks for other rates. See also: Interbank loan, Interbank rate, Interbank deposit.
References in periodicals archive ?
SBP is also planning to provide facility to securely exchange data pertaining to inter-bank transactions online to effect to individual beneficiary account within stipulated time.
Where African banks have lagged woefully behind, however, has been in the establishment of electronic central processing systems for effecting inter-bank transactions," he adds.
Under the SINPE system, all inter-bank transactions are processed electronically.
Our system even permits the processing of inter-bank transactions between member ATMs.
In 2009, the number of UnionPay card inter-bank transactions reached 7 billion with an amount of USD 1.
5 crore users and is seeing about seven lakh inter-bank transactions a day.
It was not known if majority of the defaulters had cleared their dues after obtaining new bank loans then what procedure was being considered for the recovery of income tax, wealth tax and loans following the inter-bank transactions.
1 billion; in 2009, the number of CUP card inter-bank transactions reached 7 billion with an amount of USD 1.
Examples include inventory control, exception reporting for retail sales and managing inter-bank transactions.
It provides banking services with commercial finance, inter-bank transactions, amongst others.
Time critical messages include updates on items such as currency rates and inter-bank transactions from abroad, and internal information that needs to be shared with outside parties including its auditors.
The ImagineCard Corporate solution's digital-signature features also prevent information from being altered or intercepted once it is sent across any network, creating higher levels of security for critical business applications and high-value transactions, such as payment authorization or inter-bank transactions.

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