Interbank

(redirected from Inter-Bank Transactions)
Also found in: Dictionary.

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.
Rolf Schneebeli, former vice president of Citibank Switzerland and currently the economic adviser to ARY, said it would be prudent for governments in the GCC to guarantee inter-bank transactions to at least get the financial markets running and kickstart the flow of credit to finance major projects and help financially battered individuals and private companies.
Since the introduction of real time gross settlement, in 1998, inter-bank settlement for the bulk (by value) of payment system and other inter-bank transactions occurs throughout the business day.
We use e-mail for the instant message but the funds are actually transferred in the way that banks settle all their inter-bank transactions, such as cheques, ATM transactions and on-line bill payments, using the secure clearing procedures banks have used for ages.
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.

Full browser ?