Interbank


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Related to Interbank: Interbank market

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 ?
The Taiwan central bank has announced that it has kept its overnight interbank rate unchanged.
The mechanism represents in the Interbank Liquidity Management Fund where the bank in need of cash sales part of its share in the fund to other bank or banks of cash surplus to meet its demand.
The interest rate on interbank loans in foreign currency in December 2014 was 0.
The central bank said, "In recent years, the interbank business of commercial banks has grown quickly, and some banks are conducting their businesses in ways that do not conform to standards.
The Wakala Agreement signed by the two banks is Shari'a compliant and follows the widely accepted OIFI ("Accounting and Auditing Organization for Islamic Financial Institutions") standards making it easier for Omani banks to also engage with international Islamic banks for their interbank liquidity management.
Similar to the London Interbank Offered Rate, Eibor futures contracts are available for trade and there are various Eibor-offered rates depending on the life of the loan.
HE Sheikh Abdulla Saoud Al Thani, Governor of Qatar Central Bank, said, "In establishing the first-ever benchmark interbank rate in Qatar it was vital that we worked with a partner with deep expertise and credibility in this area.
The Islamic Interbank Benchmark Rate (IIBR) was revealed at the 18th annual World Islamic Banking Conference and aims to give Islamic banking an index that will improve interbank lending in the industry and cushion it from the current fluctuations in interbank rates in conventional banking.
During the credit boom before 2007, enormous cross-border interbank claims built up, because banks trusted one another.
In August 2010, People's Bank of China allowed, on a trial basis, some offshore financial institutions to invest in mainland China's interbank bond market, prompting the flowing back of offshore renminbi funds into the mainland and increasing the extent of renminbi's internationalization.
15, 2011 /PRNewswire/ -- Interbank FX, LLC, one of the industry's leading global providers of online forex trading software, introduces IBFXConnect: the first FX trading social network brought to you by a US broker.
The UAE's three-month interbank offered rate fell to 2.