International Banking Facility

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International Banking Facility (IBF)

A branch that an American bank establishes in the United States to do Eurocurrency business.

International Banking Facility

A bank or other financial institution that makes loans and accepts deposits for foreign clients. IBFs are not subject to the same reserve requirements or interest rate restrictions as banks providing services for domestic clients. This allows them to be competitive with banks in foreign countries. See also: Eurodollar.
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As the nearby Cayman Islands have succeeded in becoming an international banking center, the Turks and Caicos Islands have devoted significant resources to becoming a focal point for medical care," Washington said.
In his last position, he built an International Banking Center in Toronto, developing software and technical services for the Canadian Banks and other large banks worldwide.
banks operate branches in other international banking centers, such as Hong Kong, Singapore, and London.
US individuals favor a number of international banking centers, which will be flashpoints for FATCA compliance

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