International Banking Facility

(redirected from International Banking Centers)

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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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
I/NET currently develops Internet computer systems and software in both public and private sectors, and is a leading research firm specializing in systems planning, development and implementation of Internet security solutions, including services to provide secure and anonymous financial transactions over the Internet for international banking centers.

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