Prime Bank

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Prime Bank

One of the approximately 50 largest banks in the world. Prime banks are well known and trade in extremely large investments. However, the term has a negative connotation because of its association with a prime bank scheme, in which a con man attempts to persuade a person to invest in supposed investment vehicles through a prime bank that does not really exist.
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Kibor rate is the average interest rate at which term deposits are offered between prime banks in the Pakistani wholesale money market or interbank market.
The bulk of liquidity remains invested in short-term placements with prime banks in Europe and the GCC and in highly-rated debt investment securities ('AAA' to 'A-').
An option that may have merit is making it compulsory for the Prime Banks to provide two-way pricing at the rate set.
Premier's prime banks and US private placement note-holders have now given the consents and waivers needed for the takeover, said the firm, and also the Secretary of State provided the essential approval, 2 conditions needed for the pact to go through.
Next is followed by Bank Islam with 15 respondents (15%) used their services, Bank Muamalat (BMMB) with 10 respondents (10%) users and the two lowest choices stated by respondents as their prime banks were Bank Rakyat and Public Bank in Perlis which contain only 2 respondents (2%) each of them.
Libor is calculated daily by asking contributing banks the rate at which they expect term funding to be offered between prime banks at 1100GMT.
The ban on interest, investments in highly-leveraged assets, speculation, trading debt and complex structured products takes out many of the risks that led to the collapse or meltdown of some prime banks.
The ban on interest, investments in highly leveraged assets, speculation, trading debt and complex structured products takes out many of the risks that led to the collapse or meltdown of some prime banks.
Some promoters avoid specific reference to prime banks, instead calling these schemes "risk-free guaranteed high-yield instruments.
In 2003, African Americans were the least likely to apply for mortgages through prime banks and the most likely to apply through subprime mortgage companies.
The email purported to come from a Mr Clement Ani, auditor general of Prime Banks of Africa, and promised recipients 35 per cent of the total.
Prime banks, especially those with foreign share holdings, such as Union Bank of Nigeria -- the seventh largest in sub-Saharan Africa -- or the Ghana Commercial Bank, are already appearing leaner and fitter, with a focus on competitive marketing, product-ranges, pricing and technology.