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What (who) is İnterbank - definition
İnterbank
DEFUNCT TURKISH BANK
Selanik Bankası
İnterbank A.Ş is a defunct Turkish bank, the successor of the Banque de Salonique () founded in 1888 in Thessaloniki () and relocated to Istanbul in 1910.
Interbank foreign exchange market
SUBCLASS OF A FINANCIAL MARKET
Interbank markets; Interbank market; Interbank forex market
The interbank market is the top-level foreign exchange market where banks exchange different currencies. The banks can either deal with one another directly, or through electronic brokering platforms.
Interbank lending market
MARKET IN WHICH BANKS EXTEND LOANS TO ONE ANOTHER FOR A SHORT TERM
Interbank rate; Interbank interest rate; Interbank lending
The interbank lending market is a market in which banks lend funds to one another for a specified term. Most interbank loans are for maturities of one week or less, the majority being over day.
Examples of use of İnterbank
1. In interbank trading the greenback gained more ground.
2. They said the money from failed bids returned to the interbank market and increased liquidity.
3. The loan is the longest ruble syndication to date and is priced at 275 basis points over three–month Mosprime, an interbank rate the EBRD is promoting as a benchmark to function like the London Interbank Offered Rate.
4. Interbank Loan Rates Touch 10% Reuters Overnight rates on Russia‘s interbank money market touched 10 percent Wednesday, their highest since mid–2005, amid a deepening liquidity squeeze that has led some banks to curb lending.
5. CFETS, also known as the National Interbank Funding Centre, is the only foreign exchange and interbank money market in China, created and governed by the People‘s Bank of China, the central bank.