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interbank |
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interbank [ɪntəˈbæŋk] adj
(Economics, Accounting & Finance / Banking & Finance) conducted between or involving two or more banks Translations interbank adj (Fin) interbank deposits → Bank-bei-Bank-Einlagen pl; interbank loan → Bank-an-Bank-Kredit m How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The two types of traders work together to make money on the spread--the difference between the prices quoted to corporate customers and prices obtained in the interbank market. Rottenberg says the one-year loan, placed on behalf of a Virginia-based developer, was priced 225 basis points over the one-month London Interbank Offered Rate. But both the Farm Credit System (FCS) and nontraditional lenders like John Deere Credit also peg variable interest rates on their largest loans to the London Interbank Offer Rate index, known as LIBOR. |
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