interbank

/ ɪntəˈbæŋk /

adjective

1. conducted between or involving two or more banks

Example Sentences

Hayes was one of a number of traders who faced criminal charges in the aftermath of the 2008 financial crisis over the manipulation of the London interbank offered rate, or Libor, which was a benchmark rate used in trillions of dollars of financial contracts around the globe before being retired last year.

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The price of the benchmark seven-day repos traded in the interbank market, hit a high of 2.8% on Monday, the highest level since Oct.

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NCDs has been a popular short-term debt instrument used by financial institutions in the interbank market for financing.

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Sources told Reuters earlier this month that China's central bank asked some lenders to cap interest rates on an interbank debt instrument, referring to the rising short-term yields on bank debt and strains in funding markets.

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"The interbank money market now relies heavily on reverse repos, and bank's willingness to lend to their peers is low, and this may be one of the factors that triggers fluctuations in the funding costs towards the month-end," Liu Yu, analyst at GF Securities.

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