Understanding Libor Libor is set each day by collecting estimates from up to 18 global banks on the interest rates they would charge for different loan maturities, given their outlook on local economic conditions. These are averaged together to provide a range of Libor rates. What are inter bank rates?Read More →
Instant transfers – also known as IBFT payments – are processed immediately without any cut-offs or delays during the weekends and non-working days. IBG transfers, on the other hand, are not instant and take a set of time as we’ve already seen. How do I do interbank transfer? Below, you’llRead More →
Interbank loans are important for a well-functioning and efficient banking system. … The interbank market allows banks to smooth through such temporary liquidity shortages and reduce ‘funding liquidity risk’. What is the difference between interbank market and open market? The mid market rate is also known as the interbank rate.Read More →