Interbank

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15h
Zero Hedge
Global Institutions May Be Susceptible To Hackers, SWIFT Remains Vulnerableto and from central banks in Asia, Russia, China, Africa, and the Americas is k
Global Institutions May Be Susceptible To Hackers, SWIFT Remains Vulnerable
Zero Hedge / Posted 15 hours ago
to and from central banks in Asia, Russia, China, Africa, and the Americas is known as SWIFT (The Society for Worldwide Interbank Financial Telecommunication). SWIFT provides a means for sending messages between the parties that have access to... Read more
22h
The China Post
Bangladesh gets US$165 million in credit from China-led AIIBinterest rate of LIBOR plus 1.15 percent and a repayment period of 25 years wit
Bangladesh gets US$165 million in credit from China-led AIIB
The China Post / Posted 22 hours ago
interest rate of LIBOR plus 1.15 percent and a repayment period of 25 years with five years in grace period. LIBOR (London Interbank Offered Rate) is the rate at which banks charge each other for short-term loans in the London interbank market. It... Read more
1d
AllAfrica.com
Devaluation - NLC Calls On Govt to Increase Palliativesprimary and secondary markets move closer; retention of the 41 banned items on
Devaluation - NLC Calls On Govt to Increase Palliatives
AllAfrica.com / Posted yesterday
primary and secondary markets move closer; retention of the 41 banned items on the ban-list; Primary dealers to operate the interbank market; "Long-dated forwards (6-12 months) to be issued by CBN for enhancement of liquidity; CBN will no longer... Read more
1d
The Financial Express
Market Review: Sensex shows weekly loss of 228 points on Brexitrupee opened sharply lower at 67.65 per dollar as against the last weekend’s le
Market Review: Sensex shows weekly loss of 228 points on Brexit
The Financial Express / Posted yesterday
rupee opened sharply lower at 67.65 per dollar as against the last weekend’s level of 67.08 per dollar at the Interbank Foreign Exchange (forex) market and went down further to 68.22 per dollar on heavy dollar demand from bankers and... Read more
114 related stories
1d
Inquirier.net
Global financial markets tumble following EU exitPhilippines. The Australian dollar fell heavily against the dollar and the yen,
Global financial markets tumble following EU exit
Inquirier.net / Posted yesterday
Philippines. The Australian dollar fell heavily against the dollar and the yen, while traditional stress markers such as interbank dollar funding rates in Singapore and Hong Kong were steady. However, treasury bill and government bond yields... Read more
499 related stories
1d
Raw Story
Surprise Brexit vote unleashes scramble for dollarsin the currency market. The cost premium on three-month cross-currency swap co
Surprise Brexit vote unleashes scramble for dollars
Raw Story / Posted yesterday
in the currency market. The cost premium on three-month cross-currency swap contracts, measured by the three-month London interbank offered rate on dollars over the three-month rate on euros, was quoted about minus 46 basis points on Friday, ICAP... Read more
2 related stories
1d
The Globe and Mail
Brexit a grave blow to globalization: James Saftfirst 10 months of 2015 in Group of 20 industrial nations, according to the Cen
Brexit a grave blow to globalization: James Saft
The Globe and Mail / Posted yesterday
first 10 months of 2015 in Group of 20 industrial nations, according to the Center for Economic Policy Research. Global interbank lending, a key measure of financial flows, is also in retreat, falling by more than half a trillion dollars in the... Read more
1d
Reuters
Surprise Brexit vote unleashes scramble for dollarsmarket. The cost premium EURCBS3M=ICAP on three-month cross-currency swap cont
Surprise Brexit vote unleashes scramble for dollars
Reuters / Posted yesterday
market. The cost premium EURCBS3M=ICAP on three-month cross-currency swap contracts, measured by the three-month London interbank offered rate on dollars USD3MFSR= over the three-month rate on euros EUR3MFSR=, was quoted about minus 46 basis... Read more
2 related stories
1d
Channel NewsAsia
Dollar funding costs jump after Brexit votein the currency market. The cost premium on three-month cross-currency swap co
Dollar funding costs jump after Brexit vote
Channel NewsAsia / Posted yesterday
in the currency market. The cost premium on three-month cross-currency swap contracts, measured by the three-month London interbank offered rate on dollars over the three-month rate on euros , was quoted about minus 46 basis points on Friday, ICAP... Read more
2 related stories
1d
AllAfrica.com
Fitch Downgrades Nigeria to 'B+', With Stable OutlookN282.80 on Wednesday. Also, as a result of the move by the central bank to str
Fitch Downgrades Nigeria to 'B+', With Stable Outlook
AllAfrica.com / Posted yesterday
N282.80 on Wednesday. Also, as a result of the move by the central bank to strengthen liquidity in the market, the overnight tenor of the Nigeria Interbank Offered Rate (NIBOR) dropped to 34.42 per cent yesterday, from 68.50 per cent on Wedn... Read more
9 related stories
2d
The Economic Times
Bonds end mixed, call rates finish lowerMUMBAI: Government bonds (G-Secs) ended mixed in thin trade following alternate
Bonds end mixed, call rates finish lower
The Economic Times / Posted 2 days ago
MUMBAI: Government bonds (G-Secs) ended mixed in thin trade following alternate bouts of buying and selling. However, the interbank call rates finished lower due to lack of demand from borrowing banks amidst comfortable liquidity situation in the... Read more
8 related stories
2d
Market Watch
European banks take a hammering after Brexit votefor trades decreasing as investors clung to their cash amid uncertainty. But ba
European banks take a hammering after Brexit vote
Market Watch / Posted 2 days ago
for trades decreasing as investors clung to their cash amid uncertainty. But bank executives said there was no pressure on interbank funding, which is crucial to keep financial markets functioning. The Bank of England and the European Central Bank... Read more
2d
AllAfrica.com
Fitch Downgrades Nigeria's Credit Rating to 'B+'be able to meet its debt obligations. Meanwhile, the naira, yesterday, strengt
Fitch Downgrades Nigeria's Credit Rating to 'B+'
AllAfrica.com / Posted 2 days ago
be able to meet its debt obligations. Meanwhile, the naira, yesterday, strengthened for the second consecutive day, as the interbank foreign exchange rate dropped to N281.67 per dollar. Citing increased fiscal and external vulnerability, slow... Read more
9 related stories
2d
AllAfrica.com
National Bank to Maintain Inflation Close to Five Percent Targetof market based interest rates. This will further improve the function of the
National Bank to Maintain Inflation Close to Five Percent Target
AllAfrica.com / Posted 2 days ago
of market based interest rates. This will further improve the function of the money market and reduce volatility in the interbank cash market, while increasing the role of interest rates in the transmission of impact of monetary policy... Read more
2d
Channel NewsAsia
Nigeria's Dangote shifts focus from cement to oil and gasthe official rate of 197 for the last 16 months, leading to a 30 percent devalu
Nigeria's Dangote shifts focus from cement to oil and gas
Channel NewsAsia / Posted 2 days ago
the official rate of 197 for the last 16 months, leading to a 30 percent devaluation as the currency traded freely on the interbank market. Dangote said the decline had pushed up costs. "This devaluation alone, we have lost over 50 billion naira... Read more
2d
Newsmax
Shock Waves Ripple Through Credit Markets After U.K. Brexit Votecompared with 0.27 on Thursday. The measure indicates where traders expect the
Shock Waves Ripple Through Credit Markets After U.K. Brexit Vote
Newsmax / Posted 2 days ago
compared with 0.27 on Thursday. The measure indicates where traders expect the gap between the three-month dollar London interbank offered rate, or Libor, and the fed funds effective rate -- dubbed Libor/OIS -- will be in the future. More than... Read more
2d
AllAfrica.com
Vulnerability of Nigeria's Economy Worsens - Fitchbe able to repay its debt obligations. Meanwhile, the naira, Thursday strength
Vulnerability of Nigeria's Economy Worsens - Fitch
AllAfrica.com / Posted 2 days ago
be able to repay its debt obligations. Meanwhile, the naira, Thursday strengthened for the second consecutive day, as the interbank foreign exchange rate dropped to N281.67 per dollar. Citing increased fiscal and external vulnerability, slow... Read more
9 related stories
2d
Channel NewsAsia
Singapore banking system remains sound following Brexit outcome: MASSINGAPORE: The Monetary Authority of Singapore (MAS) said on Friday (Jun 24) th
Singapore banking system remains sound following Brexit outcome: MAS
Channel NewsAsia / Posted 2 days ago
SINGAPORE: The Monetary Authority of Singapore (MAS) said on Friday (Jun 24) that "Singapore’s interbank money markets continue to function in an orderly manner and its banking system remains sound", following the outcome of the UK’s referendum on EU... Read more
2d
Manila Bulletin
Asia central banks, policymakers wade in to calm markets on Brexit voteoff in times of heightened market stress, fell heavily against the dollar and t
Asia central banks, policymakers wade in to calm markets on Brexit vote
Manila Bulletin / Posted 2 days ago
off in times of heightened market stress, fell heavily against the dollar and the yen. Traditional stress markers such as interbank dollar funding rates in Singapore and Hong Kong were broadly steady, but treasury bill and front end government... Read more
4 related stories
2d
asianage
Asia policymakers ready to act as Brexit vote roils marketsmarket if volatility seemed overdone. Money market rates were calmer in early
Asia policymakers ready to act as Brexit vote roils markets
asianage / Posted 2 days ago
market if volatility seemed overdone. Money market rates were calmer in early trading. Traditional stress markers such as interbank dollar funding rates in Singapore and Hong Kong were broadly steady, while treasury bill and front end government... Read more
4 related stories
2d
Business Standard India
Asia policymakers ready to act as Brexit vote roils marketsmarket if volatility seemed overdone. Money market rates were calmer in early
Asia policymakers ready to act as Brexit vote roils markets
Business Standard India / Posted 2 days ago
market if volatility seemed overdone. Money market rates were calmer in early trading. Traditional stress markers such as interbank dollar funding rates in Singapore and Hong Kong were broadly steady, while treasury bill and front end government... Read more
4 related stories
2d
Japan Today
Asia's policymakers ready to act as Brexit vote shakes markets ‹ Japan Todaymarket if volatility seemed overdone. Money market rates were calmer in early
Asia's policymakers ready to act as Brexit vote shakes markets ‹ Japan Today
Japan Today / Posted 2 days ago
market if volatility seemed overdone. Money market rates were calmer in early trading. Traditional stress markers such as interbank dollar funding rates in Singapore and Hong Kong were broadly steady, while treasury bill and front end government... Read more
4 related stories
2d
Reuters
Asia policymakers ready to act as Brexit vote roils marketsmarket if volatility seemed overdone. Money market rates were calmer in early
Asia policymakers ready to act as Brexit vote roils markets
Reuters / Posted 2 days ago
market if volatility seemed overdone. Money market rates were calmer in early trading. Traditional stress markers such as interbank dollar funding rates in Singapore and Hong Kong were broadly steady, while treasury bill and front end government... Read more
4 related stories
2d
Investopedia
MAS Includes the Yuan in Official Foreign Reservesbank has been making RMB, or Chinese yuan financial investments via China’s Qua
MAS Includes the Yuan in Official Foreign Reserves
Investopedia / Posted 2 days ago
bank has been making RMB, or Chinese yuan financial investments via China’s Qualified Foreign Institutional Investors and interbank bond market schemes since 2012, and the investments have benefited MAS with portfolio diversification options.... Read more
2d
The Economic Times
Rupee ends higher by 23 paise vs dollarsaid. The rupee opened higher at 67.43 per dollar as against the yesterday's c
Rupee ends higher by 23 paise vs dollar
The Economic Times / Posted 2 days ago
said. The rupee opened higher at 67.43 per dollar as against the yesterday's closing level of 67.48 per dollar at the Interbank Foreign Exchange (Forex) market. It firmed up further to 67.2375 per dollar before ending at 67.25 per dollar,... Read more
3d
Business Standard India
Gilts end mixed ahead of Brexit vote outcome, call rates updue to alternate bouts of buying and selling even as historic Brexit referendum
Gilts end mixed ahead of Brexit vote outcome, call rates up
Business Standard India / Posted 3 days ago
due to alternate bouts of buying and selling even as historic Brexit referendum continued to dominate sentiment. However, interbank call rates recovered after a brief fall on the back of some demand from borrowing banks amid tight liquidity in the... Read more
8 related stories
3d
Zero Hedge
Gold Lower Despite “Panic” Due To “Supply Issues” In Inter Bank Gold Marketand institutional demand in recent days, particularly in the UK, which is leadi
Gold Lower Despite “Panic” Due To “Supply Issues” In Inter Bank Gold Market
Zero Hedge / Posted 3 days ago
and institutional demand in recent days, particularly in the UK, which is leading to “panic” and “supply issues” in the interbank gold market. Supply issues which respected gold analysts and ourselves have warned in recent years were taking... Read more
3d
Bdnews24.com
Atiur Rahman blames global money transfer system for heisteconomically marginalise certain parts of the world. A spokeswoman for SWIFT —
Atiur Rahman blames global money transfer system for heist
Bdnews24.com / Posted 3 days ago
economically marginalise certain parts of the world. A spokeswoman for SWIFT — which stands for Society for Worldwide Interbank Financial Telecommunication — declined to comment on Atiur Rahman’s remarks but told NYT : “Security weaknesses at... Read more
3d
AllAfrica.com
CBN Opens Discount Window As Interest Rate Hits 74 Percent(CBN), yesterday, opened its discount window in apparent bid to save the bankin
CBN Opens Discount Window As Interest Rate Hits 74 Percent
AllAfrica.com / Posted 3 days ago
(CBN), yesterday, opened its discount window in apparent bid to save the banking system from scarcity of funds which sent interbank interest rate to 74 percent at the close of business. The discount window is the medium through which banks use... Read more
35 related stories
3d
AllAfrica.com
Rise in Non-Oil Revenue Boosts May Allocation to N305 Billionin revenue from non-oil and mineral revenue sources during the month. This is
Rise in Non-Oil Revenue Boosts May Allocation to N305 Billion
AllAfrica.com / Posted 3 days ago
in revenue from non-oil and mineral revenue sources during the month. This is just as the naira closed firmer at both the interbank and parallel markets yesterday, as the Central Bank of Nigeria (CBN) sold dollars for the third day running, after... Read more
3d
New Kerala
Chinese yuan strengthens against USS - newkerala.com #80558parity rate each trading day, Xinhua news agency reported. The central parity
Chinese yuan strengthens against USS - newkerala.com #80558
New Kerala / Posted 3 days ago
parity rate each trading day, Xinhua news agency reported. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each busi... Read more
4d
The Economic Times
Rupee ends steady at 67.48 per dollarEuropean Union. The rupee opened lower at 67.59 per dollar as against yesterda
Rupee ends steady at 67.48 per dollar
The Economic Times / Posted 4 days ago
European Union. The rupee opened lower at 67.59 per dollar as against yesterday's closing level of 67.48 per dollar at the Interbank Foreign Exchange (Forex) market. It dropped further to 67.63 per dollar on initial dollar demand from banks and... Read more
4d
AllAfrica.com
Supply Gap in New Forex Market Forces Naira Down to N284/$exchange by banks between Monday and Tuesday, a development which spiked inter-
Supply Gap in New Forex Market Forces Naira Down to N284/$
AllAfrica.com / Posted 4 days ago
exchange by banks between Monday and Tuesday, a development which spiked inter-bank interest rate to more than triple. The interbank overnight rate soared to 60 percent on Tuesday from 18 percent as banks expected the CBN to debit them about N1.15... Read more
35 related stories
4d
AllAfrica.com
IMF Wants Interbank Interest Rate Controlledpricing. An IMF working paper on monetary policy implementation and volatility
IMF Wants Interbank Interest Rate Controlled
AllAfrica.com / Posted 4 days ago
pricing. An IMF working paper on monetary policy implementation and volatility in yields in Kenya says the highly volatile interbank rate is leading to instability in the Treasury Bill rate, a key component in cost of loans in the country. Banks... Read more
4d
International Business Times
Seven banks kick-off Ripple's blockchain network including Santander, UBS and UniCredit - '90 more in the pipline' Ripple, the interbank payment solution using distributed ledgers, has announced
Seven banks kick-off Ripple's blockchain network including Santander, UBS and UniCredit - '90 more in the pipline'
International Business Times / Posted 4 days ago
Ripple, the interbank payment solution using distributed ledgers, has announced the names of seven banks on its network, which are the first in the world to move real money across borders using any kind of blockchain-based technology. Santander,... Read more
3 related stories
4d
AllAfrica.com
Despite CBN's U.S.$100 Million Intervention, Naira Falls Marginally to N284.83/U.S.$The naira depreciated marginally to N284.83 to a dollar on the second day of tr
Despite CBN's U.S.$100 Million Intervention, Naira Falls Marginally to N284.83/U.S.$
AllAfrica.com / Posted 4 days ago
The naira depreciated marginally to N284.83 to a dollar on the second day of trading on the interbank spot market on Tuesday, as against the N281.85 at which it closed on Monday, even as the Central Bank of Nigeria (CBN) intervened for the second day... Read more
35 related stories
4d
AllAfrica.com
Interest Rates Rise Againthe Standing Lending Facility (the interest rate paid by the commercial banks t
Interest Rates Rise Again
AllAfrica.com / Posted 4 days ago
the Standing Lending Facility (the interest rate paid by the commercial banks to the central bank for money borrowed on the Interbank Money Market) will rise immediately by 150 base points, from 12.75 to 14.25 per cent. This is the sixth increase... Read more
4d
Channel NewsAsia
Renminbi investments to be part of Singapore's official foreign reserves: MASsaid that it has been making RMB financial investments through China’s Qualifie
Renminbi investments to be part of Singapore's official foreign reserves: MAS
Channel NewsAsia / Posted 4 days ago
said that it has been making RMB financial investments through China’s Qualified Foreign Institutional Investor and interbank bond market schemes since 2012, and that investing in China has provided portfolio diversification benefits for... Read more
4d
AllAfrica.com
Naira Consolidates Against Dollarand the Euro as it traded at N450 and N356 respectively. Meanwhile, the Naira
Naira Consolidates Against Dollar
AllAfrica.com / Posted 4 days ago
and the Euro as it traded at N450 and N356 respectively. Meanwhile, the Naira also exchanged at N281.85 at the official interbank rate at the end of trading on Monday. Traders at the market said that the consolidated appreciation of the Naira... Read more
35 related stories
4d
AllAfrica.com
Naira Extends Losses Against Dollarthe Central Bank of Nigeria sold $3.5 billion on the forward market after it au
Naira Extends Losses Against Dollar
AllAfrica.com / Posted 4 days ago
the Central Bank of Nigeria sold $3.5 billion on the forward market after it auctioned $532 million and intervened on the interbank market to clear the backlog of hard currency orders worth around $4 billion. CBNk sold $697 million in one-month... Read more
4d
AllAfrica.com
Naira Depreciates to N281.85/ Per Dollar As CBN Clears U.S.$4.02 Billion BacklogBy Babajide Komolafe and Nkiruka Nnorom The naira, yesterday, depreciated to N
Naira Depreciates to N281.85/ Per Dollar As CBN Clears U.S.$4.02 Billion Backlog
AllAfrica.com / Posted 4 days ago
By Babajide Komolafe and Nkiruka Nnorom The naira, yesterday, depreciated to N281.85 per dollar in the interbank foreign exchange market as the Central Bank of Nigeria, CBN, sold $4.02 billion to clear the backlogs of matured foreign exchange... Read more
35 related stories
4d
Zero Hedge
Negative Interest Rates Aren’t Working Because They Haven’t Been Triedplaying field from talking about the interest rate on loans to the interest rat
Negative Interest Rates Aren’t Working Because They Haven’t Been Tried
Zero Hedge / Posted 4 days ago
playing field from talking about the interest rate on loans to the interest rate on savings. Instead of taking interest on interbank loans all the way into the negative zone, central bankers said they were going to start charging banks interest on... Read more
4d
Reuters
Fed's Powell warns that dollar-based Libor could disappear3, 2015. NEW YORK/WASHINGTON Financial markets need to consider the risks of r
Fed's Powell warns that dollar-based Libor could disappear
Reuters / Posted 4 days ago
3, 2015. NEW YORK/WASHINGTON Financial markets need to consider the risks of relying heavily on the dollar-based London Interbank Offer Rate because this reference rate could stop being published, Federal Reserve Governor Jerome Powell said on... Read more
4d
Channel NewsAsia
Fed's Powell warns that dollar-based Libor could disappearREUTERS: Financial markets need to consider the risks of relying heavily on the
Fed's Powell warns that dollar-based Libor could disappear
Channel NewsAsia / Posted 4 days ago
REUTERS: Financial markets need to consider the risks of relying heavily on the dollar-based London Interbank Offer Rate (Libor) because this reference rate could stop being published, Federal Reserve Governor Jerome Powell said on Tuesday. "Market... Read more
5d
AllAfrica.com
CBN Clears U.S.$4.55 Billion in Spot and Forward Trading As Naira Peg Is LiftedBy Goddy Egene, Eromosele Abiodun and Obinna Chima Trading took off under the
CBN Clears U.S.$4.55 Billion in Spot and Forward Trading As Naira Peg Is Lifted
AllAfrica.com / Posted 5 days ago
By Goddy Egene, Eromosele Abiodun and Obinna Chima Trading took off under the new rules for the Nigeria Interbank Foreign Exchange (NIFEX) market monday, with the Central Bank of Nigeria (CBN) participating in spot and forward trading, where it met... Read more
35 related stories
5d
The Economic Times
Rupee weakens further to 67.48, ends down 17 paiseby the stock exchanges. The rupee opened lower at 67.40 per dollar against the
Rupee weakens further to 67.48, ends down 17 paise
The Economic Times / Posted 5 days ago
by the stock exchanges. The rupee opened lower at 67.40 per dollar against the yesterday's closing level of 67.31 at the Interbank Foreign Exchange market and hovered in a range of 67.35 and 67.55 before ending at 67.48 per dollar, showing a loss... Read more
2 related stories
5d
AllAfrica.com
Market Update - Naira Falls to N281.85/$ As CBN Clears U.S.$4.02 BacklogCentral Bank of Nigeria lifted the peg on the naira, the local currency depreci
Market Update - Naira Falls to N281.85/$ As CBN Clears U.S.$4.02 Backlog
AllAfrica.com / Posted 5 days ago
Central Bank of Nigeria lifted the peg on the naira, the local currency depreciated to N281.85 to the dollar on the Nigeria Interbank Foreign Exchange (NIFEX) market on Monday, with the central bank conducting Special Secondary Market Intervention... Read more
5d
AllAfrica.com
New Forex Deal Makes N282 to Dollar At CBN's U.S.$4 Billion OfferN281.5 to the dollar. The transactions, which were made up of $3.5 billion in
New Forex Deal Makes N282 to Dollar At CBN's U.S.$4 Billion Offer
AllAfrica.com / Posted 5 days ago
N281.5 to the dollar. The transactions, which were made up of $3.5 billion in forward sales and about $530 million at the interbank market, were targeted at clearing up the huge backlog of demands that have remained unmet. Forwards market, which... Read more
35 related stories
5d
AllAfrica.com
Naira Now 280/$1 As Flexible Regime BeginsOgwu and Mohammed Shosanya The naira yesterday lost 29 percent of its value, e
Naira Now 280/$1 As Flexible Regime Begins
AllAfrica.com / Posted 5 days ago
Ogwu and Mohammed Shosanya The naira yesterday lost 29 percent of its value, exchanging at 280 to the dollar at the interbank market as the new flexible exchange rate regime commenced. Before the new regime, the local currency last week... Read more
35 related stories
5d
AllAfrica.com
Value of Naira Plummets After Nigeria Ends Dollar Peg20 in what the bank is calling a "managed float." "We now believe that the tim
Value of Naira Plummets After Nigeria Ends Dollar Peg
AllAfrica.com / Posted 5 days ago
20 in what the bank is calling a "managed float." "We now believe that the time is right" to reintroduce the "flexible interbank exchange rate market," he said. The naira was pegged to between 197 and 199 naira for one US dollar for the past... Read more
35 related stories
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