Finance

IBCL

January 6, 2024
Finance

Overnight Interbank Rate

January 7, 2024

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A type of interbank loan that has a fixed term (maturity) during which the lender cannot require repayment of the loan’s face value. A interbank term loan (IBTL) has longer maturities compared to overnight deposits and repos that dominate the interbank markets.

These loans are used by banks, in these markets, co-insure long-term liquidity risks. Examples include term repos and term deposits.

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