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The interbank market has operated in the past, on its highest levels, as a no-name market. It meant that for the banks at the highest level of international credit quality, foreign transactions between banks could be conducted without discriminating by name. Therefore,. they traded among are themselves at no differential credit risk premiums. A major money center bank trading on such a level was said to be trading on-the-run. Thus, on-the-run banks are viewed to have steadfast credit quality. Banks. that are not on-the-run are considered to be of less credit quality, sometimes reflecting more country risk than credit risk, and pay slightly higher rates in the interbank market
, the implementation of the interbank market in the past has performed at the highest level. Unnamed market That means that the bank has a high level of international credibility. Foreign interbank transactions could be carried out without discrimination based on names, so they traded among themselves is no different. Credit risk premium of bank branches in the trade center has said. Is traded on the run. So to call the bank to make quality credit standing. Banks that do not run Credit quality is less Sometimes, reflecting the country more at risk than credit risk and pay a slightly higher rate in the interbank market.
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