Interbanknetzwerke
Interbanknetzwerke, also known as interbank networks, are financial infrastructures that facilitate the transfer of funds and information between different banks. These networks are crucial for the smooth functioning of the modern financial system, enabling transactions such as ATM withdrawals, point-of-sale purchases, and electronic fund transfers. They act as intermediaries, connecting banks that may not have direct bilateral relationships, thereby streamlining the clearing and settlement process.
Membership in an interbank network is typically restricted to financial institutions that meet certain criteria. These
The primary functions of interbank networks include authorization, clearing, and settlement. Authorization confirms the availability of