Interbank lending - is to attract and accommodation on the basis of agreement between the banks are free funds in the form of deposits (deposits) and loans.

Interbank lending has two levels: the first represents the movement of funds between banks and commercial banks, and the second - between the various commercial banks.

Under current conditions, commercial banks for operational fundraising advantage of the opportunities of the interbank market resources, on which the sale of funds mobilized by other lending institutions.

Interbank mechanism is the primary source of borrowed credit of commercial banks, the source of funds to maintain the solvency of balance and security of its obligations. It is provided, usually as part of correspondent relationships.

Interbank loans by the banks themselves or by direct negotiations or through financial intermediaries. If the banks do agree on the interbank loan, their relations are formalized by special contracts that are basically on a certain date. Attracting resources is also in the form of centralized credits. Bank loans granted by commercial banks in financing arrangements and competitive.

Depending on the term interbank loans to distinguish between demand and time. Term interbank loans drawn and placed on the following dates: 1 day, 2 - 7 days, 8-30 days, 31-90 days, 9], 180 days, 181 days-1 year, 1-3 years, over 3 years. Form of interbank loan demand provides for interbank lending to the minimum set by the contract period, after which the loan goes into the category of perpetual and may be claimed by the creditor at any time on notice.

Depending on the test charges for loan can provide loans to the market, high and low interest rate. The market interest rate - the rate that develops at the time of the loan on the basis of supply and demand in the market. Interbank loans with higher interest rates arising from the provision of a high risk of the borrower. Preferential interest rate is part of a differentiated approach to lending, and is rarely used.

Depending on the collateral release interbank loans secured, partially secured and unsecured. As a rule, as security interbank loan is used all the property of the borrower. Most interbank loans is now owned by unsecured.

Interbank loans are further classified according to the currency of the transaction (in Russian rubles and foreign currency), depending on whether or not the limit of loans, the loan amount. To large loans are loans that exceed 5% of the capital of the lending bank.

Widespread are these types of interbank loans, as booking of the correspondent account and overdraft. Booking tools is the use of correspondent bank account to block funds for a certain period. When concluding an agreement on the opening of correspondent accounts often provide for their ability to perform the correspondent account in ovepdrafta mode, the amount of which depends on the daily balance of correspondent accounts, length of documents, the sales turnover of the correspondent account.