Inter-bank borrowing ... Repurchase of Bond... Repurchase of Bond...

Inter-bank borrowing (FX)

Unsecured, no collateral/pledge short-term borrowing between «First Sino Bank» and other banks.
Service Flow
1. Price: verbal quotation between two parties via phone or Reuters terminal;
2. Close: Once the quote confirmed, both parties print the closing advice;
3. Settle: Once the deal closed, borrowing bank gets the monies from the lending bank and repays principal and interest in full upon maturity.
Negotiate between the two parties referencing the FX inter-bank offered rate.