Eurocurrency market
The money market for borrowing and lending currencies that are held in the form of
deposits in banks located outside the countries of the currencies issued as legal tender.
Related Terms: ...
Eurocurrency market:
A money market, based mainly in Europe, engaged in the lending and borrowing of Eurocurrencies to finance international trade and investment projects.
Eurocurrency Market - A money market for currencies held in the form of deposits in countries other than that where the currency is issued.
Eurodollars - Dollar-denominated deposits held in a country other than the United States.
Historically, eurocurrency markets started with US dollars. During the cold war the Soviet Union did not wish to take the risk of holding dollar deposits in the US that could be seized or frozen.
Paris Interbank Offer Rate (PIBOR) The deposit rate on interbank transactions in the Eurocurrency market quoted in Paris.
The banks that constitute this market are the same banks that constitute the Eurocurrency market; the difference is that Eurocredit loans are longer-term than so-called Eurocurrency loans.
This phenomenon is due mainly to several factors: (1) the maturation of the eurocurrency markets since the 1960s; (2) dramatic changes in trading room technology in recent years, ...
INTERBANK RATE - the difference in the Eurocurrency market between bid rates for deposits and a bank's ...
INTERBANK SPREAD - The difference between a bank's offer and bid rates for deposits in the Eurocurrency...
Offshore banking units (OBUs) make loans in the Eurocurrency market when they accept deposits from foreign banks and other OBUs.
PIBOR (Paris Interbank Offer Rate)
The deposit rate on interbank transactions in the Eurocurrency market quoted in Paris.
Partnership
Shared ownership among two or more individuals, some of whom may, but do not necessarily, have limited liability.
An agreement by which a syndicate of banks indicates a willingness to accept short-term notes from borrowers and resell these notes in the Eurocurrency markets. Notes to the financial statements ...
Comprises banks that accept deposits and provide loans in large denominations and in a variety of currencies. The banks that constitute this market are the same banks that constitute the Eurocurrency market
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Interbank spread
The difference between a bank's offer and bid rates for deposits in the Eurocurrency market.
NIF - Note Issuance Facility - A syndicate of commercial banks that have agreed to purchase any short to medium-term notes that a borrower is unable to sell in the eurocurrency market.
Note issuance facility (NIF)
An agreement by which a syndicate of banks indicates a willingness to accept short-term notes from borrowers and resell these notes in the Eurocurrency markets.
Interbank rate See: LIBOR Interbank spread The difference between a bank's offer and bid rates for deposits in the Eurocurrency market.
Euroyen Refers to Japanese yen traded in the Eurocurrency markets. Euroyen bond Eurobond denominated in Japanese yen. Eurozone The collective group of countries which use the Euro as their common currency.
 See also: Eurocurrency, Banks, Expected return, Yield curve, Values
  
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