- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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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; the difference is that Eurocredit loans are longer-term than so-called Eurocurrency loans.
Industry:Financial services
Intermediate-term loans of Eurocurrencies made by banking syndicates to corporate and government borrowers.
Industry:Financial services
Instrument issued outside your country, but denominated in your currency. A Eurodollar is a Certificate of Deposit in US dollars in some other country (though mainly traded in London). A Euroyen is a CD in yen outside Japan.
Industry:Financial services
A short-term fixed-rate time deposit denominated in a currency other than the local currency (i.e., US dollars deposited in a London bank).
Industry:Financial services
The money market for borrowing and lending currencies that are held in the form of deposits in banks located outside the countries where the currencies are issued as legal tender.
Industry:Financial services
Refers to a certificate of deposit in US dollars in a bank that is not located in the US Most of the Eurodollar deposits are in London banks, but Eurodeposits may be anywhere other than the US Similarly, a Euroyen or Euro DM deposit represents a CD in yen or DM outside Japan and Germany, respectively.
Industry:Financial services
A certificate of deposit paying interest and principal in dollars, but issued by a bank outside the United States, usually in Europe.
Industry:Financial services
Securities sold in the Euromarket. That is, securities initially sold to investors simultaneously in several national markets by an international syndicate. Related: External market.
Industry:Financial services
A nonunderwritten Euronote issued directly to the market. Euro-MTNs are offered continuously rather than all at once as a bond issue is. Most Euro-MTN maturities are under five years.
Industry:Financial services
