Euro CD

Euro CD

A certificate of deposit issued primarily in London by a foreign bank or a foreign branch of a U.S. bank.
Mentioned in ?
References in periodicals archive ?
By necessity we use 1- and 3-month euro commercial paper rates because a well-developed euro CD market does not exist.
As of today's date, euro CDs with terms of 3, 6, and 12 months yield 3%, 3 1/8 %, and 3 3/8% respectively.