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Euro Interbank Offer Rate |
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Euro Interbank Offer Rate The average interest rate participating banks offer each other for unsecured loans. The loans are denominated in the euro even though not all participating banks operate in the European Union. Because these banks operate the largest share of the European money market, the EURIBOR is a benchmark for short term interest rates. It is also a benchmark for euro-denominated forward rate agreements and interest rate swaps. Likewise, EURIBOR is used in some floating rate bonds, with the interest rate spread being expressed as: "EURIBOR + X base points." See also: LIBOR, panel bank. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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