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.
References in periodicals archive ?
Examples include: the London Interbank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (EURIBOR) (both benchmarks for interbank interest rates); oil price assessments; and stock market indices.
British authorities have said they will charge 10 bankers with manipulating the Euro Interbank Offered Rate (Euribor).
The senior tranche of Bosphorus CLO I Limited is priced at 115 basis points above Euro Interbank Offered Rate, which is one of the tightest spreads in the European CLO market.
The manipulation of the benchmark interest rates included the London Interbank Offered Bank ("LIBOR"), the Euro Interbank Offered Rate ("EURIBOR") and Euroyen Tokyo Interbank Offered Rate ("TIBOR") (collectively, "IBOR").
These products are traded worldwide and play a key role in the global economy, while they derive their value from the level of a benchmark interest rate, such as the Euro Interbank Offered Rate (EURIBOR) for the euro.
The senior tranche of Avoca Capital CLO X Limited is priced at 140 basis points above the Euro Interbank Offered Rate, which is one of the tightest spreads in the European CLO market.
All the new rates are applicable as of November 25, and are consequent to revisions the lender is making to its Bank Base Rate, the Housing Loan Base Rate and the Consumer Loan Base Rate as these are linked to the Euro Interbank Offered Rate (Euribor) on that date.
The European Commission is tipped to slap six of the world's biggest banks with fines for the manipulation of one of the world's most important interbank lending rates - Euro Interbank Offered Rate (Euribor).
The FSA said UBS had routinely sought to manipulate submissions to calculate Libor and the Euro Interbank Offered Rate and (Euribor), to make its trading positions more profitable and give the appearance the bank was on a stronger financial footing as the financial crisis began unfolding in 2007.
The difference between the euro interbank offered rate and overnight index swaps, known as the Euribor-OIS spread, was 14.
5 million for misconduct relating to the London Interbank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (EURIBOR).
Barclays admitted to unconscionable fixing of global interest rates in the London Interbank Offered Rate (LIBOR) and Euro Interbank Offered Rate (EURIBOR) markets.