Eurodollar


Also found in: Dictionary, Thesaurus, Encyclopedia, Wikipedia.
Related to Eurodollar: Eurodollar Bond, Eurodollar Deposits

Eurodollar

Refers to a certificate of deposit in U.S. dollars in a bank that is not located in the U.S. Most of the Eurodollar deposits are in London banks, but Eurodeposits may be anywhere other than the U.S. Similarly, a Euroyen or Euro DM deposit represents a CD in yen or DM outside Japan and Germany, respectively.

Eurodollar

U.S. dollar deposits in banks outside the jurisdiction of the Federal Reserve; that is, outside the United States. Eurodollar futures contracts, which are based on eurodollar desposits, are a highly liquid investment traded on the Chicago Mercantile Exchange. Prices are determined by forecasting the three month USD LIBOR interest rate. Likewise, eurodollar sweeps are a popular short-term investment for large businesses.

The term has nothing to do with the euro, and the prefix "euro-" is used more generally to refer to deposits outside the jurisdiction of the local central bank, e.g. "euroruble."

Eurodollar

A dollar-denominated deposit made in foreign banks or foreign branches of U.S. banks. Depositors sometimes transfer their funds to European banks in order to take advantage of higher interest rates. The Eurodollar is one type of Eurocurrency.

Eurodollar.

Eurodollars are US currency deposited in banks outside the United States but not always in Europe. Certain debt securities are issued in eurodollars and pay interest in US dollars into non-US bank accounts. Eurodollars are a form of eurocurrency.

Eurodollar

see EUROCURRENCY MARKET.
References in periodicals archive ?
For most attorneys, indeed for most people, the words Eurodollar or Eurocurrency probably bring to mind the transnational currency introduced in 1999 and currently used as the medium of exchange in eighteen European nations.
Draghi's comments in August have proven to be more than accurate, with the Eurodollar since dropping from the high 1.
Another key factor affects the Eurodollar forward curve as well.
NEW YORK -- Quantitative Brokers, a fixed-income algorithmic executing broker, released a cointegration model for clients trading Eurodollar futures using its Bolt and Strobe algorithms.
Eurodollar deposit rates are the rates paid on large deposits of dollars in foreign banks.
ROME -- The United First World Currency (UFWC) Eurodollar - already famous as an example exhibited by world leaders who are calling for a supranational currency - is becoming the first 100% ecological coin ever minted.
88 million Eurodollar futures contracts traded following Federal Reserve Meeting
Eurodollar futures provide a measure of expected monetary policy over a longer time horizon--out several years.
The algorithms are the first-ever agency algorithms designed specifically to accommodate the unique Pro-Rata and FIFO matching engines for CME Eurodollar and Treasury futures.
12, 2014 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced expanded access to its CME Eurodollar liquidity pool by offering Bundle futures and options on Bundle futures.
government bonds or by the yield on eurodollar futures.
BERLIN -- Estrel Convention Center - The United Future World Currency (UFWC) Eurodollar coin is exciting tremendous worldwide interest going into the 2010 Berlin World Money Fair starting Friday, January 29, as the number of national mints striking or designing copies continues to escalate.