Eurosecurity

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Eurosecurity

A security issued or traded in a country using a currency other than the one in which the security is denominated. This means that the security uses a certain currency, but operates outside the jurisdiction of the central bank that issues that currency. Eurosecurities are issued by multinational corporations; for example, a British company may issue a bond in Germany, denominating it in U.S. dollars. The term has nothing to do with the euro; the prefix "euro-" is used more generally to refer to deposits outside the jurisdiction of the domestic central bank.
References in periodicals archive ?
in London, England, where he headed Citibank's Global Eurosecurities Division and co-headed the bank's New Issue/Syndication Department.
A directive dealing with unlisted securities other than Eurosecurities, enacted in April 1989, provides for mutual recognition of prospectuses among the member states.
She previously served as vice president in Citicorp's Investment Bank, where she was responsible for eurosecurities, project finance and private placements in Latin America and Canada.