Eurocredit

Credit extended in a currency outside the jurisdiction of the central bank of the bank extending the credit. For example, an American bank may make a loan denominated in Japanese yen. 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." Eurocredit loans are usually large and long-term. Banks participating in the eurocredit market generally also participate in the eurocurrency market.

Mentioned in

References in periodicals archive

Moody's also affirmed the rating on the following notes issued by Eurocredit CDO V PLC:

Moody's upgrades EUR 77.8m CLO notes of Eurocredit CDO V PLC

OD-501, dated 12 February 2016, on the termination of activity of provisional administration to manage the credit institution Bank Eurocredit (the city of Moscow);

On release of Bank of Russia Bulletin

Moscow: The Bank of Russia took a decision to terminate the activity of the provisional administration of the credit institution Commercial Bank Eurocredit, limited liability company, appointed by Bank of Russia Order No.

Bank of Russia terminates activity of provisional administration of Commercial Bank Eurocredit

However, it is in explaining new forms of financing, the Eurodollars, Eurobonds, and Eurocredits and the impetus that these new products gave to the London market, that Cassis excels.

Capitals of Capital: A History of International Financial Centres, 1780-2005

Second, Eurocredits were based on floating interest rates (LIBOR plus a spread); thus at any point, the sovereign country could face a sharp rise in its interest repayment burden.

Loan pushing and triadic relations

residents and on net principal repayments of interbank Eurocredits by other foreign banks to finance their drawings from foreign offices.

The international investment position of the United States in 1983

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.