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 ?

Under the agreement AFD would provide a soft loan for the project for a period of 20 years, including a grace period of six years at an interest rate of six-month Euro interbank offered rate (Euribor) with a spread of 52 basis points.

Pakistan, France ink credit facility deal

The UK Serious Fraud Office (SFO) alleges they conspired with others at Barclays, Deutsche Bank, Societe Generale and other banks to defraud by rigging Euribor, the Euro interbank offered rate, for profit.

UK charges Euribor Six with six-year rate-rigging plot

The accused - six from Deutsche Bank, four from Barclays, and one from Societe Generale - are the first to face criminal proceedings as a result of an investigation by the Serious Fraud Office (SFO) into the alleged manipulation of the Euro Interbank Offered Rate (Euribor).

PS1m bail for rate-rig accused

British authorities have said they will charge 10 bankers with manipulating the Euro Interbank Offered Rate (Euribor).

UK regulators charge traders over Euribor rigging

Superintendent of Financial Services Benjamin Lawsky noted that "Deutsche Bank employees engaged in a widespread effort to manipulate benchmark interest rates for financial gain." A number of the employees involved in misconduct have already left the bank, he said, yet those that remain are "being terminated or banned from the New York banking system." 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").

Deutsche Bank to pay USD 2.5 bln for manipulation

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.

EU brings forward antitrust charges against Credit Agricole, HSBC and JPMorgan

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.'

BNY Mellon appointed trustee and portfolio administrator for Avoca Capital CLO X

This first exchange of views comes in the wake of the London Interbank Offered Rate (Libor) and the Euro Interbank Offered Rate (Euribor) scandals, and after the US fined Dutch bank Rabobank over US$1 billion last week for its involvement in rigging benchmark interest rates.

FINANCIAL MARKETS : SCOPE OF DRAFT REGULATIONS ON BENCHMARKS "TOO BROAD" - BOWLES

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).

Rate Fixing Scandal: EC to Hit RBS, HSBC, JPM and Three Other Banks With Euribor Rigging Fines

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.

How UBS manipulated interest rates

The difference between the euro interbank offered rate and overnight index swaps, known as the Euribor-OIS spread, was 14.4 basis points at 8:25 a.m.