Eurocredit market(redirected from Euro-Credit Market)
Banks who make and receive loans in currencies outside the jurisdiction of the issuing central bank. 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.