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Also referred to as the international market, the offshore market, or, more popularly, the Euromarket. A mechanism for trading securities that at issuance (1) are offered simultaneously to investors in a number of countries and (2) are issued outside the jurisdiction of any single country. Related: Internal market.
The market or trade of any securities that are offered to investors in multiple countries and are outside the jurisdiction of any particular country. For example, a British company may issue a bond on an external market if it issues it in Germany and France and denominates it in U.S. dollars. External markets are also called euromarkets. It is important to note, however, that 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 domestic central bank.