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.