Eurocurrency

Business / Finance / Eurocurrency: Intermediate-term loans of Eurocurrencies made by banking syndicates to corporate and government borrowers.

Eurocurrency Deposit

Business / Finance / Eurocurrency Deposit: Instrument issued outside your country, but denominated in your currency. A Eurodollar is a Certificate of Deposit in U.S. dollars in some other country (though mainly traded in London). A Euroyen is MORE

Eurocurrency Market

Business / Finance / Eurocurrency Market: A short-term fixed-rate time deposit denominated in a currency other than the local currency (i.e., U.S. dollars deposited in a London bank). MORE

Eurodollar

Business / Finance / Eurodollar: The money market for borrowing and lending currencies that are held in the form of deposits in banks located outside the countries where the currencies are issued as legal tender. MORE

Note Issuance Facility (NIF)

Business / Finance / Note Issuance Facility (NIF): An agreement by which a syndicate of banks indicates a willingness to accept short-term notes from borrowers and resell these notes in the Eurocurrency markets. MORE

International Banking Facility (IBF)

Business / Finance / International Banking Facility (IBF): A branch that an American bank establishes in the United States to do Eurocurrency business. MORE

Paris Interbank Offer Rate (PIBOR)

Business / Finance / Paris Interbank Offer Rate (PIBOR): The deposit rate on interbank transactions in the Eurocurrency market quoted in Paris. MORE

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