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About Euribor®
European banks considered that the introduction, in 1999, of the single
currency made it necessary to establish a new interbank reference rate
within the Economic and Monetary Union: Euribor®.
Euribor® (Euro Interbank Offered Rate)
is the benchmark rate of the large euro money market that has emerged
since 1999. It is sponsored by the European Banking Federation (EBF),
which represents the interests of some 5000 European banks and by the Financial
Markets Association (ACI).
Euribor® is the rate at which euro interbank
term deposits are offered by one prime bank to another prime bank and
is published at 11.00 a.m. CET for spot value (T+2).
Euribor® was first published on 30 December
1998 for value 4 January 1999.
The choice of banks quoting for Euribor®
is based on market criteria. These banks are of first class credit standing.
They have been selected to ensure that the diversity of the euro money
market is adequately reflected, thereby making Euribor®
an efficient and representative benchmark.
A strict Code of Conduct sets out rules covering, amongst other things:
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the criteria used to determine which banks may belong
to the panel of banks. |
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the obligations of the Panel Banks. |
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the tasks and the composition of the Steering Committee,
which is responsible for overseeing Euribor®. |
Reuters (formerly Moneyline Telerate) has been chosen as the screen service
provider responsible for computing and publishing Euribor®.
Since its launch, Euribor® has become
a reality on the derivatives markets and is the underlying rate of many
derivatives transactions, both OTC and exchange-traded.
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What's
new ? Homepage Euribor® Eonia® Panel
Banks Steering
Committee
TARGET Holidays Legacy
Transactions Press
Releases FAQs
© Copyright 2000 FBE |
Euribor FBE takes reasonable measures to ensure the quality and accuracy of the information on this Website. However, neither Euribor FBE nor Euribor ACI, nor the FBE, nor the ACI (collectively, the 'Parties') can be held liable in any way for the inaccuracy or incompleteness of any information that is available on or through this Website.
In addition, none of the Parties can in any way be held liable or responsible for the content of any Website linked to this Website.
EURIBOR is a trade mark registered in the name of Euribor - Fédération Bancaire Européenne. EURIBOR refers to the Euro interbank offered rate. All rights are reserved.
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