About Euribor

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® (Euro Interbank Offered Rate). Euribor® 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 5,000 European banks, and by the Financial Markets Association (ACI). Euribor® was first published on 30 December 1998 for value 4 January 1999.

Euribor® is the rate at which Euro interbank term deposits are offered by one prime bank to another prime bank within the EMU zone, and is published at 11:00 a.m. (CET) for spot value (T+2).

The choice of banks quoting for Euribor® is based on market criteria. These banks are of first class market standing and 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:

	the criteria used to determine which banks may belong to the panel of banks
	the obligations of the Panel Banks
	the tasks and the composition of the Steering Committee, which is responsible for overseeing Euribor®.

THOMSON REUTERS has been chosen as the screen service provider responsible for computing and also 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.

Euribor EBF takes reasonable measures to ensure the quality and accuracy of the information on this Website. However, neither Euribor EBF nor Euribor ACI, nor the EBF, 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 - European Banking Federation. EURIBOR refers to the Euro interbank offered rate. All rights are reserved.

Maintained by Euribor EBF Secretariat