Eurocurrency market

The money market for borrowing and lending currencies that are held in the form of deposits in banks located outside the countries of the currencies issued as legal tender. The New York Times Financial Glossary
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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. Bloomberg Financial Dictionary

Financial and business terms. 2012.

Look at other dictionaries:

  • Eurocurrency Market — The money market in which Eurocurrency, currency held in banks outside of the country where it is legal tender, is borrowed and lent by banks in Europe. The Eurocurrency market allows for more convenient borrowing, which improves the… …   Investment dictionary

  • Eurocurrency — instrument issued outside your country, but denominated in your currency. A Eurodollar is a certificate of deposit in U.S. dollars issued in some other country (though mainly traded in London). A Euroyen is a CD issued in yen outside Japan.… …   Financial and business terms

  • eurocurrency — A foreign currency deposit at a bank located outside the country where the currency is issued as a legal tender. For example, dollars deposited in a bank in Switzerland are eurodollars, yen deposited at a US bank are euroyen, etc. The deposit… …   Accounting dictionary

  • eurocurrency — A foreign currency deposit at a bank located outside the country where the currency is issued as a legal tender. For example, dollars deposited in a bank in Switzerland are eurodollars, yen deposited at a US bank are euroyen, etc. The deposit… …   Big dictionary of business and management

  • Eurocurrency — / jυərəυkʌrənsi/ noun any currency used for trade within Europe but outside its country of origin, the eurodollar being the most important ● a Eurocurrency loan ● the Eurocurrency market …   Dictionary of banking and finance

  • Eurocurrency — Currency deposited by national governments or corporations in banks outside their home market. This applies to any currency and to banks in any country. For example, South Korean won deposited at a bank in South Africa, is considered eurocurrency …   Investment dictionary

  • Eurocredit market — Comprises banks that accept deposits and provide loans in large denominations and in a variety of currencies. The banks that constitute this market are the same banks that constitute the Eurocurrency market; the difference is that Eurocredit… …   Financial and business terms

  • Foreign currency denominated account — Eurocurrency is the term used to describe deposits residing in banks that are located outside the borders of the country that issues the currency the deposit is denominated in. For example a deposit denominated in US dollars residing in a… …   Wikipedia

  • Евровалютный рынок — (EUROCURRENCY MARKET) рынок активов, где банки принимают депозиты и выдают ссуды в валютах разных стран, но вне пределов страны эмитента …   Современные деньги и банковское дело: глоссарий

  • Revolving Underwriting Facility - RUF — A form of revolving credit in which a group of underwriters agrees to provide loans in the event that a borrower is unable to sell in the Eurocurrency market. These loans are generally provided through the purchase of short term Euronotes. A… …   Investment dictionary

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