DEFINITION of 'Euro Interbank Offer Rate - Euribor'

Euribor is a reference rate expressing the average interest rate at which eurozone banks offer unsecured loans on the interbank market.

BREAKING DOWN 'Euro Interbank Offer Rate - Euribor'

The Euro Interbank Offer Rate (Euribor) in fact refers to a set of eight money market rates corresponding to different maturities: the one-week, two-week, one-month, two-month, three-month, six-month, nine-month and 12-month rates. The rates, which are updated daily, represent the average interest eurozone banks charge each other for uncollateralized loans.

Euribor rates are an important benchmark for a range of euro-denominated financial products, including mortgages, savings accounts and derivatives. Euribor's role in the eurozone is analogous to Libor's in the U.S. and Britain.

The 20 panel banks that contribute to Euribor handle the largest volume of eurozone money market transactions. They are:

• Belfius (Belgium)

• BNP-Paribas (France)

• HSBC France

• Natixis (France)

• Crédit Agricole (France)

• Société Générale (France)

• Deutsche Bank (Germany)

• DZ Bank (Germany)

• National Bank of Greece

• Intesa Sanpaolo (Italy)

• Monte dei Paschi di Siena (Italy)

• UniCredit (Italy)

• Banque et Caisse d'Épargne de l'État (Luxembourg)

• ING Bank (Netherlands)

• Caixa Geral De Depósitos (Portugal)

• Banco Bilbao Vizcaya Argentaria (Spain)

• Banco Santander (Spain)

• CECABANK (Spain)

• CaixaBank (Spain)

Barclays (Britain)

RELATED TERMS
  1. Financial Plan

    A financial plan is a comprehensive evaluation of an investor's ...
  2. Consumer Price Index - CPI

    A measure that examines the weighted average of prices of a basket ...
  3. World Bank Group

    The World Bank Group is the world's most prominent development ...
  4. Panel Bank

    The name given to the group of banks contributing to the Euro ...
  5. New Alternative Transportation ...

    A bipartisan proposal introduced in April, 2011 that amends the ...
  6. Initial Public Offering - IPO

    The first sale of stock by a private company to the public. IPOs ...
Related Articles
  1. Taxes

    10 States with Highest Income Taxes

    Find out who is actually paying the most state taxes as a percent of their income. California and New Jersey are not in the top 10.
  2. Managing Wealth

    The Pros & Cons Of Owning Rental Property

    Becoming a landlord can be a smart financial move, but be sure you go into it with your eyes open.
  3. Managing Wealth

    Business Vs. Consumer Credit Reports: What's the Difference?

    Find out the difference between a business credit report and a personal credit report, and why it should matter for business owners.
  4. Personal Finance

    First Resume? Tips For High School Students

    Here's how to shape your school projects, babysitting and any other jobs you've had into a resume that will get you hired.
  5. Investing

    Choosing To Rent Or Buy in New York City

    Yes, it's good to compare values in the rental and home buying markets in the Big Apple, but be aware that personal factors are often the deciding ones.
  6. Trading

    Choose Abundance and Manage Your Trades Like A Pro

    Professional traders build skills to last a lifetime, not just through the next rally or selloff. Cultivate the psychology and skills that make a successful trader.
  7. Retirement

    How Much Money Do You Need to Retire in India?

    Retirees will find their savings can go quite far in India. The real challenge for many Americans will be obtaining visas and authorizations.
  8. Personal Finance

    What Are The Pros and Cons Of A 15-Year Mortgage?

    The shorter term, and higher monthly payment, are only part of the picture.
  9. Financial Advisor

    Career Advice: Investment Banking Vs. Investment Management

    Review an in-depth comparison between investment banking and investment management, their respective career paths and which one you should choose.
  10. Financial Advisor

    The Best Training Programs For CFP Exams

    The competition to become a financial planner is hot, and growing hotter. Find out the best way to preparing to land the CFP designation.
RELATED FAQS
  1. Are 401(k) rollovers taxable?

    Learn what parts are eligible for 401(k) rollover, the tax impact of a direct rollover or manual rollover, and the time limit ... Read Answer >>
  2. Why is the Chicago Board Options Exchange important?

    Learn about the history of the Chicago Board Options Exchange and understand the CBOE's central importance in the financial ... Read Answer >>
  3. Who are Tesla's (TSLA) main suppliers?

    Learn about the electric car manufacturer, Tesla Motors, and discover the more than two dozen suppliers that provide parts ... Read Answer >>
Hot Definitions
  1. Bond

    A bond is a fixed income investment in which an investor loans money to an entity (corporate or governmental) that borrows ...
  2. Whole Life Insurance Policy

    A life insurance contract with level premiums that has both an insurance and an investment component. The insurance component ...
  3. Compound Annual Growth Rate - CAGR

    The Compound Annual Growth Rate (CAGR) is the mean annual growth rate of an investment over a specified period of time longer ...
  4. Capital Asset Pricing Model - CAPM

    A model that describes the relationship between risk and expected return and that is used in the pricing of risky securities. ...
  5. Internal Rate Of Return - IRR

    A metric used in capital budgeting measuring the profitability of potential investments.
  6. Current Ratio

    The current ratio is a liquidity ratio that measures a company's ability to pay short-term and long-term obligations.
Trading Center