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. Dollar-Cost Averaging (DCA)

    Dollar-cost averaging is the system of regularly procuring a ...
  2. World Bank Group

    The World Bank Group is the world's most prominent development ...
  3. Big Figure

    Big figure is the stem, or whole dollar price, of a price quote. ...
  4. Graham-Cassidy Healthcare Bill

    The Graham-Cassidy bill is the last chance Congressional Republicans ...
  5. Irrevocable Trust

    An irrevocable trust cannot be modified, amended or terminated ...
  6. Interbank Deposits

    In an interbank deposit, one bank holds funds on behalf of another ...
Related Articles
  1. IPF - Broker

    Best Stock Broker for Day Trading

    When choosing an online broker, day traders place a premium on speed, reliability, and low cost.
  2. IPF - Broker

    Best Discount Brokers for 2018

    Cost-conscious traders look for brokers with very low fees. Bells and whistles, such as fancy charting or idea generation features? No thanks, just make trading cheap. Hand holding? Investing ...
  3. IPF - Broker

    Best Online Brokers for Options Trading 2018

    Options trading has become extremely popular with retail investors over the past 15 years. The key to this growth is that online brokers have greatly improved their education offerings around ...
  4. IPF - Broker

    Best Brokers for Roth IRAs in 2018

    If the kind of Individual Retirement Account you choose is a Roth, you've already made some important decisions.
  5. IPF - Broker

    Best Brokers for Beginning Traders 2018

    Investopedia's Best Brokers for Beginners is here! Find out which broker is the best to get you up-to-speed and ready to invest.
  6. Retirement

    5 Banks That Will Pay You to Roll Over a 401(k)

    Discover which five financial institutions will pay you a cash bonus or match when you roll over assets from an old 401(k) or qualified retirement plan.
  7. Retirement

    Should You Let Your 401(k) Be Managed by Vanguard?

    Find out if Vanguard's reputation and track record as a 401(k) plan provider is as stellar as its reputation and track record as a fund provider.
  8. 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.
  9. Investing

    Dollar-Cost Averaging: Keep Your Costs Even in Any Market

    Get the most out of your mutual fund by using this simple yet powerful strategy: dollar-cost averaging.
  10. Personal Finance

    What Is A Business Analyst And How Much Do They Make?

    Business Analysis has been a buzzword as a career option. Here is what business analysts do and how much they earn in salary and compensation.
RELATED FAQS
  1. How can I calculate capital employed from a company's balance sheet?

    The simplest presentation of capital employed is total assets minus current liabilities. Sometimes, it is equal to all current ... Read Answer >>
  2. How are mezzanine loans structured?

    Discover what a mezzanine loan is and how it is structured, along with reasons why companies consider this alternate form ... Read Answer >>
  3. Is a Simplified Employee Pension (SEP) IRA tax deductible?

    Learn everything you need to know about your SEP IRA, including the benefits to employers and whether or not a SEP IRA is ... Read Answer >>
  4. What is the Volume Price Trend Indicator (VPT) formula and how is it calculated?

    Understand the significance and usefulness of the volume price trend indicator and learn the formula for calculating the ... Read Answer >>
Trading Center