Eurocurrency


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Related to Eurocurrency: Eurocurrency market, Eurocurrency deposit

Eu·ro·cur·ren·cy

 (yo͝or′ō-kûr′ən-sē, -kŭr′-)
n. pl. Eu·ro·cur·ren·cies
Funds deposited in a bank when those funds are denominated in a currency differing from the bank's own domestic currency.

eurocurrency

(ˈjʊərəʊˌkʌrənsɪ)
n
(Banking & Finance) (sometimes capital)
a. the currency of any country held on deposit in Europe outside its home market: used as a source of short- or medium-term finance, esp in international trade, because of easy convertibility
b. (as modifier): the eurocurrency market.

Eu•ro•cur•ren•cy

(ˈyʊər oʊˌkɜr ən si, -ˌkʌr-, ˈyɜr-)

n., pl. -cies.
funds, esp. U.S. funds, deposited in a European bank and payable in the currency of that country.
[1965–70]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.Eurocurrency - currency of the major financial and industrial countries held in those countries for the purpose of lending and borrowing
currency - the metal or paper medium of exchange that is presently used
Eurodollar - a United States dollar deposited in a European bank and used as an international currency to finance trade
Translations

Eurocurrency

[ˈjʊərəʊˌkʌrənsɪ] Neurodivisa f

eurocurrency

nEuro-Währung f
References in periodicals archive ?
Raised in the Eurocurrency Loan Market, the general syndication, was signed on since May 12, while the lenders signed into the deal on May 30, as the facility marked the biggest ever of such facility by the bank.
Chang (1992), "Intra-Day Arbitrage Opportunities in Foreign Exchange and Eurocurrency Markets," Journal of Finance 47(1): 429-453.
The pricing of Syndicated Eurocurrency Credit, Federal Reserve Bank of New York Quarterly Review (Summer 1980)
For most attorneys, indeed for most people, the words Eurodollar or Eurocurrency probably bring to mind the transnational currency introduced in 1999 and currently used as the medium of exchange in eighteen European nations.
In addition, employment rates in the Eurocurrency area of Europe are still falling and are lower than the OECD average, as a whole.
dollar payment system, triggering systemic "dislocations in the international interbank sector of the Eurocurrency market" (Herring and Litan, 1995, p.
25%, and (ii) for Eurocurrency borrowings, the applicable LIBOR rate plus 3.
Further, the senior secured credit facilities consisted of a 5-year revolving credit facility of USD200m and a 5-year term loan facility of USD625million, each of which will carry a variable rate of interest based on either a base rate or the Eurocurrency rate plus, in each case, an applicable margin at the company's option.
Mean reversion of interest rates in the eurocurrency market, Oxford Bulletin of Economics and Statistics 63: 459-474.
7) Historically, CHIPS settled the vast majority of international dollar transactions, such as the dollar legs of foreign exchange transactions and eurocurrency loans.
Secondly, we want to see the eurocurrency as strong; we want to still be a part of the common currency space, even if there are some critics who say that it's not showing a good perspective for the future.