Euro Interbank Offered Rate
Tue, Apr 15The Euro Interbank Offered Rate (Euribor) is the benchmark for euro-denominated forwards and futures. It serves as the reference rate at which banks can lend euro-denominated funds to one another.
With the establishment of the European Monetary Union, domestic rates such as euro-PIBOR and euro-FIBOR were consolidated, resulting in one of the most liquid interbank interest rate markets while maintaining the existing structure as much as possible.
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