What is the Euro Interbank Offered Rate (EURIBOR)?
How Does the Euro Interbank Offered Rate (EURIBOR) Work?
EURIBOR is sponsored by the European Banking Federation which represents some 5,000 banks and by the Financial Markets Association.
With the introduction of the Euro in 1999, European banks realized the need for a new interbank reference rate within the European Union. To answer this need, the EURIBOR was adopted as the benchmark rate for the large Euro money market.
EURIBOR is also the underlying rate for many derivatives, both over-the-counter and exchange-traded.
Why Does the Euro Interbank Offered Rate (EURIBOR) Matter?
EURIBOR supplies the foundation for some of the world's most liquid and active interest rate markets. This has become the benchmark for short term interest rates within the EU and their respective partner banks.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.
Read This Next
Question: I want to buy a house in five years, but I won't have quite enough for a 20% down payment by that time. What if I invested in stocks to make...Read More →
By their names, these options strategies sound intriguing. Iron Butterfly. Iron Condor. Most investors, regardless of skill level, probably don't what these options strategies are about, but they...Read More →