Eurocurrency market Definition

Eurocurrency market

Definition

The market where financial banking institutions provide banking services denominated in foreign currencies. They may accept deposits and provide loans. Unlike Eurocredit markets, however, loans in this market are made short-term.

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Related Terms

Euroyen -

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Nearby Terms

Euroclear
Eurocommercial paper
Eurocredit
Eurocredit market
Eurocurrency
Eurocurrency market
Eurodollar
Eurodollar bond
Eurodollar certificate of deposit
Eurodollar floating-rate certificate of deposit
Eurodollar market

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