Glossary:EURIBOR

The EURIBOR® (or euro interbank offered rate) is the interest rate at which a prime bank (top international bank) is willing to lend funds in euro to another prime bank.

The EURIBOR®, a registered trademark of Euribor-EBF a.i.s.b.l., has been able to set itself up as a money market reference rate in the euro market which emerged after the euro’s introduction on 1 January 1999, due to

  • the creation of a large integrated market with a single currency;
  • an impressive panel of quoting banks of first-class credit standing;
  • a code of conduct setting out strict rules for the panel banks;
  • an independent steering committee of market experts, overseeing the application of the code and monitoring market developments.

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