The Eurocurrency market allows for more convenient borrowing, which improves the international flow of capital for trade between countries and companies.
For example, a Japanese company borrowing U.S. dollars from a bank in France is using the Eurocurrency market.
Investment dictionary. Academic. 2012.
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Eurocurrency market — The money market for borrowing and lending currencies that are held in the form of deposits in banks located outside the countries of the currencies issued as legal tender. The New York Times Financial Glossary The money market for borrowing and… … Financial and business terms
Eurocurrency — instrument issued outside your country, but denominated in your currency. A Eurodollar is a certificate of deposit in U.S. dollars issued in some other country (though mainly traded in London). A Euroyen is a CD issued in yen outside Japan.… … Financial and business terms
eurocurrency — A foreign currency deposit at a bank located outside the country where the currency is issued as a legal tender. For example, dollars deposited in a bank in Switzerland are eurodollars, yen deposited at a US bank are euroyen, etc. The deposit… … Accounting dictionary
eurocurrency — A foreign currency deposit at a bank located outside the country where the currency is issued as a legal tender. For example, dollars deposited in a bank in Switzerland are eurodollars, yen deposited at a US bank are euroyen, etc. The deposit… … Big dictionary of business and management
Eurocurrency — / jυərəυkʌrənsi/ noun any currency used for trade within Europe but outside its country of origin, the eurodollar being the most important ● a Eurocurrency loan ● the Eurocurrency market … Dictionary of banking and finance
Eurocurrency — Currency deposited by national governments or corporations in banks outside their home market. This applies to any currency and to banks in any country. For example, South Korean won deposited at a bank in South Africa, is considered eurocurrency … Investment dictionary
Eurocredit market — Comprises banks that accept deposits and provide loans in large denominations and in a variety of currencies. The banks that constitute this market are the same banks that constitute the Eurocurrency market; the difference is that Eurocredit… … Financial and business terms
Foreign currency denominated account — Eurocurrency is the term used to describe deposits residing in banks that are located outside the borders of the country that issues the currency the deposit is denominated in. For example a deposit denominated in US dollars residing in a… … Wikipedia
Евровалютный рынок — (EUROCURRENCY MARKET) рынок активов, где банки принимают депозиты и выдают ссуды в валютах разных стран, но вне пределов страны эмитента … Современные деньги и банковское дело: глоссарий
Revolving Underwriting Facility - RUF — A form of revolving credit in which a group of underwriters agrees to provide loans in the event that a borrower is unable to sell in the Eurocurrency market. These loans are generally provided through the purchase of short term Euronotes. A… … Investment dictionary