Finance Deals & Syndicated Lending · glossary
The euro interbank offered rate: what banks pay to borrow euros from each other. It is fixed for each interest period on the Quotation Day. Sunrise charges EURIBOR plus the margin, and treats EURIBOR below zero as zero. Definition: EURIBOR · Chapter 6
Explained in Chapter 6, Interest, Fees and the Cost of Money, of Finance Deals & Syndicated Lending.
EURIBOR, the euro interbank offered rate, measures what banks pay to borrow euros from each other. It is published every day for periods from one week to twelve months. The agreement takes the rate for the matching period on the Quotation Day, two TARGET Days (euro settlement days) before the interest period starts. So everyone knows the rate before the period begins, and the borrower can plan its cash.Read Chapter 6, Interest, Fees and the Cost of Money →
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in relation to any Loan, the euro interbank offered rate administered by the European Money Markets Institute for the relevant period, displayed on the appropriate screen page at 11.00 a.m. Brussels time on the Quotation Day, and if that rate is less than zero, EURIBOR shall be deemed to be zero;Read the definition in the document →
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