Finance Deals & Syndicated Lending · glossary
The day EURIBOR is fixed for an interest period: two TARGET Days before the period starts. So everyone knows the rate before the period begins. Definition: Quotation Day · Chapter 6
Explained in Chapter 6, Interest, Fees and the Cost of Money, of Finance Deals & Syndicated Lending.
Also explained in Derivatives.
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 period for which an interest rate is to be determined, two TARGET Days before the first day of that period;Read the definition in the document →
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