Euribor
The Euro Interbank Offered Rate (Euribor) is a daily
Scope
Euribors are used as a reference rate for euro-denominated
Domestic reference rates, like Paris' PIBOR, Frankfurt's FIBOR, and Helsinki's Helibor merged into Euribor on EMU day on 1 January 1999.
Euribor should be distinguished from the less commonly used "Euro LIBOR" rates set in London by 16 major banks.[3]
Technical features
- Official reference: EURIBOR Technical features
A representative panel of banks provide daily quotes of the rate, rounded to two decimal places, that each Panel Bank believes one prime bank is quoting to another prime bank for interbank term deposits within the Euro zone, for maturity ranging from one week to one year. Every Panel Bank is required to directly input its data no later than 11:00 a.m. (
Panel banks
Current banks
Country | Banks[4] |
---|---|
Austria | Raiffeisen Bank International |
Belgium | Belfius |
France | BNP-Paribas
|
France | HSBC France
|
France | Natixis
|
France | Crédit Agricole |
France | Société Générale |
Germany | Deutsche Bank |
Germany | DZ Bank |
Italy | Intesa Sanpaolo |
Italy | UniCredit |
Luxembourg | Banque et Caisse d'Épargne de l'État |
Netherlands | ING Bank
|
Portugal | Caixa Geral de Depósitos (CGD) |
Spain | Banco Bilbao Vizcaya Argentaria |
Spain | Banco Santander |
Spain | CECABANK |
Spain | CaixaBank |
UK | Barclays |
Former banks
Country | Banks | Date of exit |
---|---|---|
Greece | National Bank of Greece | 28 May 2019 |
Italy | Banco BPM | 7 January 2019 |
UK | JP Morgan International - London
|
16 September 2016 |
Japan | The Bank of Tokyo Mitsubishi | 1 July 2016 |
Finland | Pohjola Bank
|
13 May 2016 |
Finland | Nordea | 18 December 2015 |
Denmark | Danske Bank | 14 May 2015 |
Germany | Commerzbank | 1 October 2014 |
France | La Banque Postale
|
11 April 2014 |
Belgium | KBC Bank
|
1 April 2014 |
France | Crédit Industriel et Commercial | 31 March 2014 |
Italy | UBI Banca | 10 March 2014 |
Ireland | Bank of Ireland | 15 February 2014 |
Austria | Erste Group | 11 October 2013 |
Germany | Norddeutsche Landesbank Girozentrale
|
29 June 2013 |
Ireland | Allied Irish Bank
|
29 June 2013 |
Germany | Landesbank Hessen-Thüringen Girozentrale | 1 June 2013 |
Germany | Landesbank Baden-Württemberg | 1 June 2013 |
Germany | LandesBank Berlin | 1 May 2013 |
Germany | UBS | 28 March 2013 |
Sweden | Handelsbanken | 20 March 2013 |
Netherlands | Rabobank | 3 January 2013 |
Germany | BayernLB
|
1 January 2013 |
Germany | Deka Bank
|
30 November 2012 |
USA | Citibank | 21 September 2012 |
Euribor-based derivatives
Euribor futures
EUR Euribor futures are traded on
They were previously also traded on CurveGlobal, part of the London Stock Exchange Group,[7] which has closed down operations in January 2022.
Interest rate swaps
€STR
The other widely used reference rate in the euro-zone is €STR, published by the European Central Bank.
See also
- €STR
- EONIA
- Euro
- European Banking Federation
- Federal funds rate
- LIBOR
- TONAR
- Prime rate
- ROBID
- SARON
- SONIA
References
- ^ "Home | The European Money Markets Institute (EMMI)".
- ^ ""Euribor-EBF becomes EMMI", Retrieved 4 Feb 2017". Archived from the original on 5 February 2017. Retrieved 5 February 2017.
- ^ "Euro LIBOR", Investopedia
- ^ "Euribor® Panel Banks | the European Money Markets Institute (EMMI)".
- ^ "Three Month Euribor Futures". Retrieved 22 December 2019.
- ^ "Three-Month EURIBOR Futures (FEU3)". Archived from the original on 22 December 2019. Retrieved 22 December 2019.
- ^ "Our product offering". Archived from the original on 22 December 2019. Retrieved 22 December 2019.
External links
- European Central Bank
- Euribor homepage
- Euribor historical data (informative)
- Euribor Rate, Daily Update (Bank of Finland)
- Euribor homepage (informative historical data can also be found here)
- Euribor Today