European interbank off-talk rate (EURIBOR) is the interest rate for time deposits in euro, which are acted between banks. It replaced the FIBOR (Frankfurt interbank off-talk rate) as reference interest rate with credits and plant products since 30 December 1998.

Daily under it 11 German banks, offer sets (letter-corrode) announce Brussels time for in to twelve-monthly funds around 11:00 clock to an information supplier up to 57 banks, which publishes average rates determined and on Reuters (in former times Moneyline Telerate, before it Bridge Telerate page 248). To the calculation of interest the method actual/360 usual for money market business applies.

In the restaurant economics of the daily papers the EURIBOR is daily published. The published interest rate is on the one hand for short term credits basis for negotiation, on the other hand also for the plant of time deposits so mentioned important information, in order to be able to negotiate with the bank about the height of the time deposits interest surely. Banks lend euro money so mentioned for 1, 2, 3 to 6 months to EURIBOR plus impact (are usual between 0,5 and 2 per cent points impact).

See also

• LIBOR
• FIBOR
• EONIA

Related links

• the EURIBOR homepage (English)
• current interest rate as pdf document

Articles in category "European interbank off-talk rate"

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