This article is about the time deposits. For the currency of the European Union, see Euro.
Eurodollars are U.S. dollars held in time deposit accounts in banks outside the United States, which are not subject to the legal jurisdiction of the U.S. Federal Reserve. Consequently, such deposits are subject to much less regulation than deposits within the U.S.[citation needed] The term was originally applied to U.S. dollar accounts held in banks situated in Europe, but it expanded over the years to cover US dollar accounts held anywhere outside the U.S. Thus, a U.S. dollar-denominated deposit in Tokyo or Beijing would likewise be deemed a Eurodollar deposit (sometimes an Asiadollar). The offshore locations of the Eurodollar make it exposed to potential country risk and economic risk.[1]
There is no connection with the euro currency of the European Union. More generally, the euro- prefix can be used to indicate any currency held in a country where it is not the official currency, broadly termed "eurocurrency", for example, Euroyen or even Euroeuro.
^Chen, James. "Eurodollar Definition". Investopedia. Retrieved 23 October 2020.
Eurodollars are U.S. dollars held in time deposit accounts in banks outside the United States, which are not subject to the legal jurisdiction of the...
Eurocurrency is closely tied to the origins of the Eurodollar as it was the first type of Eurocurrency. Eurodollars began from large quantities of US dollar-denominated...
derivative. Examples include Treasury-bill futures, Treasury-bond futures and Eurodollar futures. As of 2019[update], the global market for exchange-traded interest...
lognormal distribution. This problem arises in swaps and Eurodollar strips (baskets of Eurodollar options) but in equities and fixed income it is mitigated...
dominant economy, its military, the petrodollar system, and its linked eurodollar and large U.S. treasuries market. Several countries use it as their official...
private individuals hold U.S. dollars in foreign deposit accounts called eurodollars (not to be confused with the euro), which are outside the jurisdiction...
are currency futures and interest rate futures, specifically, 3-month Eurodollar time deposits and 90-day U.S. Treasury bills. The other two CME divisions...
small denomination time deposits (certificates of deposit of under $100,000). M3 M2 + all other CDs, deposits of eurodollars and repurchase agreements....
in the 1970s as a reference interest rate for transactions in offshore Eurodollar markets. In 1984, it became apparent that an increasing number of banks...
issued by company at discount to face value and redeemed at face value Eurodollar deposit – Deposits made in U.S. dollars at a bank or bank branch located...
the inofficial director. A key development was the introduction of the Eurodollar by which the mafia could transfer money from the US via the Bahamas to...
rate swap. The interest rate swap market in USD is closely linked to the Eurodollar futures market which trades among others at the Chicago Mercantile Exchange...
TED is an acronym formed from T-Bill and ED, the ticker symbol for the Eurodollar futures contract. Initially, the TED spread was the difference between...
for sweep investments are often either money funds, "eurodollar sweeps", or "repo sweeps". Eurodollar sweeps are legal transfers of funds to the bank's offshore...
etymological origin as the German thaler). Money portal Numismatics portal Eurodollar List of circulating currencies North American currency union Amero Petrodollar...
dictionary. TED may refer to: TED spread between U.S. Treasuries and Eurodollar Türk Eğitim Derneği, the Turkish Education Association TED Ankara College...
Trade. Morgan Stanley employees improperly executed fictitious sales in Eurodollar and Treasury Note futures contracts. On August 7, 2012, it was announced...
as the reference standard for the petrodollar system, and its linked eurodollar. Several countries use it as their official currency and in others it...
when it does not yet exist—for example on crops before the harvest or on Eurodollar Futures or Federal funds rate futures (in which the supposed underlying...
Currency controls enacted post World War II led to the creation of the Eurodollar market and the rise in offshore financial centres (OFCs). Many of these...
Car Rental, Spirit Rent-A-Car, Value Rent-A-Car, Snappy Car Rental, and EuroDollar Rent A Car. Huizenga had Republic start consolidating operations between...
important role in the development of new financial products such as the Eurodollar and Eurobonds in the 1960s, international asset management and international...
which eventually had formed into the European Union and initiated the Eurodollar. This was rejected by the Divisional Court and attracted large amounts...
the same period. In the United States, the spread is based on the LIBOR Eurodollar rate and the Federal Reserve's Fed Funds rate. LIBOR is risky in the sense...
thus encouraging them to keep their capital offshore. They highlight the Eurodollar capital market as particularly important. However, as OFCs developed in...
denominated in a currency that is foreign to the entity issuing the bonds. Eurodollar bond, a U.S. dollar-denominated bond issued by a non-U.S. entity outside...
Global Information