Euro-Commercial Paper (ECP) is a type of short-term unsecured promissory note issued in a eurocurrency. Primarily centered in the London market, ECP offers a swift method for obtaining same-day funds, often used for cross-border financial transactions like those between Europe and New York.
A Eurobond is a type of bond issued in a eurocurrency, and it plays a significant role in the international finance market by allowing issuers to raise capital efficiently across borders.
A currency deposited in a bank outside its country of issue, providing a cheap and convenient form of liquidity for international trade and investment.
Eurodollars refer to U.S. dollars deposited in financial institutions outside the United States. The eurodollar market originated in London in the late 1950s, driven by the growing demand for dollars to finance international trade and investment.
An International Banking Facility (IBF) is a banking service that allows U.S. banks to offer international banking services without being subject to certain domestic regulations. This facilitates eurocurrency lending activities and provides advantages akin to offshore banking.
A financial instrument issued in a eurocurrency with a maturity period typically ranging from three to six years. These notes can be either unsecured or asset-backed.
