【学习笔记】International Finance 国际金融论研究 学习笔记-41

Part II

International Financial Markets -4

Ch11 -4

InternationalMoney Market

Eurocredits

        1.     Eurocredits are short- to medium-term loans of Eurocurrency.

        2.     The loans are denominated in currencies other than thehome currency of the Eurobank.

        3.     Often the loans are too large for one bank to underwrite;a number of banks form a syndicate to share the risk of the loan.

        4.     Eurocredits feature an adjustable rate.

        On Eurocredits originating in London the base rate is LIBOR.