Eurodollar time deposits
E74440
Eurodollar time deposits are U.S. dollar-denominated interest-bearing deposits held in banks outside the United States, widely used in global money markets as a benchmark for short-term dollar funding rates.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| Eurodollar market | 1 |
Statements (44)
| Predicate | Object |
|---|---|
| instanceOf |
bank deposit
ⓘ
financial instrument ⓘ |
| currencyCode |
US dollar
ⓘ
surface form:
USD
|
| denominatedIn | U.S. dollars ⓘ |
| developedFrom | growth of offshore U.S. dollar holdings ⓘ |
| distinguishedFrom | domestic U.S. dollar time deposits ⓘ |
| earns | interest ⓘ |
| hasMaturityType | time deposit ⓘ |
| heldIn | banks outside the United States ⓘ |
| issuerType |
commercial banks
ⓘ
offshore banking units ⓘ |
| linkedBenchmarkHistorically |
3-month U.S. dollar LIBOR
ⓘ
surface form:
U.S. dollar LIBOR
|
| linkedBenchmarkTransition | risk-free rate benchmarks such as SOFR (indirectly via derivatives) ⓘ |
| marketRole |
reference for pricing Eurodollar derivatives
ⓘ
source of short-term U.S. dollar funding ⓘ |
| marketSegment | offshore U.S. dollar money market ⓘ |
| minimumSizeTypical | institutional-size deposits ⓘ |
| notRegulatedBy | U.S. banking regulators for deposit terms ⓘ |
| notSubjectTo |
U.S. Federal Reserve reserve requirements
ⓘ
U.S. domestic deposit insurance ⓘ |
| pricingDependsOn |
counterparty credit quality
ⓘ
market liquidity conditions ⓘ prevailing short-term U.S. dollar interest rates ⓘ |
| rateConvention | money market yield ⓘ |
| regulatoryJurisdiction | country where the bank is located ⓘ |
| relatedTo |
Eurodollar futures
ⓘ
Eurodollar time deposits self-linksurface differs ⓘ
surface form:
Eurodollar market
LIBOR ⓘ |
| riskType |
credit risk
ⓘ
interest rate risk ⓘ liquidity risk ⓘ |
| settlement | book-entry ⓘ |
| typicalCounterparties |
financial institutions
ⓘ
multinational corporations ⓘ sovereign entities ⓘ |
| typicalForm | large-denomination wholesale deposits ⓘ |
| typicalMaturitiesInclude |
1 month
ⓘ
12 months ⓘ 3 months ⓘ 6 months ⓘ |
| usedAs | benchmark for short-term dollar funding rates ⓘ |
| usedFor |
liquidity management by banks
ⓘ
short-term investment by institutional investors ⓘ |
| usedIn | global money markets ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Eurodollar market