Page 62 - PRIAA Glossary

EURIBOR®
The Euro Interbank Offered Rate (Euribor) is a daily reference rate based on the averaged interest rates at which eurozone banks offer to lend unsecured funds to other banks in the Euro wholesale money market or interbank market. The contributors to Euribor are the banks with the highest volume of business in the eurozone money markets. There are different maturities, ranging from one week to one year.
EUROBOND
An international bond that is issued in a currency other than the currency of the country in which it is issued. Eurobonds are named after the currency they are denominated in. For example, Euroyen and Eurodollar bonds are denominated in Japanese yen and American dollars respectively. Eurobonds are smart financing tools as they give issuers the flexibility to choose the country in which to offer their bond in accordance with the country’s regulatory constraints.
EUROPEAN FEDERATION OF ENERGY TRADERS (EFET)
A group of 84 member companies from across Europe dedicated to improving the energy trading processes and development of an open and sustainable wholesale energy trading market in Europe. It is involved in the elaboration and education of energy regulations and the development of contract and data exchange standards.
EUROPEAN FINANCIAL STABILITY FACILITY (EFSF)
Registered company owned by the Euro Area member states. It has the mandate to safeguard the financial stability in Europe. EFSF can provide financial assistance to the Euro area member states by issuing bonds and debt instruments.
EUROPEAN MARKET INFRASTRUCTURE REGULATION (EMIR)
Regulation of the European Parliament and Council on over-the-counter (OTC) derivatives, central counterparties and trade repositories. The regulation introduces requirements for OTC derivatives transactions which meet the eligibility criteria to be cleared through central counterparties and all OTC derivatives transactions to be reported to trade repositories.
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