EuroCurrency markets Explained
Eurobond markets from the other article in this series refer to international bond releases that are made by countries.
However the Eurocurrency markets are an international market that is operated interbank, in the sector of borrowings and deposits for various currencies.
Thus this means that when a big corporate company for instance borrows funds, the rate that it will pay will be based on the Eurocurrency rate and an added margin for the credit risk.
These deposits tend to be quite large sums which is why they are the realm of large companies and for instance a minimum of around $1million dollars is usually in place.
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