Euromarket

  The Euromarket is an international capital market which, until recently, was concerned mainly with raising debt rather than equity capital. The term 'Euro' is an historical one, denoting the issue of a security in a currency other than that of the country of residence of the issuer. The market's most important characteristic is that securities are sold internationally rather than within the confines of one particular country. The securities will also be sold largely outside the country of residence of the borrower. Debt securities issued in the Euromarkets are issued in bearer form - that is, investors do not have to be registered (as in the domestic US bond market) and ownership is evidenced by physical possession Interest is payable to the holder presenting the coupon to the paying agent for that particular issue, The coupon is detachable from the bearer note, This can be an advantage to investors who wish to retain anonymity.
  Eurobond issues pay interest gross and the effect of any withholding taxes would be borne by the issuer.
  Euromarket products Include:
  Fixed rate eurobonds
  Floating rate eurobonds
  Euronotes
  Eurocommercial paper
  Sterling commercial paper
  Negotiable certificates of deposit.

International financial encyclopaedia . 2014.

Look at other dictionaries:

  • euromarket — eu‧ro‧mar‧ket [ˈjʊərəʊˌmɑːkt ǁ ˈjʊroʊˌmɑːr ] noun [countable] FINANCE the buying and selling of currencies and bonds etc in currencies outside their countries of origin: • The currency euromarkets were kept active yesterday with South African… …   Financial and business terms

  • Euromarket — The market that includes all of the European Union member countries many of which use the same currency, the euro. All tariffs between Euromarket member countries have been abolished, and import duties from all non member countries have been… …   Investment dictionary

  • euromarket — 1) A market that emerged in the 1950s for financing international trade. Its principal participants are commercial banks, large companies, the central banks of members of the EU, and (from 1999) the European Central Bank. Its main business is in… …   Accounting dictionary

  • euromarket — 1) A market that emerged in the 1950s for financing international trade. Its principal participants are commercial banks, large companies, the central banks of members of the EU, and (from 1999) the European Central Bank. Its main business is in… …   Big dictionary of business and management

  • Euromarket — /yoor oh mahr kit, yerr , yoor euh mahr , yerr /, n. 1. Also, Euromart /yoor euh mahrt , yerr /. See Common Market (def. 1). 2. Finance. the money market in Eurocurrency or Eurobonds. [EURO + MARKET] * * * …   Universalium

  • Euromarket — n. European money market; financial transactions executed in a particular Eurocurrency …   English contemporary dictionary

  • Euromarket — noun 1》 a financial market which deals with Eurocurrencies. 2》 the European Union regarded as a single commercial or financial market …   English new terms dictionary

  • euromarket — eu·ro·market …   English syllables

  • Euromarket — Eu•ro•mar•ket [[t]ˈyʊər oʊˌmɑr kɪt, ˈyɜr [/t]] also Eu•ro•mart [[t] ˌmɑrt[/t]] n. gov European Economic Community • Etymology: 1960–65 …   From formal English to slang

  • Euromarket — / jυərəυmɑ:kɪt/ noun 1. the European Union seen as a potential market for sales 2. the eurocurrency market, the international market for lending or borrowing in eurocurrencies …   Dictionary of banking and finance

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