The Euribor (Euro Interbank Offered Rate) is based on the average interest rates at which a number of first-ranked European banks borrow funds from one another. It’s considered the money market benchmark, calculated for five maturities ranging from one week to one year.
The administrator of Euribor is the European Money Markets Institute (EMMI), or any successor thereof. It’s published daily at 11 a.m. Central European time, two business days prior to the commencement of the relevant interest period.
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