Euribor
The Euro Interbank Offered Rate is a daily reference rate, published by the European [Money Markets Institute], based on the averaged interest rates at which Eurozone banks borrow unsecured funds from counterparties in the euro wholesale money market. Prior to 2015, the rate was published by the European Banking Federation.
Domestic reference rates, like Paris's PIBOR, Frankfurt's FIBOR, and Helsinki's Helibor merged into Euribor on Economic and Monetary Union of the European Union#Stage Three: 1 [January 1999 and continuing|EMU] day on 1 January 1999.
Euribor should be distinguished from the less commonly used "Euro LIBOR" rates set in London by 16 major banks.
Fallback
The EU Benchmark Regulation requires entities that use a benchmark to have robust plans in place to manage the possibility of a benchmark undergoing substantial changes or ceasing to exist. Where feasible and appropriate, such plans should nominate one or more fallback rates.To facilitate the drafting of such plans for entities using Euribor® rates, the European Money Markets Institute has developed Efterm, a forward-looking fallback rate based on available market data related to Dealer-to-Dealer and Dealer-to-Client OIS Swaps and futures that reference the European Central Bank's Euro Short-Term Rate.
Panel banks
Current banks
| Country | Banks |
| Austria | Raiffeisen Bank International |
| Belgium | Belfius |
| Finland | OP Corporate Bank |
| France | BNP-Paribas |
| France | HSBC France |
| France | Natixis |
| France | Crédit Agricole |
| France | Société Générale |
| Greece | National Bank of Greece |
| Germany | Deutsche Bank |
| Germany | DZ Bank |
| Italy | Intesa Sanpaolo |
| Italy | UniCredit |
| Luxembourg | Banque et Caisse d'Épargne de l'État |
| Netherlands | ING Bank |
| Portugal | Caixa Geral de Depósitos |
| Spain | Banco Bilbao Vizcaya Argentaria |
| Spain | Banco Santander |
| Spain | |
| Spain | CaixaBank |
| UK | Barclays |
Euribor-based derivatives
Euribor futures
EUR Euribor futures are traded on Intercontinental Exchange and on Eurex.They were previously also traded on CurveGlobal, part of the London Stock Exchange Group, which has closed down operations in January 2022.