Euribor Rate

When speaking of the Euribor, it is usual to say The Euribor rate, as if there was a rate of Euribor. However this is not correct: in total there are 15 interest rate Euribor all with a different period. So know the Euribor 1, 2 and 3 weeks and 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 and 12 months. Euribor rates today to see a synopsis of all 15 charges.

Since when exists the Euribor?
The Euribor has existed since 1999, the year when the Euro was introduced. Before this season has also published a daily rate similar called Aibor. Beyond this rate, also existed in many countries local interest rates, such as PIBOR Fibor in France and Germany.

What determines the level of Euribor rates?
The level of interest rates Euribor is, first, of course determined by the volume of supply and demand. After all, this is a market rate of interest that is formed by a large number of different banks. However there are some external factors that influence a large extent the level of interest rate Euribor. One of these factors are economic circumstances such as economic growth and the level of inflation.

Why then with so much attention the Euribor?
The Euribor rate is considered the base rate for several products of interest rates (derivatives) such as interest rate futures, interest rate swap contracts and guarantees of taxes. The Euribor is also widely used as reference rate on mortgage loans and savings accounts. Until there are mortgages where the interest rate is composed of one and the Euribor rate plus a fixed surcharge.

What are the European banks that are part of the panel?
The panel of banks that determines the rates Euribor is composed of banks with a credit rating of very good. The choice of banks, which are required to provide their data to determine the Euribor, is controlled by a committee director of the Federation of European Banks.

Austria:
Erste Bank der Österreichischen Sparkassen
Raiffeisen Zentralbank Österreich AG

Belgium:
Dexia Bank
Fortis Bank
KBC

Finland:
Nordea

France:
BNP - Paribas
Crédit Agricole s.a.
Crédit Industriel et Commercial CIC
HSBC France
Natixis
Société Générale

Germany:
Bankgesellschaft Berlin
Bayerische Landesbank Girozentrale
Commerzbank
Deutsche Bank
Dresdner Bank
DZ Bank Deutsche Genossenschaftsbank
Landesbank Baden-Württemberg Girozentrale
Landesbank Hessen - Thüringen Girozentrale
Norddeutsche Landesbank Girozentrale
WestLB AG

Greece:
National Bank of Greece

Ireland:
AIB Group
Bank of Ireland

Italy:
Banca IntesaBci
Monte dei Paschi di Siena
UCI Milan

Luxembourg:
Banque et Caisse d'Épargne de l'État

Netherlands:
ABN Amro
ING Bank
Rabobank

Portugal:
Caixa Geral De Depósitos (CGD)

Spain:
Banco Bilbao Vizcaya Argentaria
Banco Santander Central Hispano
Confederacion Española de Cajas de Ahorros

Other EU Banks:
Barclays Capital
Den Danske Bank
Svenska Handelsbanken

International Banks:
Bank of Tokyo - Mitsubishi
Citibank
J.P. Morgan Chase & Co.
UBS (Luxembourg) S.A.

Taxa Euribor