
	Where results make sense

Topic: Eurodollars

	Eurodollar - Wikipedia, the free encyclopedia
		Eurodollars are deposits denominated in United States dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve.
		Eurodollars are time deposits denominated in United States dollars at banks headquartered outside the United States, or in foreign branches of banks headquartered within the United States.
		Eurodollar rates should not be confused with the currency called the euro, which is the common currency of some members of the European Union.
	en.wikipedia.org /wiki/Eurodollars (949 words)

	[No title] (Site not responding. Last check: 2007-11-04)
		The third alternative is to borrow Eurodollars in amounts and maturities to match the expected dollar payments by the Soviets, and invest the proceeds in long term Swiss corporate bonds or simply put, convert the Eurodollars to Swiss francs.
		The Eurodollar may be more stable than the Swiss franc, but if the company really wanted to borrow currency to hedge their risk and finance the deal, they should do so in the currency that they are trying to hedge against.
		By borrowing Eurodollars, MAG will be able to obtain foreign exchange protection while at the same time provide an average of $20 million needed during the construction process.
	www.bsu.edu /classes/benkhaled/Derivatives.bb_record (15264 words)

	[No title]
		Eurodollars may be broadly defined as dollar-denominated deposits in banks all over the world, excluding the United States.
		Eurodollars cannot expand indefinitely, there are checks on expansion: Public and private depositors may hold part of their Euordollar deposits as liquid reserve.
		Eurodollars are characterized by high volumes and well known borrowers and this reduces the costs of information gathering and credit analysis.
	www.blackwellpublishing.com /kim/Study-Guide/CH11sguide.doc (4930 words)

	Introduction to Trading Eurodollars
		A Eurodollar is a dollar denominated deposit held in a bank outside of the United States.
		Eurodollar expirations are in March, June, September and December.
		The price of a Eurodollar futures contract is equal to 100 minus the yield (interest rate) for the given future date.
	www.traderslog.com /trading-eurodollars.htm (267 words)

	Eurodollars/Eurodollar future
		Eurodollars are US dollars deposited in foreign banks by other banks, primarily in London and continental Europe.
		Eurodollar futures are the most actively traded futures contract in the world.
		In contrast, on its delivery date, a Eurodollar future is settled in cash based on a futures contract price of 100 -0.25R, where R is the quoted percentage LIBOR rate on a 90-day time deposit.
	www.in-the-money.com /glossarynet/Eurodoll.htm (201 words)

	Eurodollars - T2W Traderpedia
		Eurodollars are part of the Eurocurrency market where a Eurocurrency is one on deposit outside its country of origin.
		The leading Eurodollar contract is traded on the Chicago Mercantile Exchange (CME).
		A Eurodollar future is defined as (100-r), where r is the interest rate on a US dollar deposit overseas for 90 days, starting at the expiry of the future.
	www.trade2win.com /traderpedia/Eurodollars (152 words)

	Eurodollar
		Eurodollars are bank deposit liabilities denominated in U.S. dollars but not subject to U.S. banking regulations.
		Eurodollar deposits may be owned by individuals, corporations, or governments from anywhere in the world, with the exception that only non-U.S. residents can hold deposits at IBFs.
		Since the Eurodollar market is relatively free of regulation, banks in the Eurodollar market are able to operate on narrower margins or spreads between dollar borrowing and lending rates than can banks in the United States.
	www.eagletraders.com /neg_financial_instruments/eurodollar_o.htm (345 words)

	Eurodollar -- A complete definition
		A eurodollar is U.S. currency held in banks outside the U.S. (typically in Europe).
		Eurodollars are not the same thing as euros, the currency of the European Union.
		The eurodollar market is one of the world’s primary international capital markets, and companies use eurodollars to settle international transactions, invest excess cash, make short-term loans, and finance imports and exports.
	www.streetauthority.com /terms/e/eurodollar.asp (684 words)

	Money Market: Eurodollars
		The eurodollar market is relatively free of regulation; therefore, banks can operate on narrower margins than their counterparts in the United States.
		The average eurodollar deposit is very large (in the millions) and has a maturity of less than six months.
		A eurodollar CD is basically the same as a domestic CD, except that it's the liability of a non-U.S. bank.
	www.investopedia.com /university/moneymarket/moneymarket6.asp (293 words)

	STC Millennium Eurodollar Trading System
		Background: The Eurodollar is one of the worlds most actively traded interest rate futures markets and has tremendous amounts of volume and open interest.
		Eurodollars are dollar denominated deposits held outside the United States (most often in London banks).
		In order to accurately reflect this preference for the distant contracts our Eurodollar system was designed and tested using carefully constructed historical data that linked together the more distant contracts rather than the nearby contracts.
	www.traderclub.com /systems_millennium.htm (967 words)

	Zenith Trading & Holding Corporation (Site not responding. Last check: 2007-11-04)
		Eurodollars are a nemesis for us because they don't perform well on many of our systems.
		Some patience is needed in trading Eurodollars, as new factors have moved into the market that invalidate historical precedents.
		Eurodollars had an incredible run between 2001 and 2005, but an improving economy and rising inflation have pushed short-term rates higher.
	www.zenithtradehold.com /commod/ed.htm (691 words)

	CME to Add New Eurodollars on GLOBEX. (Site not responding. Last check: 2007-11-04)
		CME’s Eurodollar contract is the world’s leading short term interest rate futures instrument and tracks movements in short term interest rates paid on U.S. dollars deposited in foreign banks.
		CME lists Eurodollars on GLOBEX with expirations extending out 10 years, giving short term interest rate market users the widest array of expirations from which to choose.
		Open interest – or the number of positions not closed out at the end of the trading session – in Eurodollar futures also set a new record, passing the six million level for the first time.
	www.cme.com /about/press/cn/04-47EurodollarsonGlobex6501.html (571 words)

	Eurodollar
		By locating outside of the United States, eurodollars escape regulation by the Federal Reserve Board.
		Since the eurodollar market is relatively free of regulation, banks in the eurodollar market can operate on narrower margins than banks in the United States.
		Thus, the eurodollar market has expanded largely as a means of avoiding the regulatory costs involved in dollar-denominated financial intermediation.
	www.investopedia.com /terms/e/eurodollar.asp (305 words)

	Eurodollars and Sense
		It's us, the snooty savvy travelers who sneer at folks struggling to grasp lire as the train speeds out of Italy who are in for a come-uppance come the millennium.
		Eight coins, beginning with 1, 2, 5, 10, 20, and 50 units of a Eurodollar will be released.
		Travelers heading for any member nation during the transition may reasonably expect to use both the Eurodollar and the previous local currency for awhile.
	www.suite101.com /article.cfm/budget_travel/13107 (442 words)

	Eurodollars
		The result is that the ownership of five million U.S. dollars has passed from AAA to the London bank in exchange for a Eurodollar time deposit.
		The funds that form the basis for the Eurodollar market are provided by a wide range of depositors: large corporations (domestic, foreign, multinational), central banks and other government bodies, supranational institutions such as the Bank for International Settlements, and wealthy individuals.
		The going rate for call money closely tracks the overnight Eurodollar rate, which in turn is tied by active arbitrage to the U.S. Fed funds rate.
	wfhummel.cnchost.com /eurodollars.html (870 words)

	Great Pacific Trading Company How to Read Eurodollar Prices (Site not responding. Last check: 2007-11-04)
		Eurodollar Futures are traded on the Chicago Mercantile Exchange.
		The price of the Eurodollar is quoted in basis points.
		Please note that since Eurodollars are a yield based instrument with a duration of 90 days, we divide by 4 because one only recieves 1/4 of a years worth of interest (90/360 = 1/4, using the standard 360 day year for interest calculations).
	www.gptc.com /prices/eurodollar.html (152 words)

	Giddy: Cross-currency loan funding (Site not responding. Last check: 2007-11-04)
		West LB Bank in London is currently quoting 8% on 12-month Eurodollars deposits.
		It could do this in two ways: (1) Borrow directly in the Eurodollar market at 5.25 percent or (2) Borrow in the Eurocurrency (here, Euroyen) market and then swap it into dollars.
		Intuitively, the dollar is worth more French francs in the forward market, so the Eurodollar interest rate should be lower than the Euro-French franc interest rate.
	pages.stern.nyu.edu /~igiddy/cases/crosscurrency.htm (340 words)

	Uses: (Site not responding. Last check: 2007-11-04)
		Take for example the Eurodollar futures strip hedge we previously considered, where we hedged a $1,000,000 loan by selling a strip of futures with successive delivery dates in March, June and September of the next year.
		Say, while the March and June futures are sufficiently liquid to use, we don’t think the market is now offering adequate liquidity in the September contracts, but this market will be liquid enough later in March.
		Our hope would be that the second $1,000,000 of the June Eurodollars futures that we sell now would move in price similar to a sold position in $1,000,000 of September Eurodollar futures if we were to sell it now.
	www.in-the-money.com /presentation/sld042.htm (430 words)

	E Definitions: Campbell R. Harvey's Hypertextual Finance Glossary
		An agreement permitting a bank customer to borrow either domestic dollars from the bank's head office or Eurodollars from one of its foreign branches.
		In the interbank Eurodollar deposit market, an either-way market is one in which the bid and offered rates are identical.
		A Eurodollar is a Certificate of Deposit in U.S. dollars issued in some other country (though mainly traded in London).
	www.duke.edu /~charvey/Classes/wpg/bfglose.htm (8437 words)

	Mayan Majix - The Story About Oil You Need to Hear
		While Eurodollars sounds like plastic money used at EuroDisney, it actually refers to dollars being held in non-American banks (originally most dollars held overseas were in European banks, but "eurodollars" could just as easily be held in China).
		I for instance have some "eurodollars" since I live in Romania and have a few bucks in the local bank.
		Since these dollars are held overseas, they are referred to as Eurodollars, although once again they don't have to be in Europe.
	www.mayanmajix.com /art2213.html (2654 words)

	CME Eurodollar Futures and CME Eurodollar Options (Site not responding. Last check: 2007-11-04)
		A benchmark for investors globally, CME Eurodollar futures provide a valuable, cost-effective tool for hedging interest rate fluctuations on Eurodollars, which are U.S. dollars deposited in commercial banks outside the United States.
		Together, CME Eurodollar futures and options on futures lead the industry with open interest over 40 million and average daily volume of 3.0 million.
		Plus, with over 85% of CME Eurodollar futures trading electronically on the CME Globex platform, portfolio managers can hedge short term interest rate risk with a variety of trading strategies, like Butterflies, Packs and Bundles, around the clock from around the world.
	www.cme.com /trading/prd/overview_ED3087.html (344 words)

	Desert Beacon
		Eurodollars are U.S. dollar denominated deposits in banks outside the U.S. which are relatively free of regulation allowing banks to operate on narrower margins than their U.S. counterparts.
		[INVpedia] Eurodollars (not to be confused with the Euro) are traded by the Chicago Mercantile Exchange as a commodity, and the sale or purchase of Eurodollars is a bet on U.S. short term interest rates.
		Investment companies like Goldman Sachs have Eurodollar accounts like their Short Duration Government C (GSDCX) funds which have generated a steady increase since 2002.
	desertbeacon.blogspot.com (5285 words)

	[No title]
		You may want to softpedal the section on CDs and Eurodollars since the basics of bank accounting and money creation have yet to be covered and there is potential for confusion.
		Other items that may be skipped in a surveytype money and banking course include: yield on a discount basis, collateralized mortgage obligations, and perhaps even the entire section on the stock market.
		Selling Tbills and borrowing Eurodollars are close substitutes for a bank trying to raise funds.
	www.utdallas.edu /~chaf/fin6320/ques/im08.doc (1227 words)

	FSU Editorial: "M3b, Repos & Fed Watching" by Bart 04/25/2006 (Site not responding. Last check: 2007-11-04)
		After reading this little known press release a few weeks ago, I started to wonder… and the surprising result is that (except for the Eurodollars element of M3), the data is still available with which to reconstruct M3.
		The formula used has over five nines (.9999946 – 1.0 being perfect) correlation to the original data back going back to 1980, and is taken directly from the Federal Reserve’s definition of M3.
		There is only one missing element that is apparently no longer available (Eurodollars) and I've applied an adjustment to generate it.
	www.financialsense.com /fsu/editorials/2006/0425.html (1098 words)

	NEXT WEEK: TIME TO BATTEN DOWN THE HATCHES?!
		What we expected to happen last week did indeed occur as the Fed began including all British and Canadian Eurodollars (which is in essence using their reserves to increase our liquidity) in the M3.
		or more, on U.S. government and federal agency securities; and (4) Eurodollars held by U.S. addressees at foreign branches of U.S. banks worldwide and at all banking offices in the United Kingdom and Canada.
		As of about the year 2000, the M1 money supply was about 1.3 trillion dollars, the M2 was $5.4 trillion, and the M3 was $7.8 trillion.
	www.rumormillnews.com /cgi-bin/archive.cgi?read=57835 (933 words)

	Tariff on Imported Eurodollars: An Alternative RegD Perspective. \| Finance from AllBusiness.com (Site not responding. Last check: 2007-11-04)
		Regulation D (RegD) reserve on Eurodollar (E$) deposits in New York acts as a tariff on "imported" dollars, even though the reserve ratios are the same on both the E$ deposits and domestic deposits of the same maturity.
		But given the interest rate on E$ deposit in NY is higher than the domestic rate, the result is a higher effective cost for E$ in NY This article discusses effective Federal Reserve policy regarding this issue.
		Any freely convertible national currency that is acceptable as a medium of payment in international transactions is considered a viable candidate for international monetary exchange -- as the U.S. dollar is with its "Eurodollar (E$)" off-shore extension.
	www.allbusiness.com /finance/797775-1.html (888 words)

	Oil, Currency Warfare in Middle East - Mike Bagley
		The very same answer emanates from why this Administration seemed so intent on removing Saddam Hussein: the desperate desire to maintain U.S. economic supremacy.
		Economically, what is happening here is that support for oil traded in US Dollars, as opposed to Eurodollars, is falling off a cliff.
		Should the purchase and sale of oil move from trading in US Dollars to Eurodollas, it forces present and future US Administrations to significantly change its current tax, debt, trade, and energy policies, all of which are severely unbalanced.
	www.comlinks.com /guests/mb050811.htm (1166 words)

Try your search on: Qwika (all wikis)