What Is a Eurocredit?
Bank credit activities in the European money market targeting European currencies. European currencies refer to various currencies that circulate, deposit, loan and invest outside the country of origin.
Credit Europe
Right!
- Chinese name
- Credit Europe
- On behalf of that
- Bank credit activities targeting European currencies
- Meaning
- Refers to circulation outside the country of origin
- Types of
- Credit
- Bank credit activities in the European money market targeting European currencies. European currencies refer to various currencies that circulate, deposit, loan and invest outside the country of origin.
- European credit is divided into two types: short-term borrowing and medium-term credit. Short-term loans are mostly 1 to 7 days or 1 to 3 months, with one year being less. Generally without signing a contract, it is carried out directly by telephone and telex. With credit transactions, there is no need to pay collateral. Interest rates are generally lower than the preferential lending rates of commercial banks in various countries for large domestic customers. Medium-term credit is generally more than one year, mostly ranging from 1 to 3 years, 5 years, 7 years, and 10 years. European credit providers are mainly multinational companies, commercial banks, central banks of various countries, the Bank for International Settlements and other official institutions. Fund users include government agencies, multinational corporations, commercial banks, importers and exporters, securities brokers and speculators.
- European credit has the following characteristics: the funds come from all over the world, the amount is extremely large, and can meet a variety of financing needs; flexible borrowing conditions, unlimited loan uses; simple deposit and loan procedures, rapid funding arrangements; unique interest rate structure, deposit interest Relatively high, lending rates are relatively low, and spreads are small.