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FAQs

 

What was the date of first quotation of USD Euribor®?
Where can I find current and historical USD Euribor® rates?
On which dates are the USD® Euribor rates quoted?
Under which market convention are USD Euribor® rates quoted?
What will happen in the case of non-availability of some of the USD Euribor® data from Panel Banks?
Who is the legal sponsor of USD Euribor® ?
What should I do if I want to use the USD Euribor® trademark in a product name?
Who should I contact in case I have other questions on USD Euribor®?
When was the USD Euribor index discontinued?

 

What was the date of first quotation of USD Euribor®?
The first USD Euribor® was first published on 2 April 2012 with a panel of 20 European and international banks, after a 9-month testing period. It was developed by Euribor-EBF (now EMMI) and the Euribor Steering Committee following a demand from the market to create a benchmark offering the market the best possible idea of the USD interbank market in Europe.

Where can I find current and historical USD Euribor® rates?
The calculation and publication of the rates is done by THOMSON REUTERS. Daily USD Euribor® rates can be found on THOMSON REUTERS: <USDEURIBOR01>. Historical data for USD Euribor® can be found on THOMSON REUTERS:
< USDEURIBOR07>/ <USDEURIBOR11>.
Non real-time daily and historical USD Euribor® data is also posted on this Website. Should you have further questions regarding the data, please contact THOMSON REUTERS in London (Fixings hotline number: tel. + 44-207-542-9230 - fax + 44-207-542-3294 – email ) or the EMMI Team.
 
On which dates are the USD® Euribor rates quoted?
The USD Euribor® follows a fixing calendar taking into account TARGET and US holidays, with specific contribution rules for Good Friday, Easter Monday, 1 May and 26 December. The USD Euribor calendar is available here.

Under which market convention are USD Euribor® rates quoted?

1) What is the applicable Business Day Convention?
All market participants should use the "Modified Following Business Day Convention", where if the maturity date of a USD Euribor® rate falls on a day that is not a "Business Day" the maturity date shall be in the first following day that is a Business Day, unless that day falls in the next calendar month, in which case the maturity date will be the first preceding day that is a Business Day.

2) Which is the market convention under which the USD Euribor® rates are quoted, i.e. what happens if a specific maturity falls on a non-business day?
USD Euribor is quoted on an act/360 day-count convention. If the maturity date of a trade falls on a non-business day, the maturity date shall be moved to the next business day.

3)  Are there any exceptions to the above rule?
The exception to this will be the “end-end” quotes or quotes for 1,2,3 ... months where the value date of the trade falls at month-end. If the corresponding maturity date falls on a non-business day, the maturity date will be brought back to the last business day of that month.
A “1 week” quote, or 2 and 3 weeks, will always be for a period of seven days or more (or 14 or 21 resp). If the maturity date falls on a non-business day, the maturity date should be moved to the next business day, regardless of what calendar month it falls in. Anything less than this should not be termed 1,2 or 3 weeks but becomes a “broken-dated short date” quote.

4) What is the current market convention used for quotes at the end of the month, i.e. is the USD Euribor® 1 month quote for 28 February intended for a M/M depo maturing on 28 March or on 31 March (assuming obviously they are business days)?
In line with 3) above the maturity date for this will be 31 March and not 28 March. 

What will happen in the case of non-availability of some of the USD Euribor® data from Panel Banks?
Under normal conditions, at least 50% of the Panel Banks must quote to establish USD Euribor®. In the highly unlikely event that less than 50% of Panel Banks are able to quote, THOMSON REUTERS will establish USD Euribor® as soon as it can collect quotes from at least 12 panel banks in at least 3 different countries. Please refer to the USD Euribor® Technical Features for further information.

Who is the legal sponsor of USD Euribor® ?
The sponsors of USD Euribor® are EMMI and Euribor® ACI. Both Euribor® EBF and Euribor® ACI are Belgian "international non-profit associations", established pursuant to the Act of October 25, 1919 concerning the "Granting of Legal Personality" to international associations with a scientific purpose (as amended).

What should I do if I want to use the USD Euribor® trademark in a product name?
USD Euribor® is a registered trademark of EMMI a.i.s.b.l. All rights reserved. All uses of this name must indicate that the index is a registered trademark. A licensing Agreement with EMMI is mandatory for all commercial use of the registered trademark.

Who should I contact in case I have other questions on USD Euribor®?
Please e-mail your questions to EMMI Team.

When was the USD Euribor index discontinued?
The USD Euribor index has been discontinued as of 1 September 2013.