Eurodollar base rate

Eurodollar base rate
USA
Eurodollar rate, Also known as the LIBOR rate or Eurodollar base rate.
Used to calculate the adjusted Eurodollar rate. Determined by what is shown on the Reuters Screen LIBOR 01 Page or, if not available, the rate at which US dollar deposits are offered to the major banks in the interbank eurodollar market.
For more information on Eurodollar Rate/LIBOR, see Standard Clauses, Loan Agreement: Borrowing Mechanics (www.practicallaw.com/3-383-6717).
For links to loan agreement Eurodollar Rate/LIBOR provisions, see Practice Note, What's Market: Eurodollar Rate/LIBOR Interest Rate Provisions (www.practicallaw.com/8-385-8146).
Related terms

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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