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How is 12 month EURIBOR defined in a legal contract?

• 12 month EURIBOR means the deposit rate in EUR that is determined for a period of 12 months, as displayed on a specified page of a service such as Reuters Screen EURIBOR01 page or a replacement or subsequent service, at 11:00 AM [local time] on the relevant business day for payment, as decided by the calculation agent. The rate also encompasses the timeframe from the beginning of one interest payment date to just before the next interest payment date. Seen in 1 SEC filing.

Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• 12 month EURIBOR means the annual Euro deposit rate displayed on a designated financial service at a determined time on the relevant business payment day.

Relevant Contract Types

• Loan Agreement
• Debt Financing Agreement
• Interest Rate Swap Agreement
• Asset Purchase Agreement

Relevant Circumstances

• When lenders and borrowers need to establish a reference rate for their loan agreements.
• When parties need to settle interest rate swaps contracts.
• When determining the purchase price in an asset purchase agreement linked to market interest rates.

Relevant Sectors

• Banking
• Finance
• Real Estate
• Investment Management

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