new European Currency unit, also called the Euro, was introduced on January 1, 1999. Euro CDs CDsissued by a U.S. bank branch or foreign bank located outside the U.S. Almost all Euro CDs are issued in London. Eurodollar obligations Certificates of deposit issued in U.S. dollars by foreign banks and foreign branches of U.S. banks. Euro lines Lines of credit granted by banks (foreign or foreign branches of U.S. banks) for Eurocurrencies. Euro straight A fixed-rate couponEurobond. Eurobank A bank that regularly accepts foreign currency-denominated deposits and makes foreign currency loans. Eurobond A bond that is (1) underwritten by an international syndicate, (2) issued simultaneously to investors in a number of countries, and (3) issued outside the jurisdiction of any single country. Eurobonds are often bearer bonds. Euroclear The Euroclear group is the world's largest settlement system for domestic and international securities transactions, covering both bonds and equities for financial institutions located in over 80 countries. Euro-commercial paper Short-termnotes with maturities up to 360 days that are issued by companies in international money markets. Eurocredit market Comprises banks that accept deposits and provide loans in large denominations and in a variety of currencies. The banks that constitute this market are the same banks that constitute the Eurocurrencymarket; the difference is that Eurocredit loans are longer-term than so-called Eurocurrency loans. Eurocredits Intermediate-termloans of Eurocurrencies made by banking syndicates to corporate and government borrowers. Eurocurrency Instrument issued outside your country, but denominated in your currency. A Eurodollar is a Certificate of Deposit in U.S. dollars issued in some other country (though mainly traded in London). A Euroyen is a CD issued in yen outside Japan. Eurocurrency deposit A short-term fixed-rate time depositdenominated in a currency other than the local currency (e.g., U.S. dollars deposited in a London bank). Eurocurrency market The money market for borrowing and lendingcurrencies that are held in the form of deposits in banks located outside the countries where the currencies are issued as legal tender. Eurodollar Refers to a certificate of deposit in U.S. dollars in a bank that is not located in the U.S. Most of the Eurodollar deposits are in London banks, but Eurodeposits may be anywhere other than the U.S. Similarly, a Euroyen or EuroDM deposit represents a CD in yen or DM outside Japan and Germany, respectively. Eurodollar bonds Eurobondsdenominated in U.S.dollars. Eurodollar certificate of deposit A certificate of deposit paying interest and principal in dollars, but issued by a bank outside the United States, usually in Europe. Euroequity issues Securities sold in the Euromarket. That is, securities initially sold to investors simultaneously in several national markets by an international syndicate. Related: External market. Euro-medium term note (Euro-MTN) A nonunderwrittenEuronoteissued directly to the market. Euro-MTNs are offered continuously rather than all at once as a bond issue is. Most Euro-MTN maturities are under five years. Euro.NM Created on March 1, 1996, Euro.NM is a pan- network of regulated markets dedicated to growth companies, regardless of their sector of activity or country of origin. Euro.NM member exchanges and their respective new markets consist of the Paris Stock