Eurodollars are U.S. dollars held as deposits in foreign banks, mainly in Europe, and are commonly used to settle international transactions.
International Financial Reporting Standards (IFRS) are a set of accounting standards developed and maintained by the International Accounting Standards Board (IASB). They aim to provide a common global language for business affairs so that company accounts are understandable and comparable across international boundaries.
A Money Center Bank is one of the largest banks located in major financial hubs around the world, including cities like New York, Chicago, San Francisco, Los Angeles, London, Paris, and Tokyo. These banks wield significant national and international influence.
Finance professionals often use the Sterling Overnight Index Average (SONIA) as the benchmark interest rate for loans and financial contracts denominated in pounds sterling. Discover its definition, application, and influence on global finance.
