Financial intermediaries that operate within the Eurocurrency market, facilitating international lending and borrowing transactions in currencies outside their domestic banking regulations.
Eurodollars are U.S. dollars held as deposits in foreign banks, mainly in Europe, and are commonly used to settle international transactions.
Eurodollars refer to U.S. dollars deposited in financial institutions outside the United States. The eurodollar market originated in London in the late 1950s, driven by the growing demand for dollars to finance international trade and investment.
An International Banking Facility (IBF) is a banking service that allows U.S. banks to offer international banking services without being subject to certain domestic regulations. This facilitates eurocurrency lending activities and provides advantages akin to offshore banking.
A tax haven is a country or jurisdiction with very low 'effective' rates of taxation for foreign investors. It may also refer to those providing the services.
