Friday, November 3, 2006

Telephone Book Great Britain

Euribor

The calculation and publication of the value of Euribor is performed every working day by Reuters according to the following process:

1. Every day is requested for each reference bank to provide its current interest rates no later than 10:45 am For this purpose, Reuters in your system generates a private page that only you can visit the bank and its staff to perform the calculation. From 10:45 am to 11:00 am (CET) banks have an opportunity to correct their contributions if necessary.
2. At 11:00 am (CET), Reuters calculates the new value of the Euribor, for which eliminates the top 15% and 15% lower interest rates collected and performed the arithmetic mean of other values . The result is rounded to the number 3 nearest decimal value of the average.
3. After calculating, Reuters published instantly Euribor reference rate on pages 248-249 of its Telerate system, available to all subscribers and agencies. At the same time are published interest rates used in the calculation, in order to maintain transparency.

The Euribor historical data can be gathered from the pages 47860-47866 (EURIBORRECAP01/EURIBORRECAP08) Reuters system for a period of one month, or available on the website of the Euribor

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