Search Elements:
- Taxonomy
- us-gaap
- Name
- EurodollarFutureMember
- Label
- Eurodollar Future [Member]
- Period Type
- duration
- Type
- dtr-types:domainItemType
- Definition
- A standardized contract, traded on a futures exchange, to buy or sell a 90-day Eurodollar time deposit at a certain date in the future, at a certain yield. At expiration, the official rate quoted on a 90-day Eurodollar time deposit by the British Bankers Association (BBA) determines the final settlement. Eurodollar futures contracts do not permit actual delivery of a Eurodollar time deposit; rather they settle in cash.
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