Euribor future
Definition · Level 8 · Rates, FX & macro
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A contract on the three-month Euribor rate: €1 million notional, priced as 100 minus the rate, so one basis point is worth €25. Traded on ICE Futures Europe and on Eurex.
Example
97.40 means a 2.60% rate; a move to 97.52 gains 12 × €25 = €300 per contract.
Rules and market figures change: check the current ones before relying on this.
Where Tradecraft teaches it
Level 8 · Rates, FX & macro, in the lesson “The ECB, €STR and Euribor”: The ECB’s three rates, the overnight benchmark, the term rate and the futures that trade it.
Related terms
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- €STREuro short-term rate: the overnight unsecured rate euro-area banks pay to borrow wholesale, published by the European Central Bank (ECB) every…