Euribor refers to the average interest rates at which banks with first-class credit quality are prepared to lend one another euro funds on the unsecured interbank market at the specified maturities (in this case, three months). The Euribor rates are determined daily (except for weekends and TARGET closing days) by Reuters at a panel of banks and published at 11.00 CET.

Euribor serves as a reference value for banks in a variety of transactions (eg short-term lending, deposit products, interest rate products).