Eurodollar Futures
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Eurodollar: Eurodollar refers to a U.S. dollar denominated deposit in a bank outside the U.S. and thus outside the jurisdiction of the Federal Reserve System.
Eurodollar Future: A Eurodollar Future is a future contract for a notional Eurodollar deposit amount, whose value at expiration is based upon the term relevant LIBOR rate on the expiration date.
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