Guide to Analysing Companies

Euro conversion rates
Currency
€1 

Austrian schilling
13.7603
Belgian franc
40.3399
Finnish markka
5.94573
French franc
6.55957
D-mark
1.95583
Greek drachma
340.750
Irish punt
0.787564
Italian lira
1936.27
Luxembourg franc
40.3399
Netherlands guilder
2.20371
Portuguese escudo
200.482
Spanish peseta
166.386
E
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EURO
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Eurobond
A bond issued by a company, government or supranational or-
ganisation with two peculiar characteristics:
 it is issued in a market other than that of its currency of
denomination;
 the banks or investment houses that issue it sell it
internationally, not just in the domestic market.
Thus if Germany’s Deutsche Bank were to issue a dollar-
denominated bond for France’s Alcatel and sell it around the
world, it would be a Eurobond. If it were to sell the bond only
in Germany, it would be a foreign bond. Eurobonds are peculiar
in having no home base whose government could support them
should the market collapse.
Euroclear
Europe’s largest clearing and settlement system for shares
and bonds. In 2002 Euroclear merged with crest, the
london stock exchange’s former settlement system, to
form a pan-European service for institutional and retail in-
vestors alike.
Eurocommercial paper
commercial paper which is issued by a company in a
eurocurrency, that is, in a currency other than the one
where the company is domiciled or has its principal base. (See
commercial paper.)
Eurocredit
A loan denominated in the currency of one country but made
to a company or other borrower in another country. This would