Eurocredit is a market for international loans, where the creditors are the biggest banks, and the debtors are international firms, corporations and even countries. The loans are provided in Eurocurrency for a long period of time. The funds are usually used for the development of long-term projects, and because of this, the repayment terms are quite long. Due to the fact that you do not have to pay fiscal payments to your country, interest rates are low. However, over the long term, interest rates have to be fixed and adjusted periodically.
You need to analyze the project before issuing a loan, because the amount is not small, sometimes it is hundreds of millions of dollars, assess the prospects, repayment period, various risks. Eurocredit is used by countries to make up for shortfalls in funds. In this case, the credit rating, conjuncture within the country, current credit obligations are analyzed. The main currencies are: euro, dollars, pounds sterling, yen.
Euro-credits, which are issued for a short term - up to a year, are also common here.