Another reason for the rise in eurocurrency business and for its ability to operate at smaller interest-rate differentials relates to taxation .

欧洲货币业务的增长及其能按较小的利率差额经营业务的另一个原因与税收有关。

" The eurocurrency market is a financial intermediation market . In other words , deposits are accepted by banks , funds are commingled before being reloaned , "

欧洲货币市场是一个金融中介市场。换句话说，是由银行来接受存款、汇集资金，再重新放贷。

The eurocurrency market lacked formal supervision and a lender of last resort .

境外通货市场缺乏监督机制,成为借款人之避风港。

Multinational bank 's services include issuing letter of credit , buying and selling foreign exchange , issuing banker 's acceptances , accepting eurocurrency deposits , making eurocurrency loans , and assisting in the marketing of eurobonds .

跨国银行提供的服务包括开立信用证,买卖外汇,开证行承兑,接受欧洲货币储存,提供欧洲货币贷款以及发行推销欧洲货币债券.

The euromarkets are international money and capital markets , they are concerned with eurocurrencies , that is , currencies traded in europe ( and elsewhere ) outside their home countries . The most important eurocurrency is the eurodollar .

欧洲市场是国际货币与资本市场，从事与欧洲货币有关的业务，欧洲货币即在货币发行国境外的欧洲（及其他地方）进行交易的货币，最重要的欧洲货币是欧洲美元。