This market, together with the European currency bond market, is called the European capital market. The credit term of this market is above 1 year. The fundraisers of this market are mainly private or state-owned enterprises, social groups, governments and international institutions all over the world. Most of the funds come from short-term deposits and a small part from long-term deposits. The loan amount in this market exceeds US$ 6,543.8 billion, and it is often syndicated by banks from several different countries. The loan is led by one or several reputable big banks, that is, syndicated loans. Because this kind of loan has a long term, both borrowers and borrowers are unwilling to bear the risk of interest rate changes. Therefore, the interest rates of such loans are mostly floating, and are adjusted every three months or half a year according to the changes in market interest rates. The interest rate is generally based on the London Interbank Offered Rate (LIBOR), and then according to the loan amount, term and the borrower's credit standing, plus additional interest of different ranges (generally 0.25 ‰-0.5 ‰). Due to the large and long-term credit line, both borrowers and borrowers need to sign contracts, and some contracts need to be guaranteed by the borrower's official institutions or government.

The long-term credit market business of Eurocurrency also has four characteristics:

(1) has a long term and a large amount, usually 1~3 years, some of which are 5 years or longer, and the longest can reach more than l0 years;

(2) Syndicated loan is the main way to diversify the risk of providing medium and long-term loans;

(3) Attractive, convenient for both borrowers and borrowers, so attractive;

(4) A loan agreement must be signed, and some agreements must be guaranteed by the government. The agreement mainly includes currency, term, quantity, interest rate, currency option terms, breach of contract and guarantee terms.