Pre-ESTER: Difference between revisions

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''Interest rates - reference rates.''
Interest rates - reference rates.


ESTER is an acronym for Euro Short TErm Rate.
ESTER is an acronym for Euro Short TErm Rate, whose formal publication began on 2 October 2019.


ESTER is designed to reflect the wholesale euro unsecured overnight borrowing costs of euro area banks. It is administered by the European Central Bank (ECB), with formal publication scheduled from October 2019.


Before ESTER's formal publication, the European Central Bank (ECB) published preliminary figures, referred to as 'pre-ESTER' for the period up to 1 October 2019.


The ECB publishes preliminary figures, referred to as the 'pre-ESTER' in the period up to October 2019.
Pre-ESTER's aim was to reduce market uncertainty, allow market participants to assess the new rate and its statistical properties, and provide an opportunity to adjust processes and procedures to ensure transition to ESTER.


The pre-ESTER aims to reduce market uncertainty, allow market participants to assess the suitability of the new rate and familiarise themselves with its statistical properties, and provide an opportunity to adjust processes and procedures adequately to ensure a seamless transition to the new rate.


 
Pre-ESTER was also sometimes written as 'Pre-€STR', and ESTER is similarly sometimes written as '€STR'.
ESTER is also sometimes written as €STR, using the € symbol.




==See also==  
==See also==  
* [[Benchmark]]
* [[Benchmark]]
* [[ESTER]]
* [[Benchmarks Regulation]]
* [[€STR]]
* [[European Central Bank]]
* [[European Central Bank]]
* [[O/N]]
* [[O/N]]
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* [[SONIA]]
* [[SONIA]]


==Other links==
 
* [https://www.ecb.europa.eu/paym/initiatives/interest_rate_benchmarks/shared/pdf/ecb.Pre-ESTER.en.pdf ECB Pre-ESTER]
==Other resource==
* [https://www.ecb.europa.eu/paym/initiatives/interest_rate_benchmarks/shared/pdf/ecb.Pre-ESTER.en.pdf ECB Pre-€STR]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]
[[Category:Financial_products_and_markets]]

Latest revision as of 19:11, 3 March 2025

Interest rates - reference rates.

ESTER is an acronym for Euro Short TErm Rate, whose formal publication began on 2 October 2019.


Before ESTER's formal publication, the European Central Bank (ECB) published preliminary figures, referred to as 'pre-ESTER' for the period up to 1 October 2019.

Pre-ESTER's aim was to reduce market uncertainty, allow market participants to assess the new rate and its statistical properties, and provide an opportunity to adjust processes and procedures to ensure transition to ESTER.


Pre-ESTER was also sometimes written as 'Pre-€STR', and ESTER is similarly sometimes written as '€STR'.


See also


Other resource

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