EONIA: Difference between revisions
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This Euro OverNight Index Average (EONIA) is sponsored by the European | This Euro OverNight Index Average (EONIA) is sponsored by the European Money Markets Institute (EMMI) and calculated by the European Central Bank at 7.00 pm (CET) as a weighted average of all overnight unsecured lending transactions in the interbank market, and carried out before the closing of real-time gross settlement (RTGS) systems at 6.00 pm (CET). | ||
It is reported on an act/360 day count convention and (since 2007) is displayed to three decimal places. | It is reported on an act/360 day count convention and (since 2007) is displayed to three decimal places. | ||
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EONIA is widely used as a reference rate for derivatives transactions within the euro-zone. | EONIA is widely used as a reference rate for derivatives transactions within the euro-zone. | ||
''Distinguish from EURONIA which is sponsored and published by the Wholesale Market Brokers' Association in London.'' | |||
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* [[EURIBOR]] | * [[EURIBOR]] | ||
* [[EURONIA]] | * [[EURONIA]] | ||
* [[European Central Bank]] | |||
* [[European Money Markets Institute]] | |||
* [[Over night index average rate]] | * [[Over night index average rate]] | ||
* [[Overnight indexed swap]] | * [[Overnight indexed swap]] | ||
* [[Real-time gross settlement system]] | * [[Real-time gross settlement system]] | ||
Revision as of 12:22, 6 May 2017
This Euro OverNight Index Average (EONIA) is sponsored by the European Money Markets Institute (EMMI) and calculated by the European Central Bank at 7.00 pm (CET) as a weighted average of all overnight unsecured lending transactions in the interbank market, and carried out before the closing of real-time gross settlement (RTGS) systems at 6.00 pm (CET).
It is reported on an act/360 day count convention and (since 2007) is displayed to three decimal places.
EONIA is widely used as a reference rate for derivatives transactions within the euro-zone.
Distinguish from EURONIA which is sponsored and published by the Wholesale Market Brokers' Association in London.
