€STR: Difference between revisions
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*[[EURIBOR]] | *[[EURIBOR]] | ||
*[[Euro area]] | *[[Euro area]] | ||
*[[Euro LIBOR]] | |||
*[[European Central Bank]] | *[[European Central Bank]] | ||
*[[Fallback]] | |||
*[[O/N]] | *[[O/N]] | ||
*[[Pre- | * [[Pre-€STER]] | ||
*[[Reference rate]] | *[[Reference rate]] | ||
*[[RFR]] | *[[RFR]] | ||
Revision as of 11:52, 18 August 2019
Interest rates - reference rates.
€STR is an acronym for Euro Short Term Rate.
It is administered by the European Central Bank (ECB), with formal publication scheduled from October 2019.
€STR is designed to reflect the wholesale euro unsecured overnight borrowing costs of euro area banks, and to complement existing benchmark rates produced by the private sector, serving as a backstop reference rate.
The ECB has recommended that market participants replace EONIA with the €STR for all products and contracts, making €STR their standard reference rate.
To assist transition, it is currently published as 'pre-€STR' in the period up to October 2019.
€STR is also sometimes written as 'ESTER', and similarly Pre-€STR is sometimes written as 'Pre-ESTER'.
See also
- Benchmark
- EONIA
- EURIBOR
- Euro area
- Euro LIBOR
- European Central Bank
- Fallback
- O/N
- Pre-€STER
- Reference rate
- RFR
- Risk-free rates
- SONIA
