€STR: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Mend link.) |
imported>Doug Williamson (Update for full implementation.) |
||
| Line 3: | Line 3: | ||
€STR is an acronym for Euro Short Term Rate. | €STR is an acronym for Euro Short Term Rate. | ||
It is administered by the European Central Bank (ECB), with formal publication | It is administered by the European Central Bank (ECB), with formal publication 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. | €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 | The ECB recommends that market participants replace EONIA with the €STR for all products and contracts, making €STR their standard reference rate. | ||
€STR is also sometimes written as 'ESTER'. | |||
€STR is also sometimes written as ' | |||
Revision as of 13:06, 29 January 2020
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 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 recommends that market participants replace EONIA with the €STR for all products and contracts, making €STR their standard reference rate.
€STR is also sometimes written as 'ESTER'.
See also
- Benchmark
- EONIA
- EURIBOR
- Euro area
- Euro LIBOR
- European Central Bank
- Fallback
- O/N
- Pre-€STR
- Reference rate
- RFR
- Risk-free rates
- SONIA
