€STR: Difference between revisions

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€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 scheduled from October 2019.
It is administered by the European Central Bank (ECB), with formal publication from October 2019.




ESTER 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 - or fallback - reference rate or primary reference rate.


The ECB recommend that market participants gradually replace EONIA with the €STR for all products and contracts, making the €STR their standard reference rate.


 
€STR is also sometimes written as 'ESTER' or 'ESTR'.
To assist transition, it is currently published as 'pre-ESTER' in the period up to October 2019.
 
 
€STR is also sometimes written as ESTER.




==See also==
==See also==
*[[Backstop]]
*[[Benchmark]]
*[[Benchmark]]
* [[EONIA]]
*[[EONIA]]
*[[EURIBOR]]
*[[Euro area]]
*[[Euro area]]
*[[Euro LIBOR]]
*[[European Central Bank]]
*[[European Central Bank]]
* [[€STR average rates]]
*[[Fallback]]
*[[O/N]]
*[[O/N]]
* [[Pre-€STR]]
*[[Reference rate]]
*[[Reference rate]]
*[[RFR]]
*[[RFR]]
*[[Risk-free rates]]
*[[Risk-free rates]]
*[[SONIA]]
*[[SONIA]]
==External link==
*[https://www.ecb.europa.eu/paym/initiatives/interest_rate_benchmarks/euro_short-term_rate/html/index.en.html European Central Bank Euro short term rate]


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

Latest revision as of 23:42, 9 October 2023

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 - or fallback - reference rate or primary reference rate.


€STR is also sometimes written as 'ESTER' or 'ESTR'.


See also


External link