€STR: Difference between revisions

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€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.


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




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*[[Benchmark]]
*[[Benchmark]]
*[[EONIA]]
*[[EONIA]]
*[[EURIBOR]]
*[[Euro area]]
*[[Euro area]]
*[[European Central Bank]]
*[[European Central Bank]]

Revision as of 12:41, 17 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 the €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


Other links

European Central Bank Euro short term rate