€STR

From ACT Wiki
Revision as of 15:29, 25 July 2019 by imported>Doug Williamson (Expand definition.)
Jump to navigationJump to search

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.

It is recommended that market participants gradually 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