EURONIA and Private placement: Difference between pages

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(Align time presentation with LIBOR page.)
 
imported>Doug Williamson
(Altered order of ACT website links)
 
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This Euro overnight index average tracks actual average market euro funding rates each day for settlement that day where repayment is made on the following business day.  
This is a form of securities issuance that has no exact definition.


It is published by the Wholesale Market Brokers' Association (WMBA) in London at 5 pm each day. It is the weighted average rate to four decimal places of all unsecured euro overnight cash transactions brokered in London by WMBA member firms between midnight and 4 pm London time with all counterparties.
It usually refers to an issue that has been designed for a specific set of investor needs at a particular time.


(Distinguish from EONIA, the Euro Overnight Index Average.)
As such it is not expected to be traded in the secondary market and is not a 'public' issue. 
 
It is not normally expected to be listed on an exchange.
 
A wide variety of securities under various names are private placements. In Germany, [[Schuldschein]] are a form of private placements, for example.




== See also ==
== See also ==
* [[EONIA]]
* [[Issue]]
* [[Over night index average rate]]
* [[Placement]]
* [[Overnight indexed swap]]
* [[Rule 144A]]
* [[SONIA]]
* [[Secondary market]]
* [[Wholesale Markets Brokers' Association]]
* [[Security]]
 
 
== ACT Website links ==
 
[http://www.treasurers.org/blogs/ceo/201307 Hot money just got hotter...then evaporated, Colin Tyler, 5 July 2013]
 
[http://www.treasurers.org/node/8624 Developing a UK Private Placement market – report of the PP15+ working group]

Revision as of 14:37, 1 October 2013

This is a form of securities issuance that has no exact definition.

It usually refers to an issue that has been designed for a specific set of investor needs at a particular time.

As such it is not expected to be traded in the secondary market and is not a 'public' issue.

It is not normally expected to be listed on an exchange.

A wide variety of securities under various names are private placements. In Germany, Schuldschein are a form of private placements, for example.


See also


ACT Website links

Hot money just got hotter...then evaporated, Colin Tyler, 5 July 2013

Developing a UK Private Placement market – report of the PP15+ working group