PRI and Pre-ESTER: Difference between pages

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''Environmental social and governance (ESG).''
''Interest rates - reference rates.''


Abbreviation for Principles for Responsible Investment, established to be the world’s leading proponent of responsible investment.
ESTER is an acronym for Euro Short TErm Rate.


It is supported by, but not part of, the United Nations.
ESTER is designed to reflect the wholesale euro unsecured overnight borrowing costs of euro area banks. It is administered by the European Central Bank (ECB), with formal publication scheduled from October 2019.




==See also==
The ECB publishes preliminary figures, referred to as the 'pre-ESTER' in the period up to October 2019.
*[[Due diligence]]
*[[Environmental concerns]]
*[[Equator Principles]]
*[[European Bank for Reconstruction and Development]]
*[[ESG investment]]
*[[OECD]]
*[[Principles for Responsible Banking]]  (PRB)
*[[Principles for Responsible Investment]]
*[[Principles for Sustainable Insurance]] (PSI)
*[[Project finance]]
*[[Risk management]]
*[[Social concerns]]
*[[Sustainable Development Goals]]  (SDGs)
*[[United Nations]]


The pre-ESTER aims to reduce market uncertainty, allow market participants to assess the suitability of the new rate and familiarise themselves with its statistical properties, and provide an opportunity to adjust processes and procedures adequately to ensure a seamless transition to the new rate.


==External link==
 
[https://www.unpri.org/pri/an-introduction-to-responsible-investment/what-are-the-principles-for-responsible-investment/ Principles for Responsible Investment webpage]
ESTER is also sometimes written as €STR, using the € symbol.
 
 
==See also==
* [[Benchmark]]
* [[ESTER]]
* [[European Central Bank]]
* [[O/N]]
* [[Reference rate]]
* [[RFR]]
* [[Risk-free rates]]
* [[SONIA]]
 
 
==Other links==
* [https://www.ecb.europa.eu/paym/initiatives/interest_rate_benchmarks/shared/pdf/ecb.Pre-ESTER.en.pdf ECB Pre-ESTER]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]
[[Category:Financial_products_and_markets]]

Revision as of 14:47, 24 July 2019

Interest rates - reference rates.

ESTER is an acronym for Euro Short TErm Rate.

ESTER is designed to reflect the wholesale euro unsecured overnight borrowing costs of euro area banks. It is administered by the European Central Bank (ECB), with formal publication scheduled from October 2019.


The ECB publishes preliminary figures, referred to as the 'pre-ESTER' in the period up to October 2019.

The pre-ESTER aims to reduce market uncertainty, allow market participants to assess the suitability of the new rate and familiarise themselves with its statistical properties, and provide an opportunity to adjust processes and procedures adequately to ensure a seamless transition to the new rate.


ESTER is also sometimes written as €STR, using the € symbol.


See also


Other links

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