Pension Benefit Guaranty Corporation and Pre-ESTER: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Administrator
(CSV import)
 
imported>Doug Williamson
m (Layout.)
 
Line 1: Line 1:
(PBGC). ''US Pensions''. 
''Interest rates - reference rates.''
An organisation set up by the US government to take over the assets and liabilities of insolvent pension funds and to provide limited guarantees as to the payment of pensions by those funds. 


The PBGC has wide powers to investigate US pension schemes and their sponsoring companies.
ESTER is an acronym for Euro Short TErm Rate.


The equivalent in the UK is the Pension Protection Fund.
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 ==
* [[Pension Protection Fund]]


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==
* [[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: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

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Pension_Benefit_Guaranty_Corporation&oldid=37894’