EONIA: Difference between revisions

Latest revision as of 01:28, 8 February 2024

Reference rates.

Abbreviation for the discontinued Euro OverNight Index Average interest rate, formerly sponsored by the European Money Markets Institute (EMMI).

EONIA was discontinued in January 2022.

Distinguish from EURONIA which is sponsored and published by WMBA Ltd in London.

@@ Line 1: / Line 1: @@
 ''Reference rates''.
-This Euro OverNight Index Average (EONIA) is sponsored by the European Money Markets Institute (EMMI) and calculated by the European Central Bank at 7.00 pm (CET) as a weighted average of all overnight unsecured lending transactions in the interbank market, and carried out before the closing of real-time gross settlement (RTGS) systems at 6.00 pm (CET).
+Abbreviation for the discontinued Euro OverNight Index Average interest rate, formerly sponsored by the European Money Markets Institute (EMMI).
-It is reported on an act/360 day count convention and is displayed to three decimal places.
+EONIA was discontinued in January 2022.
-EONIA is widely used as a reference rate for derivatives transactions within the euro-zone.
@@ Line 13: / Line 11: @@
 == See also ==
 * [[CET]]
-* [[ESTER]]
+* [[€STR]]
 * [[EURIBOR]]
 * [[EURONIA]]