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.

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-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).
+''Reference rates''.
-It is reported on an act/360 day count convention and is displayed to three decimal places.
+Abbreviation for the discontinued Euro OverNight Index Average interest rate, formerly sponsored by the European Money Markets Institute (EMMI).
-EONIA is widely used as a reference rate for derivatives transactions within the euro-zone.
+EONIA was discontinued in January 2022.
-''Distinguish from EURONIA which is sponsored and published by the Wholesale Market Brokers' Association in London.''
+''Distinguish from EURONIA which is sponsored and published by WMBA Ltd in London.''
 == See also ==
+* [[CET]]
+* [[€STR]]
 * [[EURIBOR]]
 * [[EURONIA]]
 * [[European Central Bank]]
 * [[European Money Markets Institute]]
+* [[GC repo]]
 * [[Over night index average rate]]
 * [[Overnight indexed swap]]
 * [[Real-time gross settlement system]]
+[[Category:Financial_products_and_markets]]