EONIA: Difference between revisions
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imported>Doug Williamson (Update for name change.) |
imported>Doug Williamson (Link with CET page.) |
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== See also == | == See also == | ||
* [[CET]] | |||
* [[EURIBOR]] | * [[EURIBOR]] | ||
* [[EURONIA]] | * [[EURONIA]] | ||
Revision as of 19:00, 12 January 2018
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).
It is reported on an act/360 day count convention and is displayed to three decimal places.
EONIA is widely used as a reference rate for derivatives transactions within the euro-zone.
Distinguish from EURONIA which is sponsored and published by WMBA Ltd in London.
