EONIA: Difference between revisions
imported>Doug Williamson m (Correct link.) |
imported>Doug Williamson (Update. Source: ECB webpage https://www.ecb.europa.eu/press/pr/date/2019/html/ecb.pr190531~a3788de8f8.en.html) |
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''Reference rates''. | ''Reference rates''. | ||
This Euro OverNight Index Average (EONIA) is sponsored by the European Money Markets Institute (EMMI) | This Euro OverNight Index Average (EONIA) is sponsored by the European Money Markets Institute (EMMI). | ||
For the period ending September 2019 is is 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. | 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. | EONIA is widely used as a reference rate for derivatives transactions within the euro-zone. | ||
With effect from 2 October 2019, EONIA is defined as €STR plus a spread of 0.085%. | |||
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== See also == | == See also == | ||
* [[CET]] | * [[CET]] | ||
* [[ | * [[€STR]] | ||
* [[EURIBOR]] | * [[EURIBOR]] | ||
* [[EURONIA]] | * [[EURONIA]] | ||
Revision as of 12:46, 17 August 2019
Reference rates.
This Euro OverNight Index Average (EONIA) is sponsored by the European Money Markets Institute (EMMI).
For the period ending September 2019 is is 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.
With effect from 2 October 2019, EONIA is defined as €STR plus a spread of 0.085%.
Distinguish from EURONIA which is sponsored and published by WMBA Ltd in London.
