ESTER: Difference between revisions
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==See also== | ==See also== | ||
*[[Benchmark]] | *[[Benchmark]] | ||
*[[EONIA]] | |||
*[[Euro area]] | *[[Euro area]] | ||
*[[European Central Bank]] | *[[European Central Bank]] | ||
Revision as of 11:51, 7 August 2019
Interest rates - reference rates.
ESTER is an acronym for Euro Short TErm Rate.
It is administered by the European Central Bank (ECB), with formal publication scheduled from October 2019.
ESTER is designed to reflect the wholesale euro unsecured overnight borrowing costs of euro area banks, and to complement existing benchmark rates produced by the private sector, serving as a backstop reference rate.
To assist transition, it is currently published as 'pre-ESTER' in the period up to October 2019.
ESTER is also sometimes written as €STR, using the € symbol.
See also
- Benchmark
- EONIA
- Euro area
- European Central Bank
- O/N
- Pre-ESTER
- Reference rate
- RFR
- Risk-free rates
- SONIA
