ESTER: Difference between revisions
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imported>Doug Williamson (Update - source - Association of Corporate Treasurers - email from Naresh Aggarwal 16 Feb 2022.) |
imported>Doug Williamson (Typo correction - add 'an'.) |
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''Interest rates - reference rates.'' | ''Interest rates - reference rates.'' | ||
ESTER is interest rate calculated by the European Central Bank that reflects wholesale overnight borrowing costs for eurozone banks. | ESTER is an interest rate calculated by the European Central Bank that reflects wholesale overnight borrowing costs for eurozone banks. | ||
It has been designed as the eurozone replacement for EONIA. | It has been designed as the eurozone replacement for EONIA. | ||
Revision as of 17:11, 16 February 2022
Interest rates - reference rates.
ESTER is an interest rate calculated by the European Central Bank that reflects wholesale overnight borrowing costs for eurozone banks.
It has been designed as the eurozone replacement for EONIA.
ESTER is an acronym for Euro Short Term Rate.
ESTER is also sometimes written as '€STR'.
See also
- Benchmark
- EONIA
- EURIBOR
- Euro area
- Euro LIBOR
- European Central Bank
- Eurozone
- Fallback
- O/N
- Pre-€STR
- Reference rate
- RFR
- Risk-free rates
- SONIA
