DG GROW and EONIA: Difference between pages

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imported>Doug Williamson
(Create the page; Source: \https://ec.europa.eu/info/departments/internal-market-industry-entrepreneurship-and-smes_en#responsibilities)
 
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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Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW).
''Reference rates''.


One of the Directorates General and specialised services which make up the European Commission.
This Euro OverNight Index Average (EONIA) is sponsored by the European Money Markets Institute (EMMI).


DG GROW's responsibilities were previously covered by the Directorate-General for Internal Market (DG MARKT) and the Directorate-General for Enterprise and Industry (DG ENTR).
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.


DG GROW develops and carries out the Commission's policies on:
EONIA is widely used as a reference rate for derivatives transactions within the euro-zone.


- Business and industry


- Single market
With effect from 2 October 2019, EONIA is defined as €STR plus a spread of 0.085%.




==See also==
''Distinguish from EURONIA which is sponsored and published by WMBA Ltd in London.''
* [[European Commission]]


[[Category:The_business_context]]
 
== 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]]

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.


See also

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