Coronavirus and €STR: Difference between pages
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''Interest rates - reference rates''. | |||
€STR is an acronym for Euro Short Term Rate. | |||
It is administered by the European Central Bank (ECB), with formal publication scheduled from October 2019. | |||
€STR 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. | |||
It is recommended that market participants gradually replace EONIA with the €STR for all products and contracts, making the €STR their standard reference rate. | |||
To assist transition, it is currently published as 'pre-€STR' in the period up to October 2019. | |||
€STR is also sometimes written as ESTER. | |||
==See also== | ==See also== | ||
*[[ | *[[Benchmark]] | ||
*[[ | * [[EONIA]] | ||
*[[ | *[[Euro area]] | ||
*[[ | *[[European Central Bank]] | ||
*[[ | *[[O/N]] | ||
* [[ | *[[Reference rate]] | ||
*[[ | *[[RFR]] | ||
*[[ | *[[Risk-free rates]] | ||
*[[SONIA]] | |||
*[[ | |||
[https://www. | ==Other links== | ||
[https://www.ecb.europa.eu/paym/initiatives/interest_rate_benchmarks/euro_short-term_rate/html/index.en.html European Central Bank Euro short term rate] | |||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] | ||
Revision as of 10:59, 24 July 2019
Interest rates - reference rates.
€STR is an acronym for Euro Short Term Rate.
It is administered by the European Central Bank (ECB), with formal publication scheduled from October 2019.
€STR 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.
It is recommended that market participants gradually replace EONIA with the €STR for all products and contracts, making the €STR their standard reference rate.
To assist transition, it is currently published as 'pre-€STR' in the period up to October 2019.
€STR is also sometimes written as ESTER.
See also
