Pre-ESTER
From ACT Wiki
Interest rates - reference rates.
ESTER is an acronym for Euro Short TErm Rate, whose formal publication is scheduled from October 2019.
In the meantime, the ECB is publishing preliminary figures, referred to as the 'pre-ESTER' in the period up to October 2019.
The pre-ESTER aims to reduce market uncertainty, allow market participants to assess the suitability of the new rate and familiarise themselves with its statistical properties, and provide an opportunity to adjust processes and procedures adequately to ensure a seamless transition to the new rate.
Pre-ESTER is also sometimes written as Pre-€STR, using the € symbol.
See also
- Benchmark
- Benchmarks Regulation
- EONIA
- ESTER
- European Central Bank
- O/N
- Reference rate
- RFR
- Risk-free rates
- SONIA
