Pre-ESTER: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Mend link.)
imported>Doug Williamson
(Reword and update due to replacement by €STR. Source: https://www.ecb.europa.eu/stats/financial_markets_and_interest_rates/euro_short-term_rate/html/eurostr_overview.en.html)
 
(2 intermediate revisions by the same user not shown)
Line 1: Line 1:
''Interest rates - reference rates.''
Interest rates - reference rates.


ESTER is an acronym for Euro Short TErm Rate, whose formal publication is scheduled from 2 October 2019.
ESTER is an acronym for Euro Short TErm Rate, whose formal publication began on 2 October 2019.




In the meantime, the ECB is publishing preliminary figures, referred to as 'pre-ESTER' in the period up to 1 October 2019.
Before ESTER's formal publication, the European Central Bank (ECB) published preliminary figures, referred to as 'pre-ESTER' for the period up to 1 October 2019.


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's aim was to reduce market uncertainty, allow market participants to assess the new rate and its statistical properties, and provide an opportunity to adjust processes and procedures to ensure transition to ESTER.




Pre-ESTER is also written as Pre-€STR, using the € symbol.
Pre-ESTER was also sometimes written as 'Pre-€STR', and ESTER is similarly sometimes written as '€STR'.




Line 26: Line 26:


==Other links==
==Other links==
* [https://www.ecb.europa.eu/paym/initiatives/interest_rate_benchmarks/shared/pdf/ecb.Pre-ESTER.en.pdf ECB Pre-ESTER]
* [https://www.ecb.europa.eu/paym/initiatives/interest_rate_benchmarks/shared/pdf/ecb.Pre-ESTER.en.pdf ECB Pre-€STR]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]
[[Category:Financial_products_and_markets]]

Latest revision as of 14:17, 29 January 2020

Interest rates - reference rates.

ESTER is an acronym for Euro Short TErm Rate, whose formal publication began on 2 October 2019.


Before ESTER's formal publication, the European Central Bank (ECB) published preliminary figures, referred to as 'pre-ESTER' for the period up to 1 October 2019.

Pre-ESTER's aim was to reduce market uncertainty, allow market participants to assess the new rate and its statistical properties, and provide an opportunity to adjust processes and procedures to ensure transition to ESTER.


Pre-ESTER was also sometimes written as 'Pre-€STR', and ESTER is similarly sometimes written as '€STR'.


See also


Other links

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Pre-ESTER&oldid=37902’