(Difference between pages)
imported>Doug Williamson |
imported>Doug Williamson |
| Line 1: |
Line 1: |
| ''Interest rates - reference rates''.
| | The price for a foreign exchange transaction. |
|
| |
|
| ESTER is an acronym for Euro Short TErm Rate.
| | Also known as the ''foreign exchange rate''. |
|
| |
|
| It is administered by the European Central Bank (ECB), with formal publication scheduled from October 2019.
| | == See also == |
| | | * [[Cross rates]] |
| | | * [[Foreign currency]] |
| ESTER 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.
| | * [[Foreign exchange]] |
| | | * [[Forward foreign exchange rate]] |
| To assist transition, it is currently published as 'pre-ESTER' in the period up to October 2019.
| | * [[FRS 23]] |
| | |
| | |
| ESTER is also sometimes written as ''€STR'', using the € symbol.
| |
| | |
| | |
| ==See also== | |
| *[[Benchmark]] | |
| *[[Euro area]]
| |
| *[[European Central Bank]] | |
| *[[O/N]] | |
| *[[Reference rate]] | |
| *[[RFR]] | |
| *[[Risk-free rates]]
| |
| *[[SONIA]]
| |
| | |
| | |
| ==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:Accounting,_tax_and_regulation]]
| |
| [[Category:Financial_products_and_markets]]
| |
Revision as of 11:00, 4 July 2015
The price for a foreign exchange transaction.
Also known as the foreign exchange rate.
See also
