ESTER: Difference between revisions

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imported>Doug Williamson
(Add link to ECB page.)
imported>Doug Williamson
(Add alternative spelling - source - ACT blog - https://www.treasurers.org/hub/blog/LIBOR-update-June-2022)
 
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''Interest rates - reference rates''.
''Interest rates - reference rates.''


ESTER is an acronym for Euro Short TErm Rate.
ESTER is an interest rate calculated by the European Central Bank that reflects wholesale overnight borrowing costs for eurozone banks.  


It is administered by the European Central Bank (ECB), with formal publication scheduled from October 2019.


ESTER is an acronym for Euro Short Term Rate.


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.
ESTER is also sometimes written as '€STR' or 'ESTR'.
 
To assist transition, it is currently published as 'pre-ESTER' in the period up to October 2019.
 
 
ESTER is also sometimes written as ''€STR'', using the € symbol.




==See also==
==See also==
*[[Benchmark]]
*[[Benchmark]]
*[[EURIBOR]]
*[[Euro area]]
*[[Euro area]]
*[[Euro LIBOR]]
*[[European Central Bank]]
*[[European Central Bank]]
*[[Eurozone]]
*[[Fallback]]
*[[O/N]]
*[[O/N]]
* [[Pre-€STR]]
*[[Reference rate]]
*[[Reference rate]]
*[[RFR]]
*[[RFR]]
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==Other links==
==Other link==
[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]
[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:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]
[[Category:Financial_products_and_markets]]

Latest revision as of 08:01, 14 June 2022

Interest rates - reference rates.

ESTER is an interest rate calculated by the European Central Bank that reflects wholesale overnight borrowing costs for eurozone banks.


ESTER is an acronym for Euro Short Term Rate.

ESTER is also sometimes written as '€STR' or 'ESTR'.


See also


Other link

European Central Bank Euro short term rate