Interest rates - reference rates.
€STR is an acronym for Euro Short TErm Rate, whose formal publication is scheduled from 2 October 2019.
In the meantime, the European Central Bank (ECB) is publishing preliminary figures, referred to as 'pre-€STR' in the period up to 1 October 2019.
Pre-€STR 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-€STR is also sometimes written as 'Pre-ESTER', and €STR is similarly sometimes written as 'ESTER'.
- Benchmarks Regulation
- European Central Bank
- Reference rate
- Risk-free rates