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EURIBOR® and EONIA®
The money market
reference rates for the euro. IMPORTANT NOTE: Euribor® and Eonia® are worldwide registered trademarks of Euribor FBE. All rights reserved.
All use of the trademarks must indicate that the index is a registered trademark. For all commercial use of the registered trademarks it is recommended to obtain prior explicit approval from Euribor FBE.
Please also note that the use of the indexes reference data is currently free of charge. Euribor-FBE reserves the right to change that policy at any time. Any change made to it shall be posted on this website so it is recommended to check it regularly.
Since the 1st of January 1999, Europe
has a new currency, the euro. To date, 15 countries of the European Union
have adopted the euro.
A new financial market has emerged following the introduction of the euro.
This new financial market has its own benchmarks.
The benchmarks for the money and capital markets in the euro zone are
Euribor® and
Eonia®.
Euribor® (Euro Interbank Offered Rate)
is the rate at which euro interbank term deposits within the euro zone
are offered by one prime bank to another prime bank.
Eonia® (Euro OverNight Index Average)
is an effective overnight rate computed as a weighted average of all overnight
unsecured lending transactions in the interbank market, initiated within
the euro area by the contributing panel banks.
These rates benefit from:
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A large integrated market with a single currency. |
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An impressive panel of quoting banks of first class
credit standing. |
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A solid Code of Conduct setting out strict rules for
the panel banks. |
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An independent Steering Committee of market experts
which oversees the application of the Code of Conduct and monitors
market developments. |
These conditions have enabled Euribor®
and Eonia® to establish themselves as
the benchmarks in the euro market.
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