European Central Bank’s Post

🎉 The euro short-term rate (€STR) is five years old this month! 🎉   It’s the euro’s overnight interest rate benchmark. Benchmark rates play a key role in the financial system, the banking system and the economy overall.   The €STR was first published in October 2019, following meticulous preparation and consultation on its calculation method and legal framework. 🔹It kickstarted a new era of benchmark rates by replacing the euro overnight index average (EONIA) as the benchmark overnight rate for the euro. 🔹 The €STR Oversight Committee regularly scrutinises the integrity of the rate’s methodology, determination process and control framework. 🔹 Since its introduction, the €STR has been published on each TARGET2 business day, and its reliability is underpinned by the transaction‑by‑transaction data collected through the money market statistical reporting.   Find out more about the €STR here https://lnkd.in/ddyWuaf

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Stefan Wingenbach

Director @LPA | Sales, Trading, Treasury | Derivatives, Pricing, Structuring, xVA, IBOR-Transition, AI

2mo

Happy Birthday Dear €STR! As outlined in my post (https://www.linkedin.com/feed/update/urn:li:activity:7247130705405603840/), this is a significant step for European interest rates markets. The key question remains: Is €STR “only” an EONIA replacement or is there a more far-reaching adaptation in the market. Happy to discuss!

US and Latin Veterans International Chamber of Commerce

Veterans Service Representative | Serving Veterans, Building Relationships, Economic Development, Apprenticeship, Youth apprenticeship, Aerospace Apprenticeship, Chamber of Commerce, Embassy, Construction Training

2mo

Veterans loan fund? BBIF

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