Eonia (Euro Overnight Index Average) was computed as a weighted average of all overnight unsecured lending transactions in the interbank market, undertaken in the

European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The u ...

and

European Free Trade Association The European Free Trade Association (EFTA) is a regional trade organization and free trade area consisting of four List of sovereign states and dependent territories in Europe, European states: Iceland, Liechtenstein, Norway and Switzerland. ...

(EFTA) countries by a Panel of banks (the same as for

Euribor The Euro Interbank Offered Rate (Euribor) is a daily reference rate, published by the European Money Markets Institute, based on the averaged interest rates at which Eurozone banks borrow unsecured funds from counterparties in the euro wholes ...

) subject to the Eonia Code of Conduct. It was reported on an ACT/360 day count convention and displayed to three decimal places. "Overnight" means from one

TARGET Target may refer to: Warfare and shooting * Shooting target, used in marksmanship training and various shooting sports ** Bullseye (target), the goal one for which one aims in many of these sports ** Aiming point, in field artille ...

day (i.e. day on which the Trans-European Automated Real-time Gross Settlement Express Transfer system is open) to the next. ''Eonia reference rates'' were calculated by the

European Central Bank The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International ...

, based on all overnight interbank assets created before the close of RTGS systems at 6pm

CET CET or cet may refer to: Places * Cet, Albania * Cet, standard astronomical abbreviation for the constellation Cetus * Colchester Town railway station (National Rail code CET), in Colchester, England Arts, entertainment, and media * Comcast En ...

, and published through GRSS (Global Rate Set Systems) every day before 7pm CET. It can be found under the

ISIN Isin (, modern Arabic language, Arabic: Ishan al-Bahriyat) is an archaeological site in Al-Qādisiyyah Governorate, Iraq which was the location of the Ancient Near East city of Isin, occupied from the late 4th millennium Uruk period up until at ...

identifier EU0009659945. EONIA was replaced by the Euro Short-Term Rate (

€STR The Euro Short-Term Rate (€STR) is a reference rate for the euro. This interest rate can be used as the rate referenced in financial contracts that involve the euro. €STR is administered and calculated by the European Central Bank (ECB), based ...

), published by the ECB since 2nd of October 2019.

References

External links

Eonia homepage

European Central BankEuribor homepage

Eonia graphs and chartsHistorical chart
{{Econ-stub Eurozone Banking Interest rates

See also

References

External links