Avoid floating rates on non-cleared repo – ICMA

€STR won’t be published until October, but its next-day publication will make settling complicated

euro-benchmark-rates

The European interbank market should stop doing non-cleared repo in floating rates once €STR arrives, an industry group said, advice that could spare the market the complications of settling in what will be a next-day rate and also create consistency across Europe’s repo markets.

The International Capital Market Association’s (ICMA) European Repo and Collateral Council, which represents the regional repo sector, made its comments in a July 2 memorandum on the coming transition to the European

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: