Eonia trading shuts down as CCPs make €STR switch

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Trading of overnight index swaps (OIS) linked to Eonia has effectively ceased after central counterparties (CCPs) stopped clearing the instruments last weekend.

Nearly €14 trillion ($16.3 trillion) of cleared Eonia swaps were re-hitched to €STR, the new euro short-term rate, after the markets closed on Friday, October 15.

The co-ordinated switch – which comes more than a year after CCPs began using €STR to discount future cashflows – finally rids the cleared market of the flimsy benchmark and

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 print this content. Please contact [email protected] to find out more.

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

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]