

€STR transition stymied by addiction to Eonia – ECB
Swap referencing Eonia, the eurozone’s outgoing benchmark rate for overnight unsecured lending, which expire after its planned obsolescence, have increased by over one-third year-to-date, European Central Bank (ECB) data shows.
Between January 1 and October 28, outstanding notional amounts of overnight index swaps (OIS) referencing Eonia that mature after January 3, 2022, when the rate ceases, climbed 37% to €3.96 trillion ($4.74 trillion). Trading in these “zombie” contracts also became more
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.
Copyright Infopro Digital Limited. All rights reserved.
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]
Copyright Infopro Digital Limited. All rights reserved.
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]
More on Risk Quantum
Regulation
What lies beneath: Nomura’s iceberg balance sheet
Collateral received by the Japanese bank exceeds its total on-balance-sheet assets – does it matter?
Receive this by email