ECB unveils details of Euribor replacement Ester

The ECB outlined how its planned replacement for Euribor, the Ester rate, will work, in a release published on Thursday. The new rate will begin publication from October next year.

  • By Nell Mackenzie
  • 28 Jun 2018

Ester, which stands for “euro short-term rate”, will be based on overnight unsecured fixed rate deposit transactions over €1m with financial counterparties. Backward looking, the rate will reference the previous day’s transactions.

The ECB will publish the ...

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