22/01/2025

EUR – Euro Short-Term Rate (ESTR)

Name: EUR – ESTR Market Data
Creator: TraditionData
Published: 2023-02-06
License: https://www.traditiondata.com/terms-conditions/

Euro Short-Term Rate (ESTR): An Alternative Reference Rate for European Financial Markets

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The following 6 datasets are available for resale as part of the ESTR data package:

EUR OIS ESTR

O/N – 60Y

EUR OIS ESTR vs Eonia

1Y – 50Y

EUR OIS ESTR vs 3M EURIBOR

6M – 50Y

EUR Spread ESTR vs ECB Dates

1st ECB Meeting – 15th ECB Meeting

EUR OIS ESTR vs USD SOFR

1M – 60Y

EUR OIS ESTR Single Period Swaps

1M, 3M, 6M 12M Curves

SUMMARY

ESTR is published by the European Central Bank, and is a more robust and reliable alternative to EONIA

What is ESTR?

ESTR (Euro Short-Term Rate) is a new alternative reference rate for the Euro interbank lending market. It was introduced as a replacement for the legacy overnight rate, the Euro Overnight Index Average (EONIA), which was phased out at the end of 2021.

How is ESTR calculated?

One of the key advantages of ESTR is its accuracy. It is based on actual transactions in the Euro interbank lending market, providing a more reliable reference rate compared to EONIA.

Additionally, ESTR is calculated and published by the European Central Bank (ECB), ensuring greater transparency and fairness in the market.

Key features of ESTR

Key features of ESTR include;

It is an interbank offered rate calculated on an actual transaction basis
It is based on the Euro interbank lending market
ESTR published by the European Central Bank (ECB)
It is a more robust and reliable alternative to EONIA
It promotes greater transparency and fairness in the market

Related products

Europe – IBOR Transition CHF – SARON GBP – SONIA

BENEFITS OF ESTR

Financial services can use ESTR in several ways, including:

Pricing financial products: ESTR can be used as a reference rate to price financial products, such as loans and bonds, which are tied to the Euro interbank lending market.

Managing risk: By providing accurate and up-to-date information on the Euro interbank lending market, ESTR can help financial services professionals better understand and manage risk.

Evaluating performance: ESTR can be used to evaluate the performance of different financial products over time, and compare their relative value.

Setting benchmark rates: Financial services professionals can use ESTR as a benchmark rate to set the interest rates on financial products, such as loans and bonds.

USD – SOFR Data

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