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EUR-ESTR

EUR – Euro Short-Term Rate (ESTR)

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:

Dataset Description
Tenors
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 Money Markets Institute and is a more robust and reliable alternative to EURIBOR

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 current reference rate, the Euro Interbank Offered Rate (EURIBOR), 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 EURIBOR. Additionally, ESTR is calculated and published by the European Money Markets Institute (EMMI), a non-profit organization based in Europe, 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 Money Markets Institute (EMMI)
  • It is a more robust and reliable alternative to EURIBOR
  • It promotes greater transparency and fairness in the market
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.

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