Euro OverNight Index Average (EONIA)

Euro OverNight Index Average (EONIA),

Definition of Euro OverNight Index Average (EONIA):

  1. A rate used as a benchmark for the markets in the European Banking Federation. The rate is calculated by taking the weighted average of all the overnight offer rates in the market. See also EURIBOR.

  2. The Euro Overnight Index Average (Eonia) is the average overnight reference rate for which European banks lend to one another in euros. The Eonia is the interest rate for one-day loans between European banks and is considered an interbank rate. However, European regulatory reforms have resulted in a push to replace Eonia by January 2022.

  3. Eonia is a daily reference rate that expresses the weighted average of unsecured overnight interbank lending in the European Union and the European Free Trade Association (EFTA). It is calculated by the European Central Bank (ECB) based on the loans made by 28 panel banks. .

How to use Euro OverNight Index Average (EONIA) in a sentence?

  1. Due to European regulatory reforms, Eonia is expected to be replaced by 2022 with a more comprehensive benchmark called ESTER.
  2. The Euro Overnight Index Average is calculated by the European Central Bank (ECB) based on the loans made by 28 panel banks. .
  3. The Eonia is the interest rate for one-day loans between European banks.
  4. The Euro Overnight Index Average (Eonia) is the average overnight reference rate for which European banks lend to one another in euros.

Meaning of Euro OverNight Index Average (EONIA) & Euro OverNight Index Average (EONIA) Definition