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EURIBOR Rates

Since the 1st of January 1999, Europe has a new currency, the euro (€). To date, 16 countries of the European Union have adopted the euro. A new financial market has emerged following the introduction of the euro. This new financial market has its own benchmarks.

The benchmarks for the money and capital markets in the euro zone are Euribor^® and Eonia^®

• Euribor^® (Euro Interbank Offered Rate) is the rate at which euro interbank term deposits are being offered by one prime bank to another within the EMU zone.
• Eonia^® (Euro OverNight Index Average) is an effective overnight rate computed as a weighted average of all overnight unsecured lending transactions in the interbank market, initiated within the euro area by the contributing panel banks.

These rates benefit from:

• A large integrated market with a single currency
• An impressive panel of quoting banks of first class credit standing.
• A solid Code of Conduct setting out strict rules for the panel banks.
• An independent Steering Committee of market experts which oversees the application of the Code of Conduct and monitors market developments..

Key Features and Coverage

For this database, Rimes provides data for the following indices:

• Euro Interbank Offered Rate 1-3 Weeks, 1-12 Months,
• Euro Over Night Index Average [Eonia]
• Euro Interbank Offered Rate [Euribor]

This database includes Current items such as Description, Source and Symbol; a Rate time series item, and Port items such as Date, Description, Symbol, Rate1WK-3WK, Rate1M-11M, Rate1Y,

Further Information

To find out more, please contact us, or visit http://www.euribor.org/