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WHAT's NEW

November 2020: The Working group on euro risk-free rates has published two public consultations
December 2019: EMMI publishes EONIA Benchmark Statement
November 2019: EMMI granted authorisation by Belgian FSMA for provision and administration of EONIA under EU BMR
November 2019: EMMI confirms the successful completion of the phase-in of all EURIBOR® Panel Banks to the hybrid methodology
October 2019: EMMI publishes EONIA® under the reformed determination methodology and has applied for authorisation

On 14 December 2000, the Governing Council of the European Central Bank (ECB) has decided that, from 2002 until further notice, the Trans-European Automated Real-time Gross settlement Express Transfer (TARGET) system will be closed, in addition to Saturdays and Sundays, on the following days:

New Year's Day
Good Friday (Catholic/Protestant)
Easter Monday (Catholic/Protestant)
1 May (Labour Day)
Christmas Day
26 December

For further information, please visit the Website of the ECB.

Charts

EMMI » EUREPO® » Eurepo®

About Eurepo®

A single reference rate for a unified Euro G.C. Repo Market

Eurepo was discontinued on 2 January 2015

Latest fixings

tn: -0.037
1w: -0.001
2w: -0.003
3w: -0.009

1m: -0.02
2m: -0.021
3m: -0.039

6m: -0.04
9m: -0.05
12m: -0.06

Since the introduction of the Euro, the European repo markets have developed significantly, with more and more emphasis on cross border financing trades. This has led to an increasingly homogenous Euro-denominated General Collateral ('GC') market.

Administrated by the European Money Markets Institute the Eurepo® was defined as the rate at which, at 11.00 a.m. Brussels time, one bank offers, in the euro-zone and worldwide, funds in euro to another bank if in exchange the former receives from the latter the best collateral within the most actively traded European repo market.

3 years after its creation, ECB’s President Trichet quoted:
"The growing repo market is still somewhat less integrated than the unsecured segment which is fully integrated, but integration progresses. The creation of the EUREPO® index - the benchmark for secured money market transactions in the euro area - three years ago was an important market initiative for promoting the repo market’s integration. Anecdotal evidence collected via market survey from counterparties active in the repo market suggests that the share of euro area cross-border transactions increased further to around 30% in December 2004." (New York, 19 April 2005).

Eurepo® publication details can be found at FAQs.