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EMMI Workshops

target dates

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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.


EMMI » EONIA® » Eonia®

EMMI advises users of EMMI benchmarks (Euribor® and EONIA®) to regularly assess that the benchmark used is appropriate, suitable and relevant for the targeted market and to put in place their own contingency provisions in the event any of the benchmarks are not available or in case of benchmark discontinuation. To adapt Euribor® and EONIA® to changes in the underpinning markets and to align the benchmarks with regulatory and market recommendations, EMMI is currently undergoing a reform of its benchmarks which includes the transition to a calculation of Euribor® based on transactions and the review/enhancement of EONIA®.

About Eonia®


Eonia Review State of Play

Eonia® Designated Critical

  • -0.362


Eonia® (Euro OverNight Index Average) is the effective overnight reference rate for the euro. It is computed as a weighted average of all overnight unsecured lending transactions in the interbank market, undertaken in the European Union and European Free Trade Association (EFTA) countries.

The European Central Bank is the Calculation Agent for Eonia®.

According to the Transitional Provisions foreseen by the EU Benchmarks Regulation benchmark administrators providing a benchmark on 30 June 2016 shall apply for authorisation by 1 January 2020.

EMMI will benefit from the Transitional Provisions established under article 51 (1-4).

EMMI will continue with the daily publication of its benchmarks. Further developments will be published at the EMMI website.