EONIA® was published for the first time on the evening of 4th January 1999, on the basis of overnight unsecured lending transactions undertaken on that day in the EU and EFTA countries by the EONIA® Panel Banks.
EMMI proposes a look-back at the major milestones that have marked EONIA®'s existence for more than 20 years (reverse chronology).
After public consultation, EMMI decides to follow the of the (RFR WG). As of 1st October 2019, EONIA® will be calculated following the recalibration methodology, thus directly linked to the .
EMMI publishes the of a on EONIA®. The aim of the consultation was to raise awareness of the implications of the changes suggested by the working group on risk-free rates (RFR WG), and to ensure that EONIA® users start preparing for the upcoming changes as soon as possible.
The working group on risk-free rates (RFR WG) recommends a transition from EONIA® to the . The €STR is the euro short-term rate issued by the European Central Bank (ECB) since 1st October 2019, which relies on data collected by the Eurosystem.
The working group on euro risk-free rates (RFR WG) recommended replacing EONIA® with a new risk-free rate, as .
Based on the analyses performed in the context of the ‘’, and on the information about the overnight unsecured segment of the euro money market published by the European Central Bank (ECB), EMMI’s governing bodies decide that pursuing a thorough EONIA® Review Exercise is no longer appropriate.
2016 and 2017
EMMI organises a two-phase programme called the ‘’. The first phase sought to enhance the governance and control framework of EONIA®, and to align it with the requirements of the . The second phase included a data collection exercise to analyse EONIA®’s underlying activity dynamics and assess possible shortcomings.
EMMI publishes the daily aggregate EONIA® volume. The EONIA® historical data files were modified in order to include aggregate volume information, retrospectively from 2nd January 2016.
EONIA® was published for the first time on the evening of 4th January 1999, on the basis of the overnight unsecured lending transactions undertaken on that day in the EU and EFTA countries by the EONIA® Panel Banks.