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- June 2017: EMMI consults stakeholders on a new reference rate for the Euro Repo Market
- May 2017: KBC withdrew from the EONIA Panel after their last contribution on Friday 9 June 2017
- May 2017: UBI Banca withdrew from the EONIA Panel after their last contribution on Wednesday 31 May 2017
- May 2017: EMMI publishes the Euribor Pre-Live Verification Programme outcome
About USD Euribor®
USD Euribor® was the rate at which USD interbank term deposits were offered by one panel bank to another panel bank at 11.00 a.m. Brussels time. All maturities, other than overnight, were quoted for spot value (two US working days) and on an actual / 360 day basis.
In September 2013 Euribor-EBF (now EMMI) announced the discontinuation of the USD Euribor index. Following a consultation amongst panel banks published on the EMMI website on 8 July, it is considered that the discontinuation of the index should have no impact on legacy or prospective contracts given the limited level of diffusion of this index.
The USD Euribor index had been launched on 2 April 2012 following a demand from a large number of European banks. Composed of 20 European and International banks, including Chinese and Turkish banks, its aim was to reflect the dollar funding cost in the interbank market with a panel.