Euro Overnight Index Average

(redirected from Eonia)
Also found in: Acronyms, Wikipedia.

Euro Overnight Index Average

The weighted average EURIBOR, which is the interest rate European banks charge one another on overnight loans. The European Central Bank calculates the EONIA each day.
References in periodicals archive ?
Additionally, for the purpose of enhancing transparency, while not strictly necessary, new contracts signed before October 2019 should ideally include clarification that the EONIA methodology is expected to change as of 2 October 2019 and that references in contracts to EONIA shall be understood to be references to EONIA as changed, unless otherwise agreed by the parties.
Beirne, J., 2012, "The EONIA Spread Before and During the Crisis of 2007-2009: The Role of Liquidity and Credit Risk," Journal of International Money and Finance, 31, 534-551.
Eurozone PMI and data on three year LTRO payments will finally convince the markets that Mario Draghi, not Herr Weidmann, will win the contest over the next ECB rate cut, a scenario not priced into the Euro at 1.33 and the Eonia. The Italian election, with Berlusconi and a comedian on the list, is not exactly Euro bullish, nor are the politics of Spain and Greece (Tspiras).
(11) European OIS contracts are indexed to the Euro OverNight Index Average (EONIA), or the average uncollateralized rate that banks lend to each other overnight.
At one point, the central banker did seem to acknowledge somewhat her ignorance on Libor, excusing it by the fact that her previous work had been overseeing Eonia, a different benchmark rate used for euro transactions.
In the euro-area banking market, the relevant spread is that between the European interbank offer rate (EURIBOR) and the euro overnight index average (EONIA) swap rate.
El segmento al contado del mercado interbancario que mas se ha desarrollado es el mercado de las operaciones sin garantias debido a su alto grado de actividad y de liquidez, se concentra mayoritariamente en el vencimiento a un dia y utiliza como tipos de referencia el Eonia (2) y el Euribor.
As a consequence, Eonia (the overnight rate) has slumped to about 0.35% since early July.
Almost as soon as EMU was launched, interest rates on inter-bank deposits and derivative contracts across the Euro Area converged fully on the benchmark Euribor and Eonia rates.
Indicators of financial market stress Routine: Turmoil: before Aug 2007 August 2007 to 12 Sep 2008 Standard Standard Average deviation Average deviation Bank credit default swap rates (1) United States 21 6 158 97 Euro Area 13 4 79 33 United Kingdom 10 3 97 33 Three-month Treasury euro dollar spread 39 22 125 38 Three-month EURIBOR- EONIA swap index spread 6 1 62 16 Crisis: 15 Sep to Latest 14 Oct 2008 observation: 11 Nov 2008 Standard Average deviation Bank credit default swap rates (1) United States 271 60 157 Euro Area 170 24 140 United Kingdom 177 33 128 Three-month Treasury euro dollar spread 321 81 210 Three-month EURIBOR- EONIA swap index spread 118 41 166 (1.) An average of 5-year credit default swap rates on bank's senior debt.
Benchmark overnight EONIA rates fixed at 4.187pc and three-month interbank rates hit three-month highs in euros and sterling.
EONIA and EURIBOR have provided the market with uniform benchmarks that are fully accepted by all market participants.