EONIA serves as the overnight reference rate for the eurozone interbank market, reflecting the weighted average of all overnight unsecured lending transactions in the interbank market as reported by a panel of contributing banks.
EURONIA, or Euro Overnight Index Average, is a reference rate computed as a weighted average of euro overnight funding rates in the London interbank market. It serves as a benchmark for short-term interest rates in the European financial markets.
The interest rate at which major banks lend to one another on the overnight market, typically utilized for short-term funding. Indexes of the average overnight rate, such as SONIA and EONIA, provide key reference rates in financial markets.
A Reference Rate is an interest rate benchmark used as a basis for pricing financial products such as loans, mortgages, and derivatives. It is crucial for consistent pricing across financial markets.
SONIA, an acronym for Sterling Overnight Index Average, is a reference rate computed as a weighted average of sterling overnight funding rates in the interbank market.
