Refinitiv Term €STR

Refinitiv Term €STR Prototype Disclaimer

2022 © Refinitiv. All rights reserved. This is a prototype of the Refinitiv Term €STR (“Term €STR Prototype”) and is provided for informational purposes only.  Refinitiv Limited, its affiliates (“Refinitiv”) and its third party providers (together “Refinitiv and Third Parties”) do not guarantee the quality, accuracy and/or completeness of the Term €STR Prototype or any data included therein.  Refinitiv and Third Parties make no express or implied warranties, representations or guarantees concerning the accuracy or completeness of the Term €STR Prototype or as to the results to be obtained by you, or any other person or entity from the use of the Term €STR Prototype or any data included therein. The Term €STR Prototype is provided by Refinitiv on an “as is” basis and in no event shall Refinitiv and Third Parties have any liability for any loss of profits, special, punitive indirect, incidental, or consequential relating to any use of or reliance on the Term €STR Prototype or any data included therein.

No information provided, displayed or contained in the Term €STR Prototype is intended to be, or should be construed or used as a benchmark, whether as a reference rate in financial instruments, financial contract or for valuation and pricing activities ("Prohibited Use").  Whether you have entered into a contract with Refinitiv or not, you are not permitted to access or use in any way such information for the Prohibited Use and may breach the Benchmark Regulation and/or any contract with Refinitiv if you do. Refinitiv does not warrant that the Term €STR Prototype is provided in accordance with the Benchmark Regulation.  "Benchmark Regulation" means, in respect of the EEA, EU Regulation 2016/1011, in respect of the UK, the UK benchmark regulation and in respect of another country, the equivalent legislation. If you are in any doubt about the meaning of Prohibited Use or your obligations under the Benchmark Regulation, you should seek professional advice. 

The Euro Short-Term Rate (“€STR”) calculated, maintained and published by the European Central Bank (“ECB”) on its website and via the Market Information Dissemination (“MID”) platform and the ECB’s Statistical Data Warehouse, is available free of charge and used by Refinitiv as an input into the Term €STR Prototype, subject to the ECB’s Terms of Use available at ecb.europa.eu. The ECB is the administrator of the €STR benchmark and the intellectual property owner of the “€STR” mark. The ECB has overall responsibility for providing €STR which reflects the wholesale euro unsecured overnight borrowing costs of euro area banks. The ECB has no affiliation with Refinitiv, is in no way responsible for the calculation, maintenance, or publication of the Term €STR Prototype and shall in no event have any liability for any use of, or reliance on, the Term €STR Prototype or any data included therein. The ECB in no way guarantees the timeliness, accurateness, completeness of, or fitness for a particular purpose and accepts no liability or responsibility for any loss, damage, expense or claim (including, but not limited to any direct, indirect or consequential loss, whether or not such loss is foreseeable and whether or not the ECB has been apprised of the use to which the rate or the information will be put), however arising, from reliance on, use of or inability to use any data or information in connection with €STR. Refinitiv’s use of €STR data and the “€STR” mark does not imply or express any approval, endorsement or recommendation by the ECB of any products or services offered by Refinitiv.

EURIBOR® is the registered trademark of and used under licence of EMMI a.i.s.b.l. The source of EURIBOR® data is the EMMI.

This disclaimer is subject change from time to time without notice from Refinitiv.