Refinitiv launches prototype forward-looking €STR term rate
Read the full press release
An overview of Refinitiv Term €STR
The Refinitiv Term €STR prototype is a forward-looking, risk-free reference rate available in 1-week, 1-month, 3-month, 6-month and 12-month tenors denominated in euros.
The working group on euro risk-free rates recommends market participants include a forward looking €STR term rate based fallback into the following EURIBOR® referencing products:
- Retail mortgages, consumer loans and SME loans
- Trade finance
- Export and emerging markets finance products (where counterparties prefer to know the interest rates and amounts in advance)
It also identifies that some participants may want to use a forward looking €STR term rate based fallback in select corporate lending products.
Features & benefits
What you get with Refinitiv Term €STR
- Accurate - We source overnight index swap (OIS) quote data from a major electronic market
- Persistent - We adopt a waterfall methodology, allowing publication of the rate in challenging market conditions.
- Anti-gaming - We conduct pre-publication quality checks, have numerous anti-gaming methodology features
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.
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.
How it works
Accessing the dataset
This dataset can be used by the following products. Talk to us to learn more about different packages and offerings.
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Data Formats: JSON
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Data Formats: HTML
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Data Formats: CSV ･ JSON ･Python ･ User Interface ･ XML
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Data Formats: XML
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Data Formats: CSV
Refinitiv Workspace delivers a powerful combination of information, analytics and exclusive news on financial markets – delivered in an elegant and intuitive desktop and mobile interface.
Data Formats: CSV ･ JSON ･User Interface ･ Python
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