Updated 22/10/2024
In force

Initial Legal Act
Amendments
Search within this legal act

Article 1 - Replacement of EONIA

Article 1

Replacement of EONIA

1.   The Euro short-term rate (€STR) as published by the European Central Bank is designated as the replacement rate for the Euro overnight index average (EONIA) in references to EONIA in any contract, and in any financial instrument as defined in Directive 2014/65/EU.

2.   The fixed spread adjustment that shall be added to the replacement rate designated pursuant to paragraph 1 shall be equal to 8,5 basis points.

3.   The replacement rate for EONIA shall be designated in accordance with the following table:

Replaced benchmark

Replacement Rate

Spread Adjustment Value (%)

EONIA

ISIN EU0009659945

Euro short-term rate (€STR)

ISIN EU000A2X2A25

0,085