Risk glossary
Risk glossary
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Eonia
The euro overnight index average (Eonia) is the rate at which eurozone banks will provide overnight interbank loans. It is currently the rate at which euro interest rate swaps are discounted, and the rate at which interest is paid on posted variation margin.
Eonia is likely to be superseded by a new rate from 2020 as it is unlikely to meet EU benchmark regulation requirements.
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