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target dates

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On 14 December 2000, the Governing Council of the European Central Bank (ECB) has decided that, from 2002 until further notice, the Trans-European Automated Real-time Gross settlement Express Transfer (TARGET) system will be closed, in addition to Saturdays and Sundays, on the following days:
  • New Year's Day
  • Good Friday (Catholic/Protestant)
  • Easter Monday (Catholic/Protestant)
  • 1 May (Labour Day)
  • Christmas Day
  • 26 December

For further information, please visit the Website of the ECB.

Charts

EURIBOR-EBF » EUREPO® » Eurepo®

About Eurepo®

A single reference rate for a unified Euro G.C. Repo Market

Today's fixings



  • tn
    0.234
    (03/02/2012)
  • 1w
    0.213
    (03/02/2012)
  • 2w
    0.201
    (03/02/2012)
  • 3w
    0.193
    (03/02/2012)
  • 1m
    0.181
    (03/02/2012)
  • 2m
    0.171
    (03/02/2012)
  • 3m
    0.162
    (03/02/2012)
  • 6m
    0.169
    (03/02/2012)
  • 9m
    0.172
    (03/02/2012)
  • 12m
    0.179
    (03/02/2012)


Since the introduction of the Euro, the European repo markets have developed significantly, with more and more emphasis on cross border financing trades. This has led to an increasingly homogenous Euro-denominated General Collateral (‘GC’) market.

Sponsored by European Banking Federation (EBF), voice of the European banking sector (European Union & European Free Trade Association countries), the Eurepo®is the rate at which, at 11.00 a.m. Brussels time, one bank offers, in the euro-zone and worldwide, funds in euro to another bank if in exchange the former receives from the latter the best collateral within the most actively traded European repo market.

3 years after its creation, ECB’s President Trichet quoted:
"The growing repo market is still somewhat less integrated than the unsecured segment which is fully integrated, but integration progresses. The creation of the EUREPO® index - the benchmark for secured money market transactions in the euro area - three years ago was an important market initiative for promoting the repo market’s integration. Anecdotal evidence collected via market survey from counterparties active in the repo market suggests that the share of euro area cross-border transactions increased further to around 30% in December 2004." (New York, 19 April 2005).

Eurepo® publication details can be found at FAQs.