Benchmarks
FTSE Term €STR
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OVERVIEW
- FTSE Term €STR is a euro-denominated, forward-looking, risk-free reference rate offered in tenors of 1-week, 1-month, 3-month, 6-month, and 12-month.
- The euro risk-free rates working group suggests that market participants incorporate a forward-looking €STR term rate fallback into the following EURIBOR® products:
- Retail mortgages, consumer loans, and SME loans
- Trade finance
- Export and emerging markets finance products (where parties prefer to have predetermined interest rates and amounts)
- It is also noted that some participants might choose to apply a forward-looking €STR term rate fallback in specific corporate lending products.
- FTSE Term €STR is an official benchmark managed by Rate Benchmark Services (UK) Limited (RBSL) for utilization in financial agreements.
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FTSE Term €STR is a projected, risk-free benchmark rate offered in tenors of 1 week, 1 month, 3 months, 6 months, and 12 months, all denominated in euros.
The euro risk-free rates working group advises that market users integrate a forward-looking €STR term rate fallback into certain EURIBOR®-linked products, such as:
Retail mortgages, consumer loans, and SME loans
Trade finance
Export and emerging market finance products (where parties prefer to predetermine interest rates and amounts)
It also notes that some users might prefer a forward-looking €STR term rate fallback for specific corporate lending products.
FTSE Term €STR is an official benchmark maintained by Rate Benchmark Services (UK) Limited (RBSL) for application in financial agreements.
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