FTSE Term €STR 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.
FTSE Term €STR is a production benchmark administered by Refinitiv Benchmark Services (UK) Limited (RBSL) for use in financial contracts.
FTSE Term €STR is available through the full suite of LSEG products, including Eikon®, LSEG Real-Time and DataScope, using the following RICs:
- FTSE Term €STR spot-week: EURTRRSW=RFTB
- FTSE Term €STR 1-month: EURTRR1M=RFTB
- FTSE Term €STR 3-month: EURTRR3M=RFTB
- FTSE Term €STR 6-month: EURTRR6M=RFTB
- FTSE Term €STR 12-month: EURTRR1Y=RFTB
Complete this form to access the rates
View FTSE Term €STR
|Date||1 Week||1 Month||3 Month||6 Month||12 Month|
|05 Dec 2023||3.900||3.900||3.897||3.784||3.433|
Note: Rates published on the FTSE Russell consumer website are subject to a one business day delay.
What you get with FTSE Term €STR
- Accurate - We source €STR overnight index swap (OIS) quote data from Tradeweb and €STR OIS executed trades from LCH
- 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
If you have not signed up to a licensing agreement with LSEG for the use of Term €STR you are not permitted to use Term €STR for any Commercial Purposes. “Commercial Purposes” includes but is not limited to (i) using Term €STR as a reference rate in financial instruments, financial contracts or for valuation and pricing activities, (ii) using Term €STR as an input into a benchmark or an index or otherwise, (iii) this website being accessed by or on behalf of the same group of companies at least once per month for 3 consecutive months for the purpose of viewing or downloading Term €STR. We may use your personal data in order to determine whether we believe you are using the Term €STR for Commercial Purposes and, if we reasonably believe this is the case, we may contact you in order to arrange for a licensing agreement to be put in place.
London Stock Exchange Group plc, its affiliates (“LSEG”) and its third-party providers (together “LSEG and Third Parties”) do not guarantee the quality, accuracy and/or completeness of the Term €STR or any data included therein. LSEG and Third Parties make no express or implied warranties, representations or guarantees concerning the accuracy or completeness of the Term €STR or as to the results to be obtained by you, or any other person or entity from the use of the Term €STR or any data included therein. The Term €STR is provided by LSEG on an “as is” basis and in no event shall LSEG 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 or any data included therein.
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 LSEG.