ECB Selects STOXX GC Pooling Indices as Benchmark Rate

The European Central Bank (ECB) has elected to use the STOXX EUR GC Pooling index as its new euro secured benchmark rate for fixed term deposits.
By Joe Parsons(2147488729)
The European Central Bank (ECB) has elected to use the STOXX EUR GC Pooling index as its new euro secured benchmark rate for fixed term deposits.

The index is calculated by STOXX, a global index providers owned by Deutsche Boerse, and are based on secured euro funding transactions taking place on Eurex Repo’s GC Pooling market.

“We are very pleased that the European Central Bank is going to use our STOXX EUR GC Pooling indices as it validates our approach and concept. Our transparent, rules-based and reliable benchmark for the interbank market contributes to regain trust in reference interest rates,” says Hartmut Graf, CEO, STOXX.

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