Users of EONIA-linked instruments are advised to start preparing for a one-day delay in the publication of the benchmark that comes into effect from October. “Our batches on these products are often run through the night, and now they have to be run through the day. The move from T to T+1 results from changes recommended by the Working Group on euro RFRs, which require EMMI to delay publication of EONIA until after ESTR has published, which will be T+1. The one-day lag will impact portfolio calculations and may also necessitate the re-papering of some longer-term contracts. In addition, the European Commission is expected to publish its proposal for an EU-wide framework regulation governing financial derivatives next week.
Users of EONIA-linked instruments are advised to start preparing for a one-day delay in the publication of the benchmark that comes into effect from October. The move from T to T+1 results from changes recommended by the Working Group on euro RFRs, which require EMMI to delay publication of EONIA until after ESTR has published, which will be T+1. The one-day lag will impact portfolio calculations and may also necessitate the re-papering of some longer-term contracts. In addition, the European Commission is expected to publish its proposal for an EU-wide framework regulation governing financial derivatives next week.