It has said it will start using ESTR to discount EURIBOR - based interest rate swaps in Q2 2020 . The clearinghouse plans to use a flat version of the swap with no additional spread and to make a one - off cash payment to compensate any market participants disadvantaged by the switch .
Eurex has said it will start using ESTR to discount EURIBOR-linked interest rate swaps in Q2 2020. The clearinghouse plans to use a flat version of the rate with no additional spread and will make a one-off cash payment to compensate any market participants disadvantaged by the switch.