EONIA definition

EONIA means the interest rate at which banks of sound financial standing in the European Union and European Free Trade Area countries lend funds in the interbank money market in euro as, published by the European Money Markets Institute and appearing on the Bloomberg page EONIA Index or any substituted publication and/or page therefor in respect of that day or the immediately preceding day for which it had a value, or, if not available, ascertained from any other source as the Margin Loan Provider may deem appropriate.

EONIA means, in respect of any day, the level of the euro overnight index average provided by the European Money Markets Institute as administrator of the benchmark (or a successor administrator) in respect of that day, if that day is a TARGET Business Day, or in respect of the TARGET Business Day immediately preceding that day, if that day is not a TARGET Business Day.”.

EONIA means the Euro Overnight Index Average.

Examples of EONIA in a sentence

• EONIA Discounted Value means, in relation to an Impacted FCM SwapClear Contract, the net present value, as of the end of the Business Day in New York on the €STR Calculation Date, of all future cash flows under that Impacted FCM SwapClear Contract calculated using EONIA as the discounting rate for the purpose of constructing the zero coupon yield curves under 2.1.7 of the FCM Procedures (with the future cash flows calculated in the same manner as for the determination of the €STR Discounted Value).

• If the net present value represents an asset or positive value for the Clearing House, such EONIA Value shall be a positive amount and if the net present value represents a liability or negative value for the Clearing House, such EONIA Value shall be a negative amount.

• For the purposes of this Annex: Amended EONIA Contract means each EONIA Contract after giving effect to the amendments made pursuant to Section 3 of this Annex.

• EONIA Value means, in relation to an EONIA Contract, the net present value, determined by the Clearing House by reference to the Clearing House’s zero coupon yield curves as of the time specified in Section 2.1.7 of these Procedures on the Conversion Date, of all future cash flows under that EONIA Contract on the basis that such EONIA Contract is an Unamended EONIA Contract.

• Cash Compensation Amount means, in relation to the EONIA Contracts in a Proprietary Account or an FCM Client Sub-Account, the amount determined in accordance with Section 5 below.

More Definitions of EONIA

EONIA means the euro overnight index average (EONIA) as calculated and published by the European Central Bank.

EONIA means in relation to a RepoClear Contribution, the overnight rate as calculated by the European Central Bank and appearing on the Reuters Screen EONIA Page (or, if such a rate is not available, such EONIA-linked rate as may be determined in light of market conditions at such time by the Clearing House and notified by the Clearing House to Clearing Members)

EONIA means for any day, the reference rate equal to the overnight rate as calculated by the Banking Federation of the European Union, if such day is a Business Day, on such Business Day or, if such day is not a Business Day, on the first Business Day following that day, at or about 7 p.m. Brussels time on such Business Day and which appears for information purposes on the Reuters Screen EONIA (or its successor sources) (or, if not available, any other display page on any screen service maintained by any registered information vendor (including, without limitation, the Reuter Monitor Money Rate Service, the Dow Jones Telerate Service and the Bloomberg Service) for the display of the EONIA rate selected by the Administrator).

EONIA means the euro overnight index average rate; “Euroclear” means Euroclear Bank SA/NV;

EONIA means the Euro Overnight Index Average, being a weighted average rate of interest of euro-denominated overnight unsecured lending transactions in the inter-bank market calculated on each business day by the European Central Bank.

EONIA means (i) the applicable overnight rate calculated by the Banking Federation of the European Union for the relevant Business Day, displayed on the EONIA Screen of Reuters, or such other display as may replace page 247 on the EONIA Screen of Reuters, displaying the appropriate rate or (ii) if no such rate is displayed on such EONIA Screen or other display, the arithmetic mean of the rates (rounded upwards to four decimal places) as quoted by Citibank N.A. to leading banks in the European interbank market, at or about 7.00 p.m. Central European time on such day for the offering of deposits in euro for the period from one Business Day to the immediately following Business Day and, in relation to a day that is not a Business Day, EONIA for the immediately preceding Business Day.

EONIA means the underlying interest is the rate at which banks of sound financial standing in the European Union and European Free Trade Area (EFTA) countries lend funds in the interbank money market in euro. Prior to 1 October 2019, EONIA was computed as a weighted average of overnight unsecured lending transactions in the EU and EFTA interbank market. Since 1 October 2019, EONIA is calculated with a reformed methodology tracking the €STR, the new euro short- term rate of the European Central Bank (ECB), as defined below. Under the reformed methodology, EONIA is calculated as the €STR plus a spread of 8.5 basis points;