Second public consultation by the working group on euro risk-free rates on determining an ESTER-based term structure methodology as a fallback in EURIBOR-linked contracts
This consultation gives interested parties the opportunity to comment on the assessment of alternative ESTER-based term structure methodologies that can serve as a fallback for EURIBOR-linked contracts, as well as on their specific use cases.
Deadline for submitting comments: 17:00 CET on 1 February 2019
Only comments received by this deadline will be considered.
The working group expects that the feedback on this consultation document will provide valuable input for recommending risk-free term rates as (fallback) reference rates for different financial products. It also expects the feedback from this consultation to help in assessing the suitability of a one-size-fits-all (vis-à-vis product-specific) approach for a fallback rate.
As part of the subsequent evaluation, the working group will assess various factors impinging on a broad-based market adoption of the recommended term risk-free rate, including hedging and accounting issues, and will address the issue of the credit spread difference between EURIBOR and ESTER-based curves.
The working group plans to make its recommendation on risk-free term rates as (fallback) reference rates for different financial products in spring 2019.
Submit your comments in English by 17:00 CET on 1 February 2019 using this form:
Send your comments to: EuroRFR@ecb.europa.eu
After the consultation period closes, an anonymised summary of the replies will be published on this webpage.