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Euronext - EONIA > Mercado EONIA |
 | | EONIA is short for Euro Over-Night Index Average, and is compiled by the European Central Bank (ECB). |
 | | The banks contributing to this index, known as the EONIA Panel, are the same panel banks which contribute to EURIBOR. As such, EONIA is representative of the vast majority of euro-denominated over-night lending. |
 | | The importance of EONIA goes far beyond its usefulness to the ECB and, ever since it was first published, EONIA has been a useful tool for the trading community as it is used as the underlying rate of numerous derivatives transactions. EONIA spin-offs include the Overnight Indexed Swap (OIS) market. |
| www.euronext.com /editorial/wide/0,5371,200285102_203990923,00.html (589 words) |
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