Migration to €ster reference rate 1 January 2022

EuroCCP will migrate to the €ster reference rate for interest compensation for EUR cash on 1 January 2022.

Please find below the new compensation rate effective as per January 1st 2022.

Mandatory Cash Collateral, SPR and SEA

Current compensation EUR cash: EONIA minus 60bps

New compensation EUR cash: ESTER minus 51.5bps

Clearing fund

Current compensation EUR cash: EONIA minus 55bps

New compensation EUR cash: ESTER minus 46.5bps

Should you have any questions relating to these changes please contact our relationship management team.