Unsecured euro money market borrowing down
22 February 2018 Frankfurt
Image: Shutterstock
Unsecured euro money market borrowing has dropped slightly, according to figures issued by the European Central Bank (ECB).
Daily average borrowing turnover in the unsecured segment fell from 鈧�112 billion in the ECB鈥檚 seventh reserve maintenance period to 鈧�110 billion in its eighth such period, which started on 20 December 2017 and ended on 30 January 2018. 鈥�
The weighted average overnight rate on borrowing transactions remained unchanged at 鈭�0.40 percent for the wholesale sector and fell from 鈭�0.39 percent to 鈭�0.42 percent for the interbank sector.
The total borrowing turnover for the period as a whole was 鈧�2,969 billion.
Borrowing from other credit institutions, on the interbank market, represented a turnover of 鈧�325 billion, which is 11 percent of the total borrowing turnover, and lending to other credit institutions amounted to 鈧�286 billion.
Borrowing overnight transactions represented 48 percent of the total borrowing nominal amount.
The Eurosystem collects transaction-by-transaction information from the 52 largest euro area banks in terms of the banks鈥� total main balance sheet assets, broken down by their borrowing from and lending to other counterparties.
Transactions include all trades concluded via deposits, call accounts or short-term securities with financial counterparties including banks, the government sector and non-financial corporations.
Daily average borrowing turnover in the unsecured segment fell from 鈧�112 billion in the ECB鈥檚 seventh reserve maintenance period to 鈧�110 billion in its eighth such period, which started on 20 December 2017 and ended on 30 January 2018. 鈥�
The weighted average overnight rate on borrowing transactions remained unchanged at 鈭�0.40 percent for the wholesale sector and fell from 鈭�0.39 percent to 鈭�0.42 percent for the interbank sector.
The total borrowing turnover for the period as a whole was 鈧�2,969 billion.
Borrowing from other credit institutions, on the interbank market, represented a turnover of 鈧�325 billion, which is 11 percent of the total borrowing turnover, and lending to other credit institutions amounted to 鈧�286 billion.
Borrowing overnight transactions represented 48 percent of the total borrowing nominal amount.
The Eurosystem collects transaction-by-transaction information from the 52 largest euro area banks in terms of the banks鈥� total main balance sheet assets, broken down by their borrowing from and lending to other counterparties.
Transactions include all trades concluded via deposits, call accounts or short-term securities with financial counterparties including banks, the government sector and non-financial corporations.
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