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 €112 billion in the ECB’s seventh reserve maintenance period to €110 billion in its eighth such period, which started on 20 December 2017 and ended on 30 January 2018. 

The weighted average overnight rate on borrowing transactions remained unchanged at −0.40 percent for the wholesale sector and fell from −0.39 percent to −0.42 percent for the interbank sector.
The total borrowing turnover for the period as a whole was €2,969 billion.
Borrowing from other credit institutions, on the interbank market, represented a turnover of €325 billion, which is 11 percent of the total borrowing turnover, and lending to other credit institutions amounted to €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’ 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 €112 billion in the ECB’s seventh reserve maintenance period to €110 billion in its eighth such period, which started on 20 December 2017 and ended on 30 January 2018. 

The weighted average overnight rate on borrowing transactions remained unchanged at −0.40 percent for the wholesale sector and fell from −0.39 percent to −0.42 percent for the interbank sector.
The total borrowing turnover for the period as a whole was €2,969 billion.
Borrowing from other credit institutions, on the interbank market, represented a turnover of €325 billion, which is 11 percent of the total borrowing turnover, and lending to other credit institutions amounted to €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’ 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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