Outcome of EONIA-based Benchmark Cessation Consultation

Outcome of EONIA-based Benchmark Cessation Consultation

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TP ICAP & Moorgate Benchmarks recently consulted stakeholders regarding the proposed cessation of the EONIA-linked screen (EUR Basis Swap EONIA vs 3m EURIBOR Swap Rates-A/360) as an FCA-registered benchmark regulated under the UK BMR. No dissenting opinions were received during the consultation period, and therefore Moorgate Benchmarks and TP ICAP notify stakeholders that the abovementioned EONIA-linked screen will cease to be a benchmark from the 11th March 2022.

This decision has been taken in light of EONIA cessation as a regulated benchmark, and the subsequent reduction in trading volumes.

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