December 2, 2022


1 March 2022

Chart 1

Day by day common nominal borrowing and lending turnover within the secured and unsecured wholesale markets by upkeep interval (MP)

(EUR billions)


Information for day by day common nominal borrowing and lending turnover within the secured and unsecured markets

Unsecured market

Chart 2

Weighted common fee for wholesale sector borrowing within the unsecured section by tenor and upkeep interval

(percentages)


Information for weighted common fee for unsecured wholesale sector borrowing

Within the eighth upkeep interval of 2021, which began on 22 December 2021 and ended on 8 February 2022, the borrowing turnover within the unsecured section averaged €127 billion per day. The whole borrowing turnover for the interval as a complete was €4,436 billion. Borrowing from credit score establishments, i.e. on the interbank market, represented a turnover of €348 billion, i.e. 8% of the overall borrowing turnover. Lending to credit score establishments amounted to €227 billion. In a single day borrowing transactions represented 66% of the overall borrowing nominal quantity. The weighted common in a single day fee for borrowing transactions was -0.57% for the interbank sector and -0.56% for the wholesale sector, each the identical as within the earlier upkeep interval.

Secured market

Chart 3

Weighted common fee for wholesale sector borrowing and lending within the secured section by tenor

(percentages)


Information for weighted common fee for secured wholesale sector borrowing and lending

Within the eighth upkeep interval of 2021, the borrowing turnover within the secured section averaged €370 billion per day, whereas the overall borrowing turnover for the interval as a complete was €12,958 billion. Money lending represented a turnover of €10,340 billion and the day by day common amounted to €295 billion. Many of the turnover was concentrated in tenors starting from in a single day to as much as one week, with in a single day transactions representing round 24% and 22% of the overall nominal quantity on borrowing and lending facet respectively. The weighted common in a single day fee for borrowing and lending transactions was, respectively, -0.68% and -0.71% for the wholesale sector, in contrast with -0.60% and -0.62% within the earlier upkeep interval. Within the eighth upkeep interval of 2021, the weighted common fee for spot/subsequent borrowing transactions was strongly influenced by year-end developments and ranged from -0.71% for operations based mostly on collateral issued in Italy to -0.87% for operations based mostly on collateral issued in Germany.

Chart 4

Weighted common fee for spot/subsequent borrowing within the secured section for collateral issued by upkeep interval (MP)

(percentages)


Information for weighted common fee for secured wholesale sector borrowing by collateral issuer nation

Desk 1

Euro cash market statistics

Turnover (EUR billions)

Common fee O/N (percentages)

Day by day common

Whole

MP 7 2021

MP 8 2021

MP 7 2021

MP 8 2021

MP 7 2021

MP 8 2021

Unsecured

Borrowing, wholesale

120

127

4,193

4,436

-0.56

-0.56

Of which, interbank

12

10

413

348

-0.57

-0.57

Lending, interbank

6

6

226

227

-0.43

-0.42

Secured

Borrowing, wholesale

390

370

13,642

12,958

-0.60

-0.68

Lending, wholesale

313

295

10,945

10,340

-0.62

-0.71

For media queries, please contact Philippe Rispal, tel.: +49 69 1344 5482.

Notes

  • The cash market statistics can be found within the ECB’s Statistical Information Warehouse.
  • The Eurosystem collects transaction-by-transaction info from the 47 largest euro space banks when it comes to banks’ complete primary steadiness sheet property, damaged down by their borrowing from and lending to different counterparties. Unsecured transactions embody all trades concluded through deposits, name accounts or short-term securities with monetary companies (besides central banks the place the transaction just isn’t for funding functions), common authorities in addition to with non-financial companies categorised as “wholesale” underneath the Basel III LCR framework. Secured transactions cowl all fixed-term and open-basis repurchase agreements and transactions entered into underneath these agreements, together with tri-party repo transactions, denominated in euro with a maturity of as much as one 12 months, between the reporting agent and monetary companies (besides central banks the place the transaction just isn’t for funding functions), common authorities in addition to non-financial companies categorised as wholesale underneath the Basel III liquidity protection ratio framework. As of the primary upkeep interval of 2019, the wholesale sector covers all counterparties within the sectors listed above. Extra info on the methodology utilized, together with the checklist of reporting brokers, is offered within the statistics part of the ECB’s web site.
  • The weighted common fee is calculated because the arithmetic imply of the charges weighted by the respective nominal quantity over the upkeep interval on all days on which TARGET2, the Trans-European Automated Actual-time Gross settlement Specific Switch system, is open.
  • Borrowing refers to transactions by which the reporting financial institution receives euro-denominated funds, regardless of whether or not the transaction was initiated by the reporting financial institution or its counterpart.
  • Lending refers to transactions by which the reporting financial institution gives euro-denominated funds, regardless of whether or not the transaction was initiated by the reporting financial institution or its counterpart.
  • The tenors O/N, T/N, S/N, 1W, 3M, 6M and 12M confer with, respectively, in a single day, tomorrow/subsequent, spot/subsequent, one week, three months, six months and twelve months.
  • The collateral issuer nation refers back to the jurisdiction that points the collateral used for transactions secured by single collateral recognized by an Worldwide Securities Identification Quantity.
  • The lacking values for tenors in a number of the reserve upkeep durations could also be on account of confidentiality necessities.
  • Along with the developments within the newest upkeep interval, this press launch incorporates minor revisions to the info for earlier durations.
  • Information are printed 15 working days after the top of every upkeep interval. The discharge calendar and the indicative calendars for the Eurosystem’s reserve upkeep durations can be found on the ECB’s web site.
  • The subsequent press launch on euro cash market statistics will likely be printed on 5 April 2022.



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