RepoFunds Rate

  • Benchmark backed by BrokerTec and MTS trades
  • Secured one-day interest rates
  • Published for combined Eurozone and individual Austrian, Belgian, Dutch, Finnish, French, German, Italian, Portugese and Spanish government bond markets

About RepoFunds Rate

RepoFunds Rate ("RFR") is a series of daily euro repo benchmarks comprising RFR Euro, RFR Austria, RFR Belgium, RFR Finland, RFR France, RFR Germany, RFR Italy, RFR Netherlands, RFR Portugal and RFR Spain. The benchmarks are calculated from trades executed on either the BrokerTec or the MTS electronic platforms. All eligible repo trades are centrally cleared and RepoFunds Rate is calculated and published by CME Group Benchmark Administration.

Each benchmark is calculated with repo trades that use sovereign government bonds as collateral. Trades using sovereign bonds issued by any Eurozone country are eligible for RFR Euro. Country-specific RFR benchmarks are calculated with trades using sovereign bonds issued by the relevant country only. All benchmarks are denominated in euros.

Euro Repo Market

Repo transactions are used for borrowing and lending on a secured basis and for financing and covering bond positions. Overall daily volumes in eurozone sovereign repos typically exceed €300 billion (single count), with volume being split between general collateral and specific collateral repo trades.

 

By including both general collateral and suitable specific collateral repo trades, RepoFunds Rate provides a unique insight into current repo rates and market volumes and reflects the overall cost of funding achieved by the market.

Benchmark Governance

RepoFunds Rate is registered as a regulated data, non-significant benchmark under the EU Benchmarks regulation and CME Group Benchmark Administration is the registered benchmark administrator.

The administrator operates to a full oversight committee as the RepoFunds Rate oversight function. The committee provides an independent challenge to the integrity of the benchmark.

RepoFunds Rate commercial policy

To view the data in real time or for commercial usage of RFR a license is required, please see the RFR pricing guide and contact indices@nexdata.com with any questions you may have.

CME Group Benchmark Administration is a regulated benchmark administrator, authorised and supervised by the UK Financial Conduct Authority (FCA). The RepoFunds Rate family of benchmarks are registered under EU Regulation 2016/1011.

Data resource

Benchmark Statement
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Factsheet
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Methodology
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Additional Information
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Daily updated benchmark file values CSV
Download RFR Euro
Download RFR Austria
Download RFR Belgium
Download RFR Finland
Download RFR France
Download RFR Germany
Download RFR Italy
Download RFR Netherlands
Download RFR Portugal
Download RFR Spain
Contact: indices@nexdata.com
Bloomberg: REPF

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Daily updated benchmark file values: Euro

For further information, please contact indices@nexdata.com.

 

Daily updated benchmark file values: Germany

For further information, please contact indices@nexdata.com.

 

Daily updated benchmark file values: France

For further information, please contact indices@nexdata.com.

 

Daily updated benchmark file values: Italy

For further information, please contact indices@nexdata.com.

 

Daily updated benchmark file values: Spain

For further information, please contact indices@nexdata.com.

 

Daily updated benchmark file values: Netherlands

For further information, please contact indices@nexdata.com.

 

Daily updated benchmark file values: Belgium

For further information, please contact indices@nexdata.com.

 

Daily updated benchmark file values: Austria

For further information, please contact indices@nexdata.com.

 

Daily updated benchmark file values: Finland

For further information, please contact indices@nexdata.com.

 

Daily updated benchmark file values: Portugal

For further information, please contact indices@nexdata.com.