Euro money market statistics: second maintenance period 2019

Daily average borrowing turnover in the unsecured segment increased from €124 billion in the first maintenance period of 2019 to €127 billion in the second
Weighted average overnight rate on borrowing transactions in the unsecured segment decreased from -0.41% to -0.42% for the wholesale sector and increased from -0.41% to -0.40% for the interbank sector
Daily average borrowing turnover in the secured segment remained unchanged at €349 billion, with a weighted average overnight rate of -0.48%

Data for daily average nominal borrowing and lending turnover in the secured and unsecured markets

Unsecured market

Data for weighted average rate for unsecured wholesale sector borrowing

In the latest maintenance period, which started on 13 March 2019 and ended on 16 April 2019, the borrowing turnover in the unsecured segment averaged €127 billion per day. The total borrowing turnover for the period as a whole was €3,180 billion.

Borrowing from credit institutions, i.e. on the interbank market, represented a turnover of €273 billion, i.e. 9% of the total borrowing turnover, and lending to other credit institutions amounted to €203 billion. Overnight borrowing transactions represented 51% of the total borrowing nominal amount. The weighted average overnight rate for borrowing transactions was -0.40% for the interbank sector and -0.42% for the wholesale sector, compared with -0.41% in the previous maintenance period.

Secured market

Data for weighted average rate for secured wholesale sector borrowing and lending

In the latest maintenance period, the borrowing turnover in the secured segment averaged €349 billion per day, while the total borrowing turnover for the period as a whole was €8,731 billion. Cash lending represented a turnover of €7,716 billion and the daily average amounted to €309 billion. Most of the turnover was concentrated in tenors ranging from overnight to up to one week, with overnight transactions representing around 22% and 23% of the total nominal amount on the borrowing and lending side respectively.

The weighted average overnight rate for borrowing and lending transactions was, respectively, -0.48% and -0.49% for the wholesale sector, compared with -0.49% and -0.50% respectively in the previous maintenance period.