Euro money market statistics: Third maintenance period 2022

Daily average borrowing turnover in the unsecured segment decreased from €137 billion in the second maintenance period of 2022 to €129 billion in the third maintenance period of 2022
Weighted average overnight rate on borrowing transactions in the unsecured segment increased from -0.56% to -0.55% for the wholesale sector and decreased from -0.58% to -0.59% for the interbank sector
Daily average borrowing turnover in the secured segment increased from €404 billion to €413 billion, with a weighted average overnight rate of -0.74%

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 third maintenance period of 2022, which started on 20 April 2022 and ended on 14 June 2022, the borrowing turnover in the unsecured segment averaged €129 billion per day. The total borrowing turnover for the period as a whole was €5,143 billion. Borrowing from credit institutions, i.e. on the interbank market, represented a turnover of €430 billion, i.e. 8% of the total borrowing turnover. Lending to credit institutions amounted to €310 billion. Overnight borrowing transactions represented 68% of the total borrowing nominal amount. The weighted average overnight rate for borrowing transactions was -0.59% for the interbank sector and -0.55% for the wholesale sector, compared with -0.58% and -0.56% respectively in the previous maintenance period.

Secured market

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

In the third maintenance period of 2022, the borrowing turnover in the secured segment averaged €413 billion per day, while the total borrowing turnover for the period as a whole was €16,509 billion. Cash lending represented a turnover of €13,760 billion and the daily average amounted to €344 billion. Most of the turnover was concentrated in tenors ranging from overnight to up to one week, with overnight transactions representing around 26% and 24% of the total nominal amount on borrowing and lending side respectively. The weighted average overnight rate for borrowing and lending transactions was, respectively, -0.74% and -0.71% for the wholesale sector, compared with -0.64% and -0.68% in the previous maintenance period. In the third maintenance period of 2022, the weighted average rate for spot/next borrowing transactions ranged from -0.64% for operations based on collateral issued in Italy to -0.85% for operations based on collateral issued in Germany.