- Daily average borrowing turnover in the unsecured segment decreased from €126 billion in the third maintenance period of 2019 to €119 billion in the fourth maintenance period
- Weighted average overnight rate on borrowing transactions in the unsecured segment remained unchanged at -0.42% for the wholesale sector and -0.45% for the interbank sector
- Daily average borrowing turnover in the secured segment decreased from €350 to €342 billion, with a weighted average overnight rate of -0.47%
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 fourth maintenance period, which started on 12 June 2019 and ended on 30 July 2019, the borrowing turnover in the unsecured segment averaged €119 billion per day. The total borrowing turnover for the period as a whole was €4,174 billion. Borrowing from credit institutions, i.e. on the interbank market, represented a turnover of €367 billion, i.e. 9% of the total borrowing turnover, and lending to credit institutions amounted to €266 billion. Overnight borrowing transactions represented 51% of the total borrowing nominal amount. The weighted average overnight rate for borrowing transactions was -0.45% for the interbank sector and -0.42% for the wholesale sector, compared with the previous maintenance period the weighted rates remained unchanged.
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 €342 billion per day, while the total borrowing turnover for the period as a whole was €11,987 billion. Cash lending represented a turnover of €11,053 billion and the daily average amounted to €316 billion. Most of the turnover was concentrated in tenors ranging from overnight to up to one week, with overnight transactions representing around 22% of the total nominal amount on the borrowing and lending side respectively. The weighted average overnight rate for borrowing and lending transactions was -0.47% for the wholesale sector, compared with -0.49% and -0.48% respectively in the previous maintenance period.
