Euro money market statistics: Fourth maintenance period 2022

Daily average borrowing turnover in the unsecured segment decreased from €129 billion in the third maintenance period of 2022 to €128 billion in the fourth maintenance period of 2022
Weighted average overnight rate on borrowing transactions in the unsecured segment increased from -0.55% to -0.53% for the wholesale sector and remained stable at -0.59% for the interbank sector
Daily average borrowing turnover in the secured segment increased from €413 billion to €414 billion, with a weighted average overnight rate of -0.90%

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 of 2022, which started on 15 June 2022 and ended on 26 July 2022, the borrowing turnover in the unsecured segment averaged €128 billion per day. The total borrowing turnover for the period as a whole was €3,849 billion. Borrowing from credit institutions, i.e. on the interbank market, represented a turnover of €341 billion, i.e. 9% of the total borrowing turnover. Lending to credit institutions amounted to €261 billion. Overnight borrowing transactions represented 70% of the total borrowing nominal amount. The weighted average overnight rate for borrowing transactions was -0.59% for the interbank sector and -0.53% for the wholesale sector, compared with -0.59% and -0.55% respectively in the previous maintenance period.

Secured market

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

In the fourth maintenance period of 2022, the borrowing turnover in the secured segment averaged €414 billion per day, while the total borrowing turnover for the period as a whole was €12,410 billion. Cash lending represented a turnover of €10,319 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 25% and 22% of the total nominal amount on borrowing and lending side respectively. The weighted average overnight rate for borrowing and lending transactions was, respectively, -0.90% and -0.85% for the wholesale sector, compared with -0.74% and -0.71% in the previous maintenance period. In the fourth maintenance period of 2022, the weighted average rate for spot/next borrowing transactions ranged from -0.63% for operations based on collateral issued in Spain to -0.90% for operations based on collateral issued in Germany.