Euro OverNight Index Average (EONIA) |
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Definition
A rate used as a benchmark for the markets in the European Banking Federation. The rate is calculated by taking the weighted average of all the overnight offer rates in the market. See also EURIBOR.
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Euro OverNight Index Average (EONIA) is in the Banking, Commerce & Finance and Currency Trading subjects.
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http://www.businessdictionary.com/definition/Euro-OverNight-Index-Average-EONIA.html