Deutsche Börse Offers New Index for the Secured Money Market

Launch of GC Pooling EUR Overnight Index for secured money lending

Deutsche Börse has added a new interest rate index for the short-term interest rate market to its product offering - the GC Pooling EUR Overnight Index (GCPI). This is its first index for money market trading based on secured money market transactions in the EUR GC Pooling market.

The index represents a volume-weighted average of all interest rates from overnight transactions in the GC Pooling ECB basket (DE000A0AE077) concluded on the same day. The GC Pooling ECB basket is a standardized collateral basket comprising more than 8,000 eligible securities. These can also be pledged as security for open market transactions with the European Central Bank (ECB).

“The GC Pooling market has established itself as the benchmark for short-term financing in the euro area, particularly in a turbulent market environment. This trend will be boosted further by the addition of the new GC Pooling EUR Overnight Index (GCPI) as reference rate,” said Hartmut Graf, Head of Issuer Data & Analytics at Deutsche Börse.

The GC Pooling EUR Overnight Index is calculated every day at 6 p.m. CET.


Further information

About Market Data & Analytics
Market Data & Analytics calculates and publishes more than 2,700 indices in total. Deutsche Börse thus ranks among the world’s major index providers. Market Data & Analytics also compiles, distributes, and markets independent capital market information, such as price data, trading statistics, and back office information for banks and financial institutions. With its innovative range of products, Market Data & Analytics stands for maximum transparency, reliability, precision and integrity.

About Eurex Repo
Eurex Repo (www.eurexrepo.com) ranks among the leading markets for electronic repo trading and operates the CHF and Euro Repo Markets. The Eurex CHF Repo Market was launched in 1999, and the EUR Repo Market followed in 2001. More than 220 participants from nine countries are currently admitted to trading on Eurex’s repo markets. Eurex Repo is the only platform in Europe to offer all of the advantages of electronic trading in combination with the anonymity of the central counterparty Eurex Clearing AG and Clearstream Banking’s centralized collateral management system. Eurex Repo is a wholly-owned subsidiary of Eurex. GC Pooling trading gives banks the opportunity to borrow or lend money from/to each other against collateral and thereby ensure the efficiency of their liquidity management. The blueprint for the GC Pooling market is very closely geared towards the organization of the ECB’s open market transactions.

Related links
Eurex Repo website (www.eurexrepo.com)