"The growing repo market is still somewhat less integrated than the unsecured segment which is fully integrated, but integration progresses. The creation of the EUREPO index - the benchmark for secured money market transactions in the euro area - three years ago was an important market initiative for promoting the repo market’s integration. Anecdotal evidence collected via market survey from counterparties active in the repo market suggests that the share of euro area cross-border transactions increased further to around 30% in December 2004."
(ECB's President Trichet, New York, 19 April 2005).

Since the introduction of the Euro, the European repo markets have developed significantly, with more and more emphasis on cross border financing trades. This has led to an increasingly homogenous Euro-denominated General Collateral (‘GC’) market.

The market is now ready for a representative benchmark.

The benchmark for secured money market transactions in the Euro zone will be Eurepo.

Eurepo is the rate at which one prime bank offers funds in euro to another prime bank if in exchange the former receives from the latter Eurepo GC as collateral.

Eurepo publication details can be found at FAQ.

Eurepo has been launched on 4th March 2002.

Additional information on Eurepo will be posted on this website as and when it becomes available.