Experts at the European Money Markets Institute (EMMI) have agreed on a methodology to underpin a new pan-European repo index.
Alberto Lopez, EMMI’s senior benchmarks officer, told market participants in Zurich this week that the group has figured out the mechanics for the planned transaction-based euro repo benchmark.
Speaking at the IMCA’s European Repo and Collateral Council Annual General Meeting, he added that EMMI will be inviting firms to give their feedback on the proposed methodology at the end of March.
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