Short Term Paper
The ECB publishes aggregated daily data on outstanding amounts of STEP securities, i.e.
data on the nominal values of all STEP securities that have been issued but not redeemed at the end of the reference period.
Plus, your teacher has to keep checking your progress otherwise he or she will be penalized at his or her next teacher review.
When you are choosing a topic to write about, you will need to make it your own while ensuring it is the easiest topic you can find.
Statistics on aggregated new issues are also available at daily intervals.
The daily yield statistics encompass annualised yields on euro-denominated STEP-labelled zero coupon issues, referring to the primary market interest rates originally agreed between an issuer and an investor.
On 9 June 2006, Euribor ACI and Euribor FBE adopted the STEP Market Convention.
Sectors other than those comprising monetary financial institutions and non-financial corporations are currently not presented separately as the issuance volumes involved are small. Issues published under the credit rating category “All ratings” refer to all STEP-labelled securities for which data are collected by the ECB.Yields on new issues of euro-denominated STEP securities, broken down by sector of the issuer, original time to maturity and rating category for zero coupon instruments, on (percentages per annum)Yield spreads above benchmark rates on new issues for euro-denominated STEP securities, broken down by sector of the issuer, original time to maturity and rating category for variable rate instruments, on (percentage points per annum)Spread between the EONIA and the yield on new issues of euro-denominated STEP securities, broken down by sector of the issuer, original time to maturity and rating category for variable rate instruments, on (percentage points per annum) The figures may not sum up to the aggregated amounts outstanding displayed in the other tab due to the fact that this table also includes programmes settled in Securities Settlement Systems that report data on a weekly basis. The Convention requires issuers to put in place any arrangements with the securities settlement systems, the issuing and paying agents, the dealers, the arrangers or any other relevant entity that are necessary to provide the eligible data provider with complete and accurate data for the production of statistics by the ECB.“-”: the programme exists but has not issued 1) The daily spot rate vis-à-vis the Euro as at p.m. Since 2 April 2007, the STEP market has been accepted as a non-regulated market for collateral purposes in Eurosystem credit operations.The ECB accepts no responsibility or liability whatsoever with regard to the material on this website.In particular, without limitation, the ECB does not accept any responsibility or liability for any economic loss or any indirect or consequential loss or damage (including, without limitation, loss of business and loss of profits) as a direct or indirect consequence of, or in connection with, any actions taken in reliance thereon (including, without limitation, any investment decision or the results of any investment made by a user of this site).Therefore, some issues made under STEP-labelled programmes may not be covered by the daily STEP statistics.In order to cover the whole STEP market, outstanding amounts of STEP securities, including the amounts issued in any securities settlement system during its transitional period, are also published on a monthly basis.The ECB does not endorse or take responsibility for the content on any other site(s) of relevance to the contents of this site that this site may be linked to.This disclaimer is not intended to limit the ECB’s liability in contravention of any requirements laid down in applicable national law or to exclude its liability for matters which cannot be excluded under such law.The STEP statistics cover all issues made under STEP labelled programmes.However, in order to allow the data providers to adapt their systems as necessary, a transitional period has been provided for.