Introduced in January 1999, EURONIA is the Euro Overnight Index Average ('EURONIA'). This index tracks actual market overnight funding rates.

EURONIA is a measure of the rate at which interest is paid on Euro denominated short-term wholesale funds in circumstances where credit, liquidity and other risks are minimal. On each Publication Day, EURONIA is measured as the volume weighted average price (“VWAP”), rounded to four decimal places, of interest rates paid on Eligible transactions.