RepoFunds Rate (RFR)

In collaboration with several partners, representing almost the entire Repo (overnight repurchase agreement) market, CME developed the RepoFundsRate family of benchmarks. Unique in this area of the market, these benchmarks represent actual traded prices on over € 200bn of repo transactions.

9th October 2017: Since the 9th October 2017 the Repo Funds Rate (RFR) data on this website are subject to a 24-hour delay. To receive the data without this delay we ask you to register your interest by emailing indices@nexdata.com.

2 February 2018: NEX Data Services is pleased to announce that on 2 February 2018 it was approved as one of the first Benchmark Administrators under the EU Benchmarks Regulation (BMR). The RepoFunds Rate suite of daily euro benchmarks for the Euro, Austria, Belgium, Finland, France, Germany, Italy, Netherlands, Portugal and Spain will now fall under the BMR.

1st October 2019: On 1st October 2019, EONIA moved to a T+1 publication schedule. As a result, the publication of RFR Euro and RFR France were similarly adjusted to allow for the inclusion of the EONIA rate in the calculation.

Having monitored relevant market transactions since 1st October, we have observed that market participants have predominantly migrated away from trading EONIA + spread to a fixed basis.

11th October 2019: from 11th October 2019, RFR France and RFR Euro will be reverting to a T+0 calculation and publication schedule.


RepoFunds Rate ("RFR") is a series of daily euro repo benchmarks comprising RFR Euro, RFR Austria, RFR Belgium, RFR Finland, RFR France, RFR Germany, RFR Italy, RFR Netherlands, RFR Portugal and RFR Spain.

The benchmarks are calculated from trades executed on either the BrokerTec or the MTS electronic platforms. All eligible repo trades are centrally cleared and RepoFunds Rate is calculated and published by CME Group Benchmark Administration.

Each benchmark is calculated with repo trades that use sovereign government bonds as collateral. Trades using sovereign bonds issued by the majority of Eurozone countries are eligible for RFR Euro. Country-specific RFR benchmarks are calculated with trades using sovereign bonds issued by the relevant country only.

All benchmarks are denominated in euros.

RepoFunds Rate is published via:
Website: www.repofundsrate.com
Bloomberg: page REPF
RepoFunds Rate is the intellectual property of CME Group and/or one of its group companies and/or EuroMTS Limited and/or one of its group companies ("MTS").

Additional RepoFunds Rate benchmarks and underlying data are available to subscribers via FTP and email delivery. For further information, please visit www.repofundsrate.com or contact us at indices@nexdata.com.