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Unsecured market
In the latest maintenance period, which started on 31 October 2018 and ended on 18 December 2018, the borrowing turnover in the unsecured segment averaged €120 billion per day. The total borrowing turnover for the period as a whole was €4,207 billion. Borrowing from credit institutions, i.e. on the interbank market, represented a turnover of €394 billion, i.e. 9% of the total borrowing turnover, and lending to other credit institutions amounted to €250 billion. Overnight borrowing transactions represented 51% of the total borrowing nominal amount. The weighted average overnight rate for borrowing transactions was -0.42% for the interbank sector and -0.41% for the wholesale sector, compared with -0.43% and -0.41% respectively in the previous maintenance period.
Secured market
In the latest maintenance period, the borrowing turnover in the secured segment averaged €314 billion per day, while the total borrowing turnover for the period as a whole was €10,992 billion. Cash lending represented a turnover of €9,030 billion and the daily average amounted to €258 billion. Most of the turnover was concentrated in tenors ranging from overnight to up to one week, with overnight transactions representing around 22% and 26% of the total nominal amount on the borrowing and lending side respectively. The weighted average overnight rate for borrowing and lending transactions was, respectively, -0.51% and -0.52% for the wholesale sector (which includes banks, the government sector and corporations).