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Time-limited parallel runResponse formOpen-ended contractual alternativeTime-limited contractual alternativePlease enter all your feedback in the grey coloured cells of this form using the drop down menus where appropriate (i.e. where response choices are provided and highlighted in the question in red).Open-ended recalibration/spread/dual discountingTime-limited recalibration/spread/dual discountingPlease send your response to EuroRFR@ecb.europa.eu by 17:00 CET on 1 February 2019.Open-ended recalibration/spread/clean discountingTime-limited recalibration/spread/clean discountingInstitution / Company name:Recalibration/no spreadPure successionType of respondent:n.a.Country code:Please note that the ECB will evaluate all the responses and prepare an anonymised summary of the feedback.Historical mean 21D (1M) Historical mean 126D (6M)Question numberQuestion formulationReplyHistorical mean 250D (1Y)1Do you agree with the working group’s recommendation that the preferred transition path is the time-limited recalibration approach with spread and clean discounting? (Yes/No/No opinion)Historical mean full data (416D)2If not, what would be your preferred option and why? (Please choose from the other options presented in the report)Trimmed mean (10% 6M)Please provide the reasons for your preferred option.Trimmed mean (10% 1Y)3Do you agree that a publication deadline for the recalibrated EONIA of end-2021 is sufficient for a smooth transition under the recalibration approach with spread and clean discounting path? (Yes/No/No opinion)Trimmed mean (10% full data)4Do you have any other ideas to accelerate the transition of the derivatives market to ESTER? (Yes/No)Trimmed mean (15% 6M)Please elaborate.Trimmed mean (15% full data)5Do you see any benefit in the new recalibrated EONIA to be authorised and supervised until its publication deadline? (Yes/No)Trimmed mean (25% 6M)Please elaborate.Trimmed mean (25% 1Y)6Do you agree with a spread methodology based on a 1-year pre-ESTER historical data period, calculated as an average with a 15% trimming? (Yes/No/No opinion)Trimmed mean (25% full data)Please elaborate.Historical vwap (range)7If not, what would be your preferred option and why? (Please choose from the other options presented in the report)Median (1Y)Please provide the reasons for your preferred option.Median (full data)8How much time do you think would be the minimum to make your systems ready for ESTER T+1 publication? (Number of months)Another option. Please specify in the cell below.Please provide the reasons for your time estimation. ................
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