Outright purchases Standing facilities Marginal lending facility Deposit facility

Outright purchases Structural operations Reverse transactions Outright purchases Standing facilities Marginal lending facility Deposit facility Reverse transactions

Outright purchases Structural operations Reverse transactions Outright purchases Standing facilities Marginal lending facility Deposit facility Reverse transactions

Outright purchases Standing facilities Marginal lending facility Deposit facility Reverse transactions

Standing facilities Marginal lending facility Deposit facility Reverse transactions

Deposits

End of day the time of the business day ( after the TARGET system has closed ) at which the payments processed in the TARGET system are finalised for the day .

The weights are based on 1990 manufactured goods trade , capture third market effects and refer to extra euro area trade .

Overnight

We're seeing this in events like Mumbai recently, where it's so much easier to report now than it is to consume it.

Eurosystem 's foreign reserve assets the reserve assets of the euro area consist of the Eurosystem 's reserve assets , i.e. the reserve assets of the European Central Bank ( ECB ) and the reserve assets held by the national central banks of the participating Member States .

European Monetary Institute ( EMI ) a temporary institution established at the start of Stage Two of Economic and Monetary Union ( EMU ) on 1 January 1994 .

Repos NonMFIs

European Monetary Institute ( EMI ) a European body responsible for preparing the final stage of Economic and Monetary Union .

European Council provides the European Union with the necessary impetus for its development and defines the general political guidelines thereof .

The ECB is represented in the field of banking and supervision in the Committee of European Banking Supervisors , which is a level 3 committee . European Central Bank ( ECB ) the ECB lies at the centre of the European System of Central Banks ( ESCB ) and the Eurosystem and has legal personality under Community law .

European Central Bank ( ECB ) the ECB lies at the centre of the Eurosystem and the European System of Central Banks ( ESCB ) and has its own legal personality in accordance with the Treaty ( Article 282 ( 3 )) . It ensures that the tasks conferred upon the Eurosystem and the ESCB are implemented either through its own activities or through those of the NCBs , pursuant to the Statute of the ESCB .

European Monetary Institute ( EMI ) a temporary institution established at the start of Stage Two of Economic and Monetary Union on 1 January 1994 . It went into liquidation following the establishment of the European Central Bank on 1 June 1998 .

It consists of 20 members ( until 1 May 2004 ) and includes two nationals each from Germany , Spain , France , Italy and the United Kingdom , and one from each of the other Member States . Following a transition period after EU enlargement , the Commission will consist of 25 members , one national from each of the 25 Member States .

The marginal lending facility The deposit facility

The ECB is governed by the Governing Council and the Executive Board , and , as a third decision making body , by the General Council . European Monetary Institute ( EMI ) a temporary institution established at the start of Stage Two of Economic and Monetary Union on 1 January 1994 .

European System of Accounts 1995 ( ESA 95 ) a comprehensive and integrated system of macroeconomic accounts based on a set of internationally agreed statistical concepts , definitions , classifications and accounting rules aimed at achieving a harmonised quantitative description of the economies of the EU Member States . The ESA 95 is the Community 's version of the world System of National Accounts 1993 ( SNA 93 ) .

European Central Bank ( ECB ) the ECB lies at the centre of the Eurosystem and the European System of Central Banks ( ESCB ) and has legal personality under Community law .

Repos Domestic

Repos NonMFIs

Househo lds

Repos

State governm ent

European Council provides the European Union with the necessary impetus for its development and defines the general political guidelines thereof . It brings together the Heads of State or Government of the Member States and the President of the European Commission ( see also EU Council ) .

Fair value accounting ( FVA ) a valuation principle that stipulates the use of either a market price , where it exists , or an estimation of a market price as the present value of expected cash flows , to establish the balance sheet value of financial instruments .

4.1 The marginal lending facility 4.2 The deposit facility

Deposit facility

Overnight deposits at a pre specified interest rate ( standing facility )

The marginal lending facility

RSW You're going to get one! You're going to get one!

The marginal lending facility The deposit facility 21 21 22

Repos Euro

Euro NonMFIs

Domestic NonMFIs

For house purchases

I have to receive treatment.

Standing facilities marginal lending facility deposit facility 10 10

Lending for house purchase Loans NonMFIs Other residents Households Lending for house purchase

Deposit facility

Deposit facility 2.3 .