Standard tender a tender procedure used by the Eurosystem in its regular open market operations . Standard tenders are carried out within a time frame of 24 hours .

All counterparties fulfilling the general eligibility criteria are entitled to submit bids in standard tenders .

Settlement account an account held by a direct participant in TARGET2 with the central bank for the purpose of processing payments .

Standard tenders are carried out within a time frame of 24 hours . All counterparties fulfilling the general eligibility criteria are entitled to submit bids in standard tenders .

The German foreign office put this system into operation by 1923.

By contrast , in an earmarking system , each credit operation is linked to specific identifiable assets .

By contrast , in an earmarking system , each credit operation is linked to specific identifiable assets .

By contrast , in an earmarking system , each credit operation is linked to specific identifiable assets ,

By contrast , in an earmarking system , each credit operation is linked to specific identi fiable assets .

The system is already in operation at checkpoints on the Hong Kong Shenzhen border.

Virtualizing the system at the file level allowed users to manipulate the entire system using their existing file management utilities and concepts, dramatically simplifying operation.

Operation and supervision of payment systems payment systems are a means to transfer money within the banking system .

In physics, wherever there is a linear system with a superposition principle , a convolution operation makes an appearance.

This dimension is linked to the type of terminal or system through which the underlying payments transaction was done .

A measurement operation refers to an operation which returns a value and might result in a system state change.

particular , the ECB understands that the increase in the amount of assistance available to EUR 50 billion as envisaged in the proposed regulation will be exclusively financed from the Member States budgets and that this will not include any bridge financing or refinancing by the European System of Central Banks .

Standing facility a central bank facility available to counterparties at their own initiative . The Eurosystem offers two overnight standing facilities the marginal lending facility and the deposit facility .

Settlement date the date on which a transaction is settled . The settlement might take place on the same day as the trade ( same day settlement ) or one or several days after the trade ( the settlement date is specified as the trade date ( T ) the settlement lag ) .

Settlement agent an institution which manages the settlement process ( e.g. the determination of settlement positions , the monitoring of payment exchanges , etc .) for transfer systems or other arrangements requiring settlement .

This, its detractors warn, privileges Wall Street in the operation of the Federal Reserve System.

In 1997, irrigation was extended to the whole of the El Humoso, and the Marinaleda S.C.A.

Purchase date the date on which the sale of purchased assets by the seller to the buyer becomes effective .

Announcement of longer term refinancing operation Allotment of longer term refinancing operations Settlement of longer term refinancing operations

Interest rate instruments are revalued on an item by item basis .

ECB Annual Report 2006 Interest rate instruments are revalued on an item by item basis .

Interest rate instruments are revalued on an itemby item basis .

Interest rate instruments are revalued on an item by item basis .

And one of the major problems that we have is our operating system is not giving us the proper feedback.

The access plans and other implementation and operation details are handled by the DBMS engine, and are not reflected in the logical model.

Earmarking system First , it is assumed that the transactions are carried out with a national central bank using a system where underlying assets are earmarked for each transaction .

Nelson and van Hoften then began the repair operation, replacing the satellite's attitude control mechanism and the main electronics system of the coronagraph instrument.

System testing System testing, or end to end testing, tests a completely integrated system to verify that it meets its requirements.

In addition , the EU Council may meet in the composition of the Heads of State or Government .

Outright transaction a transaction where the central bank buys or sells assets outright in the market ( spot or forward ) .

Quick tender the tender procedure used by the Eurosystem for fine tuning operations when it is deemed desirable to have a rapid impact on the liquidity situation in the market .

Main refinancing operation a regular open market operation executed by the Eurosystem in the form of a reverse transaction .

Main refinancing operations are conducted through weekly standard tenders and have a maturity of two weeks . Maintenance period the period over which credit institutions compliance with reserve requirements is calculated .

Pooling system a system for central banks collateral management where the counterparties provide a pool of assets to serve as collateral in their transactions with the central bank .

As for the instruments used , reverse transactions are the main open market instrument of the Eurosystem and can be employed in all four categories of operations .

Euro area the area encompassing those Member States in which the euro has been adopted as the single currency in accordance with the Treaty and in which a single monetary policy is conducted under the responsibility of the relevant decision making bodies of the ECB . The euro area comprises Belgium , Germany , Spain , France , Ireland , Italy , Luxembourg , the Netherlands , Austria , Portugal and Finland .

Non financial corporations one of the institutional sectors in the European System of Accounts 1995 ( ESA 95 ) .

the type of operation

Monetary policy instrument

the type of operation

The transfer of ownership of the claims should be made prior to any refinancing operation , since the stock of claims is managed by the Banque de France as a pool of collateral that can be used for any credit operation .