Other current revenue 1A .

Other operational features The Eurosystem may invite counterparties to place remunerated fixed term deposits with the national central bank in the Member State in which the counterparty is established .

d. Other operational features

d. Other operational features

d. Other operational features

Operational tasks ( EMSIEMCF )

15 , plus other current revenue 1A .

17 , plus other current revenue 1A .

Other income Miscellaneous income under this heading arose mainly from the release of unused provisions taken over from the EMI .

Other current revenue of which interest receivable 1A .

1.3 INVESTMENT ACTIVITIES The ECB 's investment activities are organised in such a way as to ensure that no insider information about central bank policy actions may be used when making investment decisions . A set of rules and procedures , known as the Chinese wall , separates the business units involved in operational investment activities from other business units .

bilateral collection of fixed term deposits may be executed by the ECB ) 12

Without prejudice to other revenue , the budget shall be financed wholly from own resources .

Other operational features The operational features of foreign exchange swaps can be summarised as follows they can take the form of liquidity providing or liquidity absorbing operations

Other operational features The operational features of foreign exchange swaps can be summarised as follows they can take the form of liquidity providing or liquidity absorbing operations

OTHER OPERATIONAL FEATURES The operational features of foreign exchange swaps can be summarised as follows Open market operations

Without prejudice to other revenue , the Union 's budget shall be financed wholly from its own resources .

Without prejudice to other revenue, the Union's budget shall be financed wholly from its own resources.3.

Article 243 The Court of Justice may in any cases before it prescribe any necessary interim measures .

Products and services Advertising For the 2006 fiscal year, the company reported 10.492 billion in total advertising revenues and only 112 million in licensing and other revenues.

We can use these data now to provide other regions with recipes and the same technology.

Other operational features The operational features of the collection of fixed term deposits can be summarised as follows the deposits are collected in order to absorb liquidity

Other operational features The operational features of the collection of fixed term deposits can be summarised as follows the deposits are collected in order to absorb liquidity

OTHER OPERATIONAL FEATURES The operational features of the collection of fixed term deposits can be summarised as follows Open market operations

OTHER OPERATIONAL FEATURES The operational features of the collection of fixed term deposits can be summarised as follows the deposits are collected in order to absorb liquidity

d. Other operational features The operational features of foreign exchange swaps can be summarised as follows They can take the form of liquidityproviding or liquidity absorbing operations

The collection of fixed term deposits is envisaged only for fine tuning purposes in order to absorb liquidity in the market . b. Legal nature The deposits accepted from counterparties are for a fixed term and with a fixed rate of interest .

Total income 43,376,777

Article 242 Actions brought before the Court of Justice shall not have suspensory effect . The Court of Justice may , however , if it considers that circumstances so require , order that application of the contested act be suspended .

Other operational features The operational features of the issuance of ECB debt certificates can be summarised as follows the certificates are issued in order to absorb liquidity from the market

OTHER OPERATIONAL FEATURES The operational features of the issuance of ECB debt certificates can be summarised as follows the certificates are issued in order to absorb liquidity from the market

Other operational activities of the ECB include external operations , although in practice the bulk of them are executed by the NCBs .

Do they relate to the access criteria of the system or to other conditions such as operational features ?

Operational Issues

Operational issues

Operational Issues

T2S Programme

Executional Domain Applications

Operational data

OTHER OPERATIONAL FEATURES The operational features of the issuance of ECB debt certif icates can be summarised as follows the certificates are issued in order to absorb liquidity from the market the certificates can be issued on a regular or non regular basis

Other operational features The operational features of Eurosystem outright transactions can be summarised as follows they can take the form of liquidity providing ( outright purchase ) or liquidity absorbing ( outright sale ) operations

d. Other operational features The operational features of the issuance of ECB debt certificates can be summarised as follows The certificates are issued in order to absorb liquidity from the market

the certificates are tendered and settled in a decentralised manner by the national central banks and all counterparties fulfilling the general eligibility criteria ( as specified in Section 2.1 ) may submit bids for the subscription of ECB debt certificates .

they are normally executed in a decentralised manner by the national central banks ( the Governing Council of the ECB can decide whether , under exceptional circumstances , fine tuning outright operations may be executed by the ECB )

Financial impact on Revenue Proposal has no financial implications on revenue