In some Member States , branches of the national central bank may be closed on NCB business days owing to local or regional bank holidays .

Post fixed coupon a coupon on floating rate instruments which is determined on the basis of the values taken by the reference index at a certain date ( or dates ) during the coupon accrual period .

Pooling system see collateral pooling system .

Minimum bid rate the lower limit to the interest rates at which counterparties may submit bids in variable rate tenders .

Post fixed coupon a coupon on floating rate instruments which is determined on the basis of the values taken by the reference index on a certain date ( or dates ) during the coupon accrual period .

Lump sum allowance a fixed amount which an institution may deduct in the calculation of its reserve requirement within the minimum reserve framework of the Eurosystem .

M1 , M2 , M3 see monetary aggregates .

Nikkei 225 index an index of the 225 top rated Japanese companies listed in the First Section of the Tokyo Stock Exchange . It is a market value weighted index ( i.e. each stock

Biscuits and Liberty were eventually replaced by Keith Clark and Zander Schloss (who also appeared in Repo Man ), respectively.

Eligible costs

ELIGIBLE COUNTRIES

Ineligible for fundim

Participants

Eligible Expenses

Eligible expenses

Eligible applicants

Eligible counterparties

Box 8

ELIGIBLE ASSETS

Eligible Counterparties

Eligible assets

6.3.1 SCOPE AND ELEMENTS The Eurosystem credit assessment framework ( ECAF ) defines the procedures , rules and techniques which ensure that the Eurosystem requirement of high credit standards for all eligible assets is met .

to the zero to one year maturity bucket of fixed coupon instruments in the liquidity category to which the instrument is assigned .

A call option gives the holder the right to purchase the underlying asset at an agreed exercise price , whereas a put option gives the holder the right to sell it at an agreed exercise price . ECB Annual Report 2001

5.3 Eligible Participants

5.7.4 Eligible expenditure

6.4 Eligible applicants

Ineligible expenses

Eligible entities 1 .

B Eligible entities

Specifically , the creation and enforcement of a pledge or repo under the Rules will be valid and enforceable under the laws of jurisdiction .'

Specifically , the creation and enforcement of a pledge or repo under the Rules will be valid and enforceable under the laws of jurisdiction .

6.7 Ineligible expenses

ELIGIBILITY SPECIFICATIONS FOR UNDERLYING ASSETS

Eligible assets

Eligible collateral

Currency of denomination The credit claim must be denominated in euro . 18

Type of issuer Eligible issuers are credit institutions that are eligible counterparties .

Type of issuer Eligible issuers are credit institutions that are eligible counterparties .

Type of issuer Eligible issuers are credit institutions that are eligible counterparties .

This account can be used for all eligible assets held in Euroclear , i.e. including eligible assets transferred to Euroclear through eligible links .

From all eligible countries

CROSS BORDER USE OF ELIGIBLE ASSETS

CHAPTER 2 Eligible counterparties 2.1 .

CHAPTER 6 Eligible assets 6.1 .