( 11 ) Multilateral trading facility ( MTF ) means a multilateral system which brings together multiple third party buying and selling interests in financial instruments in the system and in accordance with non discretionary rules in a way that results in a contract

promote an international system based on stronger multilateral cooperation and good global governance.

Other acts shall be adopted on the basis of a Commission proposal where the Treaties so provide .

promote an international system based on stronger multilateral cooperation and good global governance .

Multi purpose prepaid card a stored value card which can be used for a wide range of purposes and which has the potential to be used on a national or international scale , but which may sometimes be restricted to a certain area . A reloadable multi purpose prepaid card is also known as an electronic purse ( see also electronic money ) .

TARGET ( Trans European Automated Real time Gross settlement Express Transfer system ) the real time gross settlement ( RTGS ) system for the euro .

Reserve ratio the ratio defined by the central bank for each category of eligible balance sheet item included in the reserve base .

Settlement agent an institution that manages the settlement process ( e.g. the determination of settlement positions , monitoring the exchange of payments , etc .) for transfer systems or other arrangements that require settlement . Settlement risk a general term used to designate the risk that settlement in a transfer system will not take place as expected .

This majority reflects a growing perception that the world would be more stable and more secure with a strengthened and updated multilateral system.

Net settlement system ( NSS ) a funds transfer system , the settlement operations of which are completed on a bilateral or multilateral net basis . Quick tender a tender procedure to be used by the ESCB for fine tuning operations when it is deemed desirable to have a rapid impact on the liquidity situation in the market .

Surveillance also comprises an assessment of the global implications of national policies in an increasingly integrated world economic and financial system ( multilateral surveillance ) .

( 7 ) Operation of Multilateral Trading Facilities .

EURO1 works on a multilateral net basis .

The Hague Convention is a Multilateral Treaty .

The EBA created a multilateral largevalue EU wide payment system for euro credit transfers , called EURO 1 .

SDD MIF

Throughout the fall of 1971, a series of multilateral and bilateral negotiations between the Group of Ten countries took place, seeking to redesign the exchange rate regime.

It is our duty to preserve the multilateral system of peace and security an achievement of the international community that, despite its shortcomings, has helped save the planet from another war on a global scale.

Scholars and economists continue to debate whether regional trade blocs are leading to a more fragmented world economy or encouraging the extension of the existing global multilateral trading system.

The main instrument is the annual multilateral surveillance of the progress of economic reform .

That is an outcome that the rest of us should welcome, because it would give China a greater stake in a multilateral institution that oversees the operation of the global monetary system.

In addition , the first multilateral consultation process advanced to the monitoring stage .

Economic and Monetary Union ( EMU ) the Treaty describes the process of achieving Economic and Monetary Union in the European Union in three stages .

ECB representation in intergovernmental institutions The IMF , as the cornerstone of the international monetary system , plays a key role in the process of the multilateral and bilateral surveillance over macroeconomic policies and financial market stability .

In all these fora , work is under way to implement the recommendations and step up multilateral co operation .

By adding uncertainty to fiscal monitoring , they reduce the value of multilateral surveillance procedures and , thus , weaken the effectiveness of peer pressure .

Perhaps they will choose to build on and strengthen the existing multilateral regime, which has served them well in the past.

2.1 INTERNATIONAL MONETARY AND FINANCIAL SYSTEM MULTILATERAL AND BILATERAL SURVEILLANCE OF MACROECONOMIC POLICIES The ECB regularly exchanged information and views on economic developments and policies with policy makers outside the euro area and with international institutions .

The ECB hosted a multilateral meeting , involving all EU and accession country central banks .

A multilateral limit may only be set if the participant has set at least one bilateral limit .

The Eurosystem has taken note of the EPC 's proposal for a maximum default multilateral balancing fee .

A multilateral limit may only be set if the participant has set at least one bilateral limit .

SDD multilateral interbank arrangements ( MBP , MIF , etc .) Interim proposal ( with the definition of a deadline ) on the methodology of the multilateral interbank arrangement for crossborder direct debits .

After performing the checks specified under subparagraphs ( i ) to ( ii ) , the ECB shall check the multilateral settlement positions ( between a participant 's PM account and other TARGET2 participants PM accounts in relation to which a multilateral limit has been set ) .

In particular , the IMF together with the World Bank continued to prepare assessments of compliance with standards and codes and of the soundness of domestic financial systems in the context of Reports on the Observance of Standards and Codes ( ROSCs ) and Financial Sector Assessment Programmes ( FSAPs ) .

(i) The WTO shall facilitate the implementation, administration and operation and further the objectives of this Agreement and of the Multilateral Trade Agreements, and shall also provide the frame work for the implementation, administration and operation of the multilateral Trade Agreements.

People say to me, The Chinese, of course, they'll never get themselves involved in peace making, multilateral peace making around the world.

When simultaneous multilateral settlement (' procedure 5 ') in relation to an ancillary system is pending , Algorithm 4 shall run .

It monitors public finances within the framework of multilateral surveillance and submits reports to the EU Council .

A participant may set a multilateral limit for any relationship that is not subject to a bilateral limit .

The setting of a new bilateral or multilateral limit shall only be effective from the next business day .

When simultaneous multilateral settlement (' procedure 5 ') in relation to an ancillary system is pending , Algorithm 4 shall run .

A multilateral limit may only be set if the participant has set at least one bilateral limit .

In order to attain the abovementioned goals , the proposed directive lays down a comprehensive set of rules concerning all the trading venues , namely regulated markets , multilateral trading facilities ( MTFs ) and intermediaries that execute client orders internally .

( d ) Under Algorithm 4 ( partial plus ancillary system settlement ) the insert name of CB shall follow the same procedure as for Algorithm 2 , but without extracting payment orders in relation to the settlement of an ancillary system ( which settles on a simultaneous multilateral basis ) .