The harmonised accounting treatment should apply to the costs incurred in connection with the issue of both national banknotes and euro banknotes .

Sums deriving from the issue of the bonds must be invested ( according to the investment rules set out by the bond documentation ) in conformity with the relevant national covered bond legislation or other legislation applicable to the assets in question .

1 in the form of zerocoupon bonds , i.e. bonds without coupon payments , whose interest is based on the difference between the prices at redemption and at issue .

1 in the form of zero coupon bonds , i.e. bonds without coupon payments , whose interest is based on the difference between the prices at redemption and at issue .

Net asset value ( NAV ) of an investment fund is the value of its assets minus its liabilities , excluding investment fund shares .

before that period , yields at issue for long term bonds with shorter maturities than the harmonised series were used .

ECB Opinion on the transfer of rights and obligations in relation to the issuance , distribution and redemption of public debt in Cyprus

A similar increase took place in the issuance of euro denominated international bonds and notes .

Bonds restricted by bilateral agreement to certain investors , if they are at least potentially transferable , securities resulting from the conversion of loans , loans that have become negotiable de facto , debentures and loan stock convertible into shares , whether the shares of the issuing corporation or shares of another company , as long as they have not been converted .

The covered bond purchases fostered primary issuance and reduced the particularly elevated spreads in this market .

ECB Opinion on the issuance of special government bonds to credit institutions in Cyprus

Article 1 Accounting treatment of banknote costs It is recommended that the costs incurred in connection with the issue of both national banknotes and euro banknotes should be taken to the profit and loss account as they are invoiced to , or otherwise incurred by , the NCBs .

Issuance of ECU bonds increases and ECU spreads close The outstanding amount of bonds denominated in ECU increased in the course of 1998 , as it had in 1997 , after having decreased over the period from 1993 to 1996 .

1 in the form of zero coupon bonds , i.e. bonds without coupon payments , whose interest is based on the difference between the prices at redemption and at issue .

The use of recapitalisation measures has been relatively widespread , while the effective issuance of bank bonds with government guarantees has been considerably lower than the guarantees made available by governments .

Corporate bond markets have experienced substantial growth in issuance in the wake of the introduction of the euro .

It is recommended that the costs incurred in connection with the issue of euro banknotes should be taken to the profit and loss account as they are invoiced or otherwise incurred .

deep discounted bonds , zero coupon bonds , euro bonds , global bonds , privately issued bonds , securities resulting from the conversion of loans , loans that have become negotiable de facto , debentures and loan stock convertible into shares , whether shares of the issuing corporation or shares of another company , so long as they have not been converted .

The reduction of government debt owing to fiscal consolidation under Monetary Union might boost the issuance of private bonds and , possibly , the securities activities of banks .

STAFF COSTS

Deep discount and zero coupon bonds are valued when issued at the effective amount paid , and at face value when they mature .

The Eurosystem shall not compensate for additional costs incurred by cash handlers due to the issue of euro banknotes with changed or new security features .

Salaries , allowances , staff insurance and other miscellaneous costs of Euros 133.4 million ( 2005 Euros 127.4 million ) are included under this heading .

Staff costs ( ) 4

It comprises the six members of the ECB 's Executive Board and the governors of the national central banks of the EU Member States which have adopted the euro . Gross Domestic Product ( GDP ) a measure of economic activity .

The impact of these measures on the future credit supply the funding of which is facilitated in part by issuance of re securitizations such as certain collateralized debt obligations ( CDOs ) should be assessed in the light of the level of their issuance in the post crisis market environment .

It is recommended that the costs incurred in connection with the issue of both national banknotes and euro banknotes should be taken to the profit and loss account as they are invoiced or otherwise incurred .

It is recommended that the costs incurred in connection with the issue of both national banknotes and euro banknotes should be taken to the profit and loss account as they are invoiced or otherwise incurred .'

Exchange rate the value of one currency for the purpose of conversion to another .

Equity instruments shall mean dividend bearing securities ( corporate shares , and securities evidencing an investment in an equity fund ) .

For long term securities other than shares , the types of issue ( fixed rate , variable rate and zero coupon bonds ) might be valued using different methods , resulting in a mixed valuation for the total .

It is recommended that the costs incurred in connection with the issue of both national banknotes and euro banknotes should be taken to the profit and loss account as they are invoiced or otherwise incurred .

It is recommended that the costs incurred in connection with the issue of euro banknotes should be taken to the profit and loss account as they are invoiced or otherwise incurred .

However , during the remainder of 1999 euro area bond yields edged up again , partly following upward movements in long term yields in the United States and partly in response to further positive news regarding the outlook for the euro area economy .

3 ) Calculated from index linked bonds in the euro area , maturing in 2008 and 2014 , since the issuance of the latter .

Rules leading to double transparency obligations are removed , eliminating unnecessary costs of a total of Euros 30 million to companies .

It may dispose of its claims on the capital market and may, to this end, require its debtors to issue bonds or other securities.

It may dispose of its claims on the capital market and may , to this end , require its debtors to issue bonds or other securities .

The issue of asset backed securities is related to securitisation .

Purchasing power parities ( PPPs ) Purchasing power parities ( PPPs ) are the rates of currency conversion that equalise the purchasing power of different currencies by eliminating the differences in price levels between countries . In their simplest form , PPPs show the ratio of the prices in national currencies of the same good or service in different countries .

2 . The Board of Governors shall lay down general directives for the credit policy of the Bank , with particular reference to the objectives to be pursued as progress is made in the attainment of the common market .

preparing an updated cost calculation in order to confirm the overall cost framework ( Euros 500 million for building costs and Euros 850 million total investment costs , based on 2005 prices )

Debt zero coupon bonds 3A .

Debt zero coupon bonds 3A .

Debt zero coupon bonds 3A .