Deposit facility Overnight deposits at a pre specified interest rate ( standing facility )

2.3 . Deposit facility Fixed term deposits

Current accounts ( covering the minimum reserve system ) Deposit facility EN

Euro area the area covering those EU Member States which have adopted the euro as the single currency in accordance with the Treaty .

The deposit facility ( a ) T y p e o f i n s t r u m e n t Counterparties can use the deposit facility to make overnight deposits with national central banks .

The deposit facility Type of instrument Counterparties can use the deposit facility to make overnight deposits with national central banks .

Deposit facility

Overnight deposits at a pre specified interest rate ( standing facility )

The deposit facility ( a ) Ty p e o f i n s t r u m e n t Counterparties can use the deposit facility to make overnight deposits with national central banks .

It ensures that the tasks conferred upon the Eurosystem and the ESCB are implemented either through its own activities or through those of the NCBs , pursuant to the Statute of the ESCB .

Final transfer an irrevocable and unconditional transfer which effects a discharge of the obligation to make the transfer .

Foreign exchange swap simultaneous spot and forward transactions exchanging one currency against another . The Eurosystem can execute open market operations in the form

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

The figures are a weighted average of the euro area countries effective exchange rates .

It should be noted that national central banks of Member States which have not adopted the single currency in accordance with the Treaty retain their powers in the field of monetary policy according to national law and are thus not involved in the conduct of the monetary policy of the Eurosystem .

It comprises the President and the Vice President of the ECB and four other members appointed by common accord by the Heads of State or Government of the countries that have adopted the euro .

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

The deposit facility Type of instrument Counterparties can use the deposit facility to make overnight deposits with national central banks . The deposits are remunerated at a pre specified interest rate .

LEGAL NATURE The overnight deposits accepted from counterparties are remunerated at a fixed rate of interest .

Deposit facility

Deposit facility 2.3 .

THE DEPOSIT FACILITY

The deposit facility can be used by counterparties to make overnight deposits with the Eurosystem .

THE DEPOSIT FACILITY

Deposit facility 2.3 .

Eurosystem 's foreign exchange liquidity position this comprises the Eurosystem 's foreign reserve assets and the Eurosystem 's other foreign currency claims and liabilities , including positions vis à vis euro area residents such as , for instance , foreign exchange deposits placed with banking institutions resident in the euro area .

The euro area currently comprises Belgium , Germany , Greece , Spain , France , Ireland , Italy , Luxembourg , the Netherlands , Austria , Portugal and Finland .

The marginal lending facility The deposit facility

The deposit facility can be used to deposit overnight surplus funds with the Eurosystem .

Equity price risk the risk of loss due to movements in equity prices .

The ECB may adapt the conditions of the facility or suspend it at any time . 4.2 a.

Fixed rate instrument a financial instrument for which the coupon is fixed throughout the life of the instrument .

4.1 The marginal lending facility 4.2 The deposit facility

Counterparties can use the deposit facility to make overnight deposits with the national central banks .

Counterparties can use the deposit facility to make overnight deposits with the national central banks .

Counterparties can use the deposit facility to make overnight deposits with the national central banks .

Counterparties can use the deposit facility to make overnight deposits with the national central banks .

Counterparties can use the deposit facility to make overnight deposits with the national central banks .

Deposits Overnight Overnight

It should be noted that the national central banks of those Member States which have not adopted the single currency in accordance with the Treaty retain their powers in the field of monetary policy according to national law and are thus not involved in the conduct of the monetary policy of the Eurosystem . 82

It should be noted that national central banks of Member States which have not adopted the single currency in accordance with the Treaty retain their powers in the field of monetary policy according to national law and are thus not involved in the conduct of the monetary policy of the Eurosystem .

The ECB is governed by the Governing Council and the Executive Board , and , as a third decision making body , by the General Council . European Monetary Institute ( EMI ) a temporary institution established at the start of Stage Two of Economic and Monetary Union on 1 January 1994 .

European Council provides the European Union with the necessary impetus for its development and defines the general political guidelines thereof . It brings together the Heads of State or Government of the Member States and the President of the European Commission ( see also EU Council ) .

It ensures that the tasks conferred upon the Eurosystem and the ESCB are implemented either through its own activities or through those of the NCBs , pursuant to the Statute of the ESCB . The ECB is governed by the Governing Council and the Executive Board , and , as a third decision making body , by the General Council .

It should be noted that the national central banks of those Member States which have not adopted the single currency in accordance with the Treaty retain their powers in the field of monetary policy according to national law and are thus not involved in the conduct of the monetary policy of the Eurosystem .