They must be transferable in book entry form .

they must be transferable in book entry form ,

The eligibility of debt instruments issued under an issuance programme is assessed on the basis of an individual rating for each particular issue within that programme .

SETTLEMENT PROCEDURES The debt instrument must be transferable in book entry form .

The debt instrument must be transferable in book entry form .

Settlement procedures The debt instrument must be transferable in book entry form .

SETTLEMENT PROCEDURES The debt instrument must be transferable in book entry form .

The reports produced under Article 109j ( 1 ) by the European Commission and the EMI examine the achievement of a high degree of sustainable convergence by reference to the fulfilment by each Member State of these criteria as well as the above compatibility .

In the CCBM , national central banks act as custodians for each other .

Instruments must be centrally deposited in book entry form with national central banks or a SSS fulfilling the ECB 's minimum standards .

Type of issuer

Standard 6 Central securities depositories ( CSDs ) Securities should be immobilised or dematerialised and transferred by book entry in CSDs to the greatest possible extent .

Instruments must be centrally deposited in book entry form with central banks or an SSS fulfilling the ECB 's minimum standards .

Type of issuer Instruments must be centrally deposited in book entry form with national central banks or an SSS fulfilling the ECB 's minimum standards .

Correspondent central banking model ( CCBM ) a mechanism established by the European System of Central Banks with the aim of enabling counterparties to use eligible collateral in a cross border context .

Deposits with agreed maturity this instrument category consists mainly of time deposits with a given maturity that may , depending on national practices , either not be convertible prior to maturity or be convertible only subject to a penalty . It also encompasses some non marketable debt instruments , such as non marketable ( retail ) certificates of deposit .

Official quotation or fixing a procedure whereby for each working day an official exchange rate for the domestic currency in terms of an established list of foreign currencies is fixed . Official fixings of foreign exchange rates do not take place in all Member States .

Debt security a promise on the part of the issuer ( i.e. the borrower ) to make one or more payment ( s ) to the holder ( the lender ) at a specified future date or dates .

Instruments must be centrally deposited in book entry form with national central banks or a CSD fulfilling the ECB 's minimum standards .

EMU see Economic and Monetary Union .

The ECB would like to recall on this ( 1 ) OJ L 166 , 11.6.1998 , p. 45 .

Credit to euro area residents a broad measure of the financing of non Monetary Financial Institution ( MFI ) euro area residents ( including general government and the private sector ) provided by the MFI sector . It is defined as including loans and MFI holdings of securities .

Collection of fixed term deposits a monetary policy instrument that may be used by the Eurosystem for fine tuning purposes , where the Eurosystem offers remuneration on counterparties fixed term deposits on accounts with the national central banks in order to absorb liquidity from the market .

Thus , a credit institution is ( i ) an undertaking whose business is to receive deposits or other repayable funds from the public and to grant credit for its own account or ( ii ) an undertaking or any other legal person , other than those under ( i ) , which issues means of payment in the form of electronic money .

45 Interbank money market a market for very short and short term deposits between banks .

Counterparty the opposite party in a financial transaction ( e.g. any party transacting with a central bank ) . Credit institution ( i ) an undertaking whose business is to receive deposits or other repayable funds from the public and to grant credit for its own account

Counterparty the opposite party in a financial transaction ( e.g. any party transacting with a central bank ) . Credit derivative a financial instrument which separates the credit risk from an underlying financial transaction , enabling the credit risk to be priced and transferred separately .

31 They must be located in the euro area ( so that realisation is subject to the law of a Member State of the euro area ) , transferable in book entry form and deposited with a national central bank or with a central securities depository which fulfils the minimum standards established by the ECB ( see Annex 7 )

Yet what is now a reality for cash payments is still a vision for cashless payments .

( 51 ) A link between two SSSs consists of a set of procedures and arrangements for the cross border transfer of securities through a bookentry process .

( 1 ) A link between two SSSs consists of a set of procedures and arrangements for the crossborder transfer of securities through a book entry process .

Notes on the Balance Sheet 1 Gold and gold receivables Computers Equipment , furniture , plant in building and motor vehicles Net book value at 31 December 1999 Euros 15,865,660

Central securities depository ( CSD ) a facility for holding securities which enables securities transactions to be processed by book entry .

See also dematerialisation . Central securities depository ( CSD ) a facility for holding securities which enables securities transactions to be processed by book entry .

While each passage of Scripture has a literal sense, this literal sense does not always mean that the Scriptures are mere history at times they are rather an extended metaphor.

Debt ( financial accounts ) includes loans , debt securities issued , and pension fund reserves of nonfinancial corporations , valued at market value at the end of the period .

Loss sharing rule ( or loss sharing agreement ) an agreement between participants in a transfer system or a clearing house arrangement regarding the allocation of any loss arising when one or more participants fail to fulfil their obligations

Collection of fixed term deposits a monetary policy instrument that may be used by the Eurosystem for fine tuning purposes , where the Eurosystem offers remuneration on counterparties fixed term deposits on accounts with the national central banks in order to absorb liquidity from the market . Correspondent banking an arrangement under which one credit institution provides payment and other services to another credit institution .

Collateral pooling system a central bank system for managing collateral , in which counterparties open a pool account to deposit assets collateralising their transactions with the central bank .

Form is function. Form is function.

Such an assessment should not prejudice the Community 's initiatives in the area of clearing and settlement or the need for substantive reform and harmonisation of book entry securities law .

Before the dogmatic definition, in Deiparae Virginis Mariae Pope Pius XII sought the opinion of Catholic Bishops and a large number of them pointed to the Book of Genesis () as scriptural support for the dogma.

The maintenance period for Eurosystem minimum reserves would be one month , starting on a fixed day of each month ( e.g. the maintenance period may start on the 24th calendar day of each month and end on the 23rd calendar day of the following month ) .

EMS ( European Monetary System ) established in 1979 in accordance with the Resolution of the European Council on the establishment of the EMS and related matters of 5 December 1978 .

In a pooling system , by contrast with an earmarking system , the underlying assets are not earmarked for individual transactions . Collection of fixed term deposits a monetary policy instrument that may be used by the Eurosystem for fine tuning purposes where the Eurosystem offers remuneration on counterparties fixed term deposits on accounts with the national central banks in order to absorb liquidity from the market .