2.2.1 Statutory objective The Bank s statutory objective reflects neither the primacy of the ESCB s statutory objective nor the Bank s legal integration in the ESCB .

2.2.1 Statutory objective The Bank s statutory objective neither reflected the primacy of the ESCB s statutory objective nor anticipated the Bank s legal integration in the ESCB .

2.2.1 Statutory objective Article 2 ( revised ) , which contained the Bank s statutory objective , neither reflected the primacy of the ESCB s statutory objective nor anticipated the Bank s legal integration in the ESCB .

2.2.1 Statutory objective Article 9.1 , which contains the statutory objective of the Bank , reflects neither the primacy of the ESCB s statutory objective nor the Bank s legal integration in the ESCB .

Article 4 ( new law ) overcomes this by providing that sole authority and responsibility for the performance and exercise of any of the Bank s functions , duties or powers under the Treaty or the Statute shall The Bank s statutory objective neither reflected the primacy of the ESCB s statutory objective nor anticipated the Bank s integration in the ESCB .

2.2.1 Statutory objectives Under Article 3 ( old ) , the Bank s statutory objective did not anticipate the Bank s legal integration in the ESCB .

2.2.1 Statutory objective The old law neither reflected the primacy of the ESCB s statutory objective nor anticipated the Bank s integration in the ESCB .

In line with this statutory role , the ECB exercises several specific functions .

2.2.1 Statutory objective Article 4 of the Sveriges Riksbank Act , which contains the Bank s statutory objective , does not unambiguously reflect the primacy of maintaining price stability .

The IML s statutory objective as laid down in Article 2.1 ( draft ) does not unambiguously reflect the primacy of the ESCB s secondary statutory objective .

It is envisaged in Article 2 .

2.2.1 Statutory objective Article 3 ( old ) , which contained the Bank s statutory objective , neither reflected the primacy of the ESCB s statutory objective nor anticipated the Bank s integration in the ESCB in Stage Three .

In the new law , Article 6 contains an explicit reference to the ECB s right of approval with regard to the issuance of banknotes .

Article 1 ( new ) on the Bank s statutory objective remedies this situation ( see also paragraph 2.2.1 below ) .

Euro equivalent amount of US dollars

Independence from political authorities will allow the System to define a monetary policy aimed at the statutory objective of price stability .

Of this total figure

Amount of transfer

Amount category .

satisfied as having priority and bids with successively lower interest rates are accepted until the total liquidity to be allotted is exhausted . If , at the lowest interest rate level accepted ( i.e. the marginal interest rate ) , the aggregate amount bid exceeds the remaining amount to be allotted , the remaining amount is allocated pro rata among the bids according to the ratio of the remaining amount to be allotted to the total amount bid at the marginal interest rate ( see Box 5 ) .

the total amount allotted

In addition , national central banks may announce the allotment result directly to counterparties without access to wire services . The public tender result message normally contains the following information the reference number of the tender operation

Total amount to be covered 50,000,000 95,005,889

Assessed compensation amount

the total amount allotted

Total amount to be covered

Margin call

Upper trigger amount ( 2 )

Start date

Amount of transfer ( EUR )

Amount Accrued interest

the total amount allotted

Claim equivalent to the foreign reserve assets transferred to the ECB , on 31 December 2008 ( EUR )

Furthermore , the law attributes exclusive competence for the exchange rate policy with regard to the Luxembourg franc to the Government ( Article 2 ) , which neither envisages the introduction of the euro nor recognises the Community s powers in the field of exchange rates . The draft law on the monetary status of Luxembourg addresses these issues .

Spot amount of currency

the maximum bid limit ( if any )

) spot amount of currency

) spot amount of currency

6.2.10 Assessed compensation amount

Article 1 Extent to which the capital shall be paid up 1.1 .

the minimum allotment ( if any )

Aggregate euro equivalent amount

spot amount of currency

Member State refers in this document to an EU Member State which has adopted the single currency in accordance with the Treaty .

If the aggregate amount bid exceeds the total amount of liquidity to be allotted , the submitted bids will be satisfied pro rata , according to the ratio of the amount to be allotted to the aggregate amount bid ( see Box 4 ) .