An account on the liabilities side forming the counterpart of the account referred to under paragraph 1

Correspondent banking an arrangement under which one bank provides payment and other services to another bank .

the foreign bank would regard this account as its nostro account .

Correspondent banking services are primarily provided across international boundaries .

If the AS initiates the liquidity transfer from the mirror account to the settlement bank 's PM account , the settlement bank shall be informed of the crediting via a SWIFT MT 202 message .

We have an account with the bank.

increased competitiveness and a larger number of counterparties actually available to individual banks .

Bilateral procedure a procedure whereby the central bank deals directly with one or only a few counterparties , without making use of tender procedures . Bilateral procedures include operations executed through stock exchanges or market agents .

Tom has a Swiss bank account.

Tom doesn't have a bank account.

the foreign credit institution would in turn regard this account as its nostro account . Correspondent central banking model ( CCBM ) a mechanism established by the European System of Central Banks with the aim of enabling counterparties to use underlying assets in a cross border context .

Sub accounts shall be identified by the BIC of the PM account to which they relate , in combination with an account number that is specific to the relevant sub account .

Specific account2 ) 351 21 353 7279

ECB The implementation of monetary policy in the euro area September 2006 ANNEX 2 Correspondent banking an arrangement under which one credit institution provides payment and other services to another credit institution .

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

Correspondent banking an arrangement under which one credit institution provides payment and other services to another credit institution .

Correspondent banking an arrangement under which one bank provides payment and other services to another bank .

Payments through correspondents are often executed through reciprocal accounts ( nostro and loro accounts ) to which standing credit lines may be attached .

In the CCBM , national central banks act as custodians for one another .

Correspondent banking services are primarily provided across international boundaries but are also known as agency relationships in some domestic contexts .

, Having regard to the opinion of the European Economic and Social Committee ... , Having regard to the opinion of the European Central Bank ...

Having regard to the proposal of the Executive Board of the European Central Bank ( ECB ) ( 1 )

Correspondent banking services are primarily provided across international boundaries but are also known as agency relationships in some domestic contexts .

This means that each national central bank has a securities account in its securities administration for each of the other national central banks ( and for the ECB ) .

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

Payments through correspondents are often executed through reciprocal accounts ( so called nostro and loro accounts ) , to which standing credit lines may be attached .

Payments through correspondents are often executed through reciprocal accounts ( nostro and loro accounts ) to which standing credit lines may be attached .

Having regard to the recommendation of the European Central Bank ( ECB ) ,

Correspondent banking services are primarily provided across international boundaries but are also known as agency relationships in some domestic contexts .

A loro account is the term used by a correspondent to describe an account held on behalf of a foreign bank

Payments through correspondents are often executed through reciprocal accounts ( nostro and loro accounts ) to which standing credit lines may be attached .

In the CCBM , national central banks act as custodians for one another .

2000X0776 EN 01.03.2010 007.001 78 M5 through correspondents are often executed through reciprocal accounts ( nostro and loro accounts ) to which standing credit lines may be attached .

Correspondent banking services are primarily provided across international boundaries but are also known as agency relationships in some domestic contexts .

This means that each national central bank has a securities account in its securities administration for each of the other national central banks ( and for the ECB ) .

Clausen replaced many members of McNamara's staff and instituted a new ideological focus.

Once the home central bank has been informed by the correspondent central bank that the securities have been received , it will add these securities to the pool account of the counterparty .

In exceptional circumstances or when required for monetary policy purposes , the ECB may decide to extend the closing time of the CCBM until the closing time of TARGET .

Once the home central bank has been informed by the correspondent central bank that the securities have been received , it will add these securities to the pool account of the counterparty ,

We have audited the accompanying annual accounts of the European Central Bank as of 31 December 2002 . These annual accounts are the responsibility of the European Central Bank 's Executive Board .

If the AS initiates the liquidity transfer from the mirror account to the settlement bank 's PM account , the settlement banks accessing TARGET2 via the network service provider shall be informed of the crediting via a SWIFT MT 202 message .

Once the home central bank has been informed by the correspondent central bank that the securities have been received , it will add these securities to the pool account of the counterparty .

Having regard to the Statute of the European System of Central Banks and of the European Central Bank ( 1 ) , and in particular to Article 10.6 thereof , Having regard to the recommendation from the European Central Bank ( 2 ) , Having regard to the opinion of the European Parliament ( 3 ) , ( 3 )

47 Eligible assets may be used through an account of a central bank in an SSS located in a country other than that of the central bank in question if the Eurosystem has approved the use of such an account . Since 1999 , De Nederlandsche Bank has been authorised to use its account with Euroclear Belgium to settle collateral transactions in the Eurobonds issued in that ICSD .

Once the home central bank has been informed by the correspondent central bank that the marketable assets have been received , it will add these marketable assets to the pool account of the counterparty .