( ) EUR million , total for the period ( 1 ) Each transaction is reported only in one sub category .

( ) million , total for the period ( 1 ) Each transaction is reported only in one sub category .

1 ) Owing to the Christmas period , the December operation is brought forward by one week and conducted at the end of the reserve maintenance period ending on 23 December instead of at the start of the following one .

( 1 ) Owing to the Christmas period , the December operation is brought forward by one week and conducted at the end of the reserve maintenance period ending on 23 December instead of at the start of the following one .

1 ) Owing to the Christmas period , the December operation is brought forward , normally by one week , i.e. to the preceding Wednesday of the month .

( 1 ) Owing to the Christmas period , the December operation is brought forward , normally by one week , i.e. to the preceding Wednesday of the month .

Purchase date the date on which the sale of purchased assets by the seller to the buyer becomes effective .

Announcement of longer term refinancing operation Allotment of longer term refinancing operations Settlement of longer term refinancing operations

remuneration to be paid on holdings of required reserves for the maintenance period t holdings of required reserves for the maintenance period t number of calendar days in the maintenance period t ith calendar day of the maintenance period t marginal interest rate of the most recent main refinancing operation spanning calendar day i

remuneration to be paid on holdings of required reserves for the maintenance period t holdings of required reserves for the maintenance period t number of calendar days in the maintenance period t ith calendar day of the maintenance period t marginal interest rate of the most recent main refinancing operation spanning calendar day i 7.5

Within the scope of this Chapter, the Political and Security Committee shall exercise, under the responsibility of the Council and of the Union Minister for Foreign Affairs, the political control and strategic direction of the crisis management operations referred to in Article III 309.

Interest rate instruments are revalued on an item by item basis .

ECB Annual Report 2006 Interest rate instruments are revalued on an item by item basis .

Interest rate instruments are revalued on an itemby item basis .

Interest rate instruments are revalued on an item by item basis .

1 ) Owing to the Christmas period , the December operation is brought forward , normally by one week , i.e. to the preceding Wednesday of the month .

i ith calendar day of the maintenance period t. MRi marginal interest rate for the most recent main refinancing operation settled on or before calendar day i.

The Council of Ministers may authorise the Committee , for the purpose and for the duration of a crisis management operation , as determined by the Council of Ministers , to take the relevant measures concerning the political control and strategic direction of the operation .

Automatic renewal At the request of the debtor central bank , the initial maturity for a financing operation may be extended for a period of three months . 7.2 .

If blood tests in the period before the operation show your haemoglobin level to be too high, the treatment will be stopped.

In addition , the EU Council may meet in the composition of the Heads of State or Government .

Outright transaction a transaction where the central bank buys or sells assets outright in the market ( spot or forward ) .

The withdrawal of Soviet forces was planned out by Lt. Gen. Boris Gromov, who, at the time, was the commander of the 40th Army.

Quick tender the tender procedure used by the Eurosystem for fine tuning operations when it is deemed desirable to have a rapid impact on the liquidity situation in the market .

Main refinancing operation a regular open market operation executed by the Eurosystem in the form of a reverse transaction .

Main refinancing operations are conducted through weekly standard tenders and have a maturity of two weeks . Maintenance period the period over which credit institutions compliance with reserve requirements is calculated .

Pooling system a system for central banks collateral management where the counterparties provide a pool of assets to serve as collateral in their transactions with the central bank .

As for the instruments used , reverse transactions are the main open market instrument of the Eurosystem and can be employed in all four categories of operations .

Euro area the area encompassing those Member States in which the euro has been adopted as the single currency in accordance with the Treaty and in which a single monetary policy is conducted under the responsibility of the relevant decision making bodies of the ECB . The euro area comprises Belgium , Germany , Spain , France , Ireland , Italy , Luxembourg , the Netherlands , Austria , Portugal and Finland .

Non financial corporations one of the institutional sectors in the European System of Accounts 1995 ( ESA 95 ) .

Replacing all the banknotes and coins circulating among more than 300 million people in a very short period was an unprecedented logistical operation .

the type of operation

Monetary policy instrument

the type of operation

Longer term refinancing operation a regular open market operation executed by the Eurosystem in the form of a reverse transaction .

1 ) Owing to the Christmas period , the December operation is brought forward , normally by one week , i.e. to the preceding Wednesday of the month .

By contrast with an earmarking system , the underlying assets are not earmarked for individual transactions in a pooling system . Post fixed coupon a coupon on floating rate instruments which is determined on the basis of the values taken by the reference index at a certain date ( certain dates ) during the coupon accrual period .

Operation Praying Mantis The same day as Iraq's attack on al Faw peninsula, the United States Navy launched Operation Praying Mantis in retaliation against Iran for damaging a warship with a mine.

In some Member States , branches of the national central bank may be closed on NCB business days owing to local or regional bank holidays .

Post fixed coupon a coupon on floating rate instruments which is determined on the basis of the values taken by the reference index at a certain date ( or dates ) during the coupon accrual period .

Pooling system see collateral pooling system .

Minimum bid rate the lower limit to the interest rates at which counterparties may submit bids in variable rate tenders .

Post fixed coupon a coupon on floating rate instruments which is determined on the basis of the values taken by the reference index on a certain date ( or dates ) during the coupon accrual period .

National central bank ( NCB ) as used in this document , a central bank of an EU Member State which has adopted the single currency in accordance with the Treaty .

Outright transaction a transaction whereby assets are bought or sold up to their maturity ( spot or forward ) .