Official Journal of the European Union Credit Debit Net

2004O0015 EN 10.07.2007 001.002 17 M1 Credit Debit Net

Chart 2 The mobilisation of French private claims and the redemption of credit

16 Interest under the facility is payable with the repayment of the credit .

3 Interest under the facility is payable with the repayment of the credit .

Interest under the facility is payable with the repayment of the credit .

Interest under the facility is payable with the repayment of the credit .

5 , 6 Interest under the facility is payable with the repayment of the credit .

11 Interest under the facility is payable with the repayment of the credit .

Each debtor is individually and severally liable for the full repayment of the credit claim in question ( co debtors jointly liable for individual credit claims are excluded ) .

Each debtor is individually and severally liable for the full repayment of the credit claim in question ( co debtors jointly liable for individual credit claims are excluded ) .

Each debtor is individually and severally liable for the full repay ment of the credit claim in question ( co debtors jointly liable for individual credit claims are excluded ) .

End date

End date Interest rate

The balance is settled in full by the end of a specified period , or in part , with the remaining balance taken as extended credit on which the cardholder is charged interest .

These features must be maintained until the redemption of the obligation ( 36 ) , they must meet high credit standards .

Net

Net

Net I.

Intervention at the limits compulsory intervention carried out by central banks , the currencies of which are respectively at the floor and ceiling of their ERM fluctuation margins .

Procedural rules

Following an early repayment by the Banque de France , all remaining debtor and creditor accounts were closed in January 1994 .

Standing facility a central bank facility available to counterparties on their own initiative .

Option a financial instrument that gives the owner the right , but not the obligation , to buy or sell specific assets ( e.g. a bond or a stock ) at a predetermined price ( the strike or exercise price ) at or up to a certain future date ( the exercise or maturity date ) .

They form part of the economic analysis pillar of the monetary policy strategy of the ECB and are thus one of several inputs into the Governing Council 's assessment of the risks to price stability .

RTGS ( real time gross settlement ) system a settlement system in which processing and settlement take place on an order by order basis ( without netting ) in real time ( continuously ) . See also TARGET system .

The balance is either settled in full by the end of a specific period , or settled in part , with the remaining balance taken as extended credit on which the cardholder is charged interest .

Tom got a tax refund.

( iv ) for securitised facilities subject to the early amortisation treatment , the aggregate drawn exposures attributed to the seller 's and investors interests respectively , the aggregate capital requirements incurred by the credit institution against its retained ( the seller 's ) shares of the drawn balances and undrawn lines and the aggregate capital requirements incurred by the credit institution against the investor 's shares of drawn balances and undrawn lines

The outstanding amount of MFI loans to the private sector contracted further in March , reflecting mainly a negative flow of lending to non financial corporations .

It is a part of the legislative process , although with different prerogatives according to the procedures through which EU law is to be enacted . In the framework of Economic and Monetary Union ( EMU ) , the Parliament has mainly consultative powers .

Following a transition period after EU enlargement , the Commission will consist of 25 members , one national for each of the 25 Member States .

General government as defined in the European System of Accounts 1995 , consists of central , state and local government and social security funds . Governing Council the supreme decision making body of the European Central Bank ( ECB ) .

The two main tasks of the EMI were to strengthen central bank co operation and monetary policy co ordination and to make the preparations required for the establishment of the European System of Central Banks ( ESCB ) , for the conduct of the single monetary policy and for the creation of a single currency in Stage Three .

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 .

The HICP was developed by the European Commission ( Commission of the European Communities ) ( Eurostat ) in close liaison with the national statistical institutes and the European Monetary Institute ( EMI ) , and later the European Central Bank ( ECB ) , in order to fulfil the Treaty requirement for a consumer price index constructed on a comparable basis , taking into account differences in national definitions .

constant primary balance

Repayment of loans Net ( S3 ) Stock ( S2 ) Stock Stock Flow If gross flow data available

External balance of goods and services

Debit balance on the RTGS account .

The ESA 95 is the Community 's version of the world System of National Accounts 1993 ( SNA 93 ) . European System of Central Banks ( ESCB ) composed of the European Central Bank ( ECB ) and the NCBs of all 25 EU Member States , i.e. it includes , in addition to the members of the Eurosystem , the NCBs of those Member States that have not yet adopted the euro .

It comprises the European Central Bank and the NCBs of the Member States that have adopted the euro . Eurosystem credit assessment framework ( ECAF ) the framework that defines the procedures , rules and techniques which ensure that all eligible assets meet the Eurosystem 's high credit standards .

European System of Central Banks ( ESCB ) composed of the European Central Bank ( ECB ) and the NCBs of all 27 EU Member States , i.e. it includes , in addition to the members of the Eurosystem , the NCBs of those Member States that have not yet adopted the euro .

2004O0015 EN 10.07.2007 001.002 32 B TABLE 7 Quarterly national contributions to the euro area balance of payments with geographical breakdown ( 1 ) Credit Debit Net I.

It was considered that those central banks do not incur any principal risk since the securities are pledged before credit is granted and are released only after the repayment of the credit .