Money an asset accepted by general consent as a medium of exchange .

Foreign currency

Overnight

Other liabilities

Domestic

For the implementation of Article 52 of the Statute , Banknotes of other participating Member States held by an NCB shall not be accounted for as banknotes in circulation , but as intraEurosystem balances .

Equity instruments denominated in foreign currencies shall not form part of the overall currency position but shall be part of a separate currency holding .

Net purchases of foreign currency affect the currency holding 's average cost at trade date .

Interest rate futures in foreign currencies Variation margins denominated in foreign currencies affect the foreign currency position on a daily basis ( when they occur ) .

The foreign currency position shall only change as a result of accruals denominated in foreign currency .

Foreign currency transactions reflected in the Profit and Loss Account are valued at the average of daily official rates for the year 1997 .

Liabilities to euro area residents denominated in foreign currency

The average cost of the foreign currency position shall not change .

Debt denominated in a participating foreign currency 3A .

therefore no gains and losses shall arise . 6 .

1.2.2 . The foreign currency positions are affected on trade date .

Foreign exchange swaps 1 .

Where can I exchange foreign currency?

Liabilities to euro area residents denominated in foreign currency Liabilities to non euro area residents denominated in foreign currency

Loans in foreign currencies are negligible

loans in foreign currencies negligible

loans in foreign currency negligible

Debt denominated in a non participating foreign currency 3A .

The ending of foreign exchange transactions between EMU currencies and of the related hedging activity will , of course , have a negative impact on the earnings of banks .

Premium the difference between the par value of a security and its price when such price is higher than par .

Provisions for future liabilities and charges may not be used to adjust the value of assets .

( b ) transactions shall be recorded in the balance sheet at transaction price

Reverse transactions involving securities denominated in foreign currencies shall have no effect on the average cost of the currency position .

Repurchase agreements involving securities denominated in foreign currencies shall have no effect on the average cost of the currency position .

Securities of euro area residents denominated in euro 7.1 . 7.2 .

Claims on euro area residents denominated in foreign currency Claims on non euro area residents denominated in euro 4.1 .

Liabilities to non euro area residents denominated in foreign currency 8.1 .

Article 12 Foreign exchange forward transactions 1 .

As at 31 December 2002 , the following transactions were outstanding , stated at nominal value Foreign currency interest rate futures Purchases Sales Contract value Euros 1,130,775,475 682,464,004

Recommendations related to foreign direct investment transactions , including related income , and positions ( 1 ) Action

Liabilities to euro area residents denominated in foreign currency Liabilities to non euro area residents denominated in foreign currency Deposits , balances and other liabilities

Liabilities to euro area residents denominated in foreign currency Liabilities to noneuro area residents denominated in foreign currency Deposits , balances and other liabilities

Liabilities equivalent to the transfer of foreign reserves

Foreign currency credit or guarantee cover accounts .

Liabilities equivalent to the transfer of foreign reserves

( Foreign currency ) credit or guarantee cover accounts .

buying and selling foreign currencies on the foreign exchange markets

Taxation ( suspense ) accounts . ( Foreign currency ) credit or guarantee cover accounts .

Liabilities to euro area residents denominated in foreign currency

A higher foreign currency LDR will mean tighter restrictions on long renminbi positions.