The value of their assets matters to them.

Other assets Euro coins Nominal value

usually investment transactions using foreign currency assets or gold Nominal value Mandatory 5.1

Other external assets Nominal value , translation at the foreign exchange market rate

( c ) Investment in subsidiaries or significant interests Net asset value

Other external assets Nominal value , trans lation at the foreign exchange market rate

( d ) Other external assets Nominal value , translation at the foreign exchange market rate

( d ) Other external assets Nominal value , translation at market Foreign exchange rate

( d ) Other external assets Nominal value , translation at the year end foreign exchange market rate

( c ) Investment in subsidiaries or significant interests Net asset value

One way or another, the real value of those claims will have to be reduced.

( a )( i )

Other external assets Nominal value , translation at the foreign exchange market rate

So, if both states are active it would return 3, for example.

Even if the asset pool declines in value, the fund s managers keep the value of each share at 1.00 by rounding upward the fund s real value.

Contingent short term net drains on foreign currency assets ( nominal value )

All other financial assets and liabilities are shown at nominal value .

The projections , which are published twice a year , form part of the second pillar of the monetary policy strategy of the European Central Bank ( ECB ) and are one of several inputs into the Governing Council 's assessment of the risks to price stability . Quick tender the tender procedure used by the Eurosystem for fine tuning operations .

Where the value of a NCB 's earmarkable assets exceeds or falls short of the value of its liability base , the difference shall be offset by applying to the value of the difference the average rate of return on the earmarkable assets of all NCBs taken together .

Money market the market in which short term funds are raised , invested and traded using instruments which generally have an original maturity of up to and including one year . Open market operation an operation executed on the initiative of the central bank in the financial markets involving one of the following transactions ( i ) buying or selling assets outright ( spot or forward )

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 .

Non marketable assets Non marketable assets are assigned a value corresponding either to the theoretical price or to the outstanding amount .

49 NON MARKETABLE ASSETS Non marketable assets are assigned a value corresponding either to the theoretical price or to the outstanding amount .

The total amount of eligible assets J ( for j 1 to J

Settlement an act that discharges obligations in respect of funds or assets transfers between two or more parties .

In relation to foreign exchange forward transactions , the spot rate is the rate to which the forward points are applied in order to derive the forward rate .

Similarly , if the value of the underlying assets , following their revaluation , exceeds a certain level , the counterparty may retrieve the excess assets or cash .

Similarly , if the value of the underlying assets , following their revaluation , exceeds a certain level , the counterparty may retrieve the excess assets or cash .

Valuation principles for underlying assets When determining the value of underlying assets used in reverse transactions , the Eurosystem applies the following principles Marketable assets For each eligible marketable asset , the Eurosystem defines the most representative price source to be used for the calculation of the market value .

Table 3 Monthly international reserves of the Eurosystem reserve related liabilities of the euro area I. Official reserve assets and other foreign currency assets ( approximate market value ) A. Official reserve assets 1 .

This implies that if the market value of the underlying assets falls below the lower trigger point , counterparties have to supply additional assets ( or cash ) .

Assets or claims ( from defaults ) Cost ( converted at the foreign exchange market rate at the time of the acquisition if financial assets are denominated in foreign currencies ) Nominal value

On a daily basis , national central banks calculate the required value of underlying assets taking into account changes in outstanding credit volumes , the valuation principles outlined in Section 6.5 and the required valuation haircuts .

usually investment transactions using foreign currency assets or gold Nominal value or repo cost

Securities of euro area residents denominated in euro

Similarly , if the value of the underlying assets , fol lowing their revaluation , exceeds a certain level , the counterparty may retrieve the excess assets or cash .

Financial fixed assets are shown at acquisition cost less any provision for a permanent diminution in value .

Nominal value , translation at foreign exchange market rate

In fact, the value of assets held by such funds fluctuates, and it is only an accounting convention permitted by regulators that allows them to report a stable value.

Remuneration of foreign reserve assets transferred to the ECB On transferring foreign reserve assets to the ECB upon joining the Eurosystem , each NCB acquired a remunerated claim on the ECB for the value of the amount it transferred .

Pooling system see collateral 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 on a certain date ( or dates ) during the coupon accrual period .

Reserve requirement the requirement for institutions to hold minimum reserves with the central bank . Within the minimum reserve framework of the Eurosystem , the reserve requirement of a credit institution is calculated by multiplying the reserve ratio for each category of items in the reserve base with the amount of those items on the institution 's balance sheet .

Balances with banks and security investments , external loans and other external assets Claims on euro area residents denominated in foreign currency

Similarly , if the value of the underlying assets , following their revaluation , exceeds a certain level , the central bank returns the excess assets or cash to the counterparty .

This implies that counterparties need to provide underlying assets with a value at least equal to the liquidity provided by the Eurosystem plus the value of the initial margin .