Minimum size

Euro Minimum size

3 Minimum size of loans From 2007 to 2012 each NCB will apply a minimum size of its choice .

Minimum size At the time of submission for use as collateral ( mobilisation ) by the counterparty , the credit claim must meet a minimum size threshold .

Minimum size At the time of submission for use as collateral ( mobilisation ) by the counterparty , the credit claim must meet a minimum size threshold . In an interim period ( 1 January 2007 to 31 December 2011 ) , each Eligible assets

( 17 ) The Banque centrale du Luxembourg ( BcL ) will apply the common minimum threshold for cross border use as from 1 January 2008 at the latest .

Until then , BcL will apply a minimum threshold of EUR 1 000 000 .

Until then , BcL will apply a minimum threshold of EUR 1 000 000 .

Central banks . Public sector .

for cross border use common threshold of EUR 500 000 ( 4 ) . As from 1 January 2012 common minimum threshold of EUR 500 000 throughout the euro area .

The minimum amount of any of the limits shall be EUR 1 million .

Instruments must be centrally deposited in book entry form with central banks or an SSS fulfilling the ECB 's minimum standards .

Minimum size threshold at the time of submission of the credit claim Between 1 January 2007 and 31 December 2011 for domestic use choice of the NCB , for cross border use common threshold of EUR 500 000 ,

Intraday distribution of TARGET cross border payments 2001 ( in percentages ) value volume 100 90 80 70 60 50 40 30 20 10 0 value

Gross M A activity includes transactions in which companies of a given country are either the acquirer or the target .

This implies that if the value , measured on a regular basis , of the underlying assets falls below a certain level , the national central bank will require the counterparty to supply additional assets or cash ( i.e. a margin call ) .

Zero coupon bond a security paying only one cash flow during its life .

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

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16 Expressed as such or in the national denominations of the euro . 17 Between 1 January 2007 and 31 December 2011 , an intermediate regime will be in place for credit claims , allowing each national central bank to choose the minimum threshold for the size of credit claims eligible for collateral purposes ( apart from crossborder use ) and whether a handling fee should be applied .

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If these procedures are in place , defining a minimum amount for individual bank loans will lose relevance .

By December 2002 the daily settlement values in CLS had reached USD 268 billion .

For crossborder use , a common minimum threshold of EUR 500 000 is applicable in the interim period ( 17 ) .

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The Eurosystem uses repurchase agreements with a fixed maturity in its reverse transactions .

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Treaty refers to the Treaty establishing the European Community .

In December 2003 the CLS settled , on average , 37,000 trades per day to the value of USD 550 billion .

Remaining assets MINIMUM MINIMUM MINIMUM

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

Zero coupon bond a security paying only one cash flow during its life .

The ECB may also request that the overall amount of any such transaction be divided into two or more transactions .

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As from 1 January 2012 , a unified regime will be in place . 18 Credit claims are also referred to as bank loans .

Security identifier code Number of units or aggregated nominal amount Price Total amount Transactions Securities purchased ( assets ) or issued ( liabilities ) Securities sold ( assets ) or redeemed ( liabilities ) Currency of recording of the security

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23 January 2003 Allotment amount of the longer term refinancing operations in the year 2003

MINIMUM MINIMUM ( 2 )

As from 1 January 2012 a common minimum threshold of EUR 500 000 will be applicable to all credit claims throughout the euro area .