asset liability management

These liabilities arise from repurchase agreements conducted with euro area and non euro area residents in connection with the management of the foreign currency reserves of the ECB .

The remainder of this balance consists principally of accrued interest on securities and other financial assets . 10 LIABILITIES TO NON EURO AREA RESIDENTS DENOMINATED IN FOREIGN CURRENCY The liabilities arising from repurchase agreements conducted with non euro area residents in connection with the management of the foreign currency reserves of the ECB are as follows 2003 Euros Repurchase agreements 2002 Euros Change Euros

3 ) the reclassification of assets and liabilities

Human resources management reform

(c) Enhancement of the Investment Management Service through the addition of five new posts, indexed management costs, including the costs of transition management services, and consultant costs

ANNEX I COMPOSITION OF THE LIABILITY BASE A. The liability base shall include , with the exclusion of any other item 1 .

Managing the effects of globalization on youth

Passive smokers are the victims of active smokers.

Equally important has been the substantial progress in the management of assets and liabilities , where sophisticated models including tailored behavioural assumptions on assets and liquidities are superseding simpler static liquidity ratios .

Remaining liabilities Remaining liabilities

Human resources management

A. Framework for human resources management

10 Intra Eurosystem liabilities 10.1 Liabilities equivalent to the transfer of foreign reserves 10.2 Liabilities related to promissory notes backing the issuance of ECB debt certificates 10.3 Net liabilities related to the allocation of euro banknotes within the Eurosystem ( ) 10.4 Other liabilities within the Eurosystem ( net ) ( )

Liabilities to other euro area residents denominated in euro other liabilities

Liabilities to other euro area residents denominated in euro other liabilities Domestic

Statistics on central government deposit liabilities .

11 INTRA EUROSYSTEM LIABILITIES These represent the liabilities to euro area NCBs that arose from the transfer of foreign reserve assets to the ECB .

Password Management

asset management,

About the Archives The ECB Archives are managed by the Archives amp Records Management Section within the Archives , Library and Records Division of the Directorate General Secretariat and Language Services .

Intra Eurosystem liabilities net liabilities related to allocation of euro banknotes within the Eurosystem 11 Items in course of settlement Remaining liabilities

Liabilities to other euro area residents denominated in euro other liabilities 12 Other liabilities

Liabilities to other euro area residents denominated in euro other liabilities 12 Other liabilities Domestic

Liabilities to other euro area residents denominated in euro other liabilities Other participating Member States Other liabilities Other participating Member States

Checked A dialog where settings can be changed when saving image files Unchecked Default settings are used when saving image files

Checked Color Management is enabled Unchecked Color Management is disabled

Deposits , balances and other liabilities Liabilities arising from the credit facility under ERM II

Liabilities to non euro area residents denominated in foreign currency deposits , balances and other liabilities Liabilities to non euro area residents denominated in foreign currency liabilities arising from the credit facility under ERM II Other liabilities

With regard to the national balance of payments ( b.o.p. ) and the international investment position ( i.i.p. ) , the statistics are compiled by the NCBs in accordance with the concepts and definitions laid down in the fifth edition of the IMF Balance of Payments Manual ( BPM5 ) and following methodological standards set out by the ECB and Eurostat .

The ECB 's foreign reserves are currently managed in a decentralised manner by the NCBs that opt to take part in operational ECB foreign reserve management activities .

Liabilities to euro area residents denominated in foreign currency 12 Other liabilities

Liabilities to euro area residents denominated in foreign currency Domestic

Liabilities related to promissory notes backing the issuance of ECB debt certificates ( ) Net liabilities related to allocation of euro banknotes within the Eurosystem ( ) ( )

land use , with the exception of waste management

The standards address legal safety , financial risk management , security and operational reliability , efficiency , access criteria and system governance .

Settings for Color Management Customize color management settings

Liabilities to euro area residents denominated in foreign currency

Liabilities arising from the credit facility under ERM II Borrowing according to the conditions of ERM II

Total Liabilities

Liability accounts

Liabilities arising from the credit facility under ERM II Counterpart of special drawing rights allocated by the IMF Other liabilities 10.1 .

These shall include cash flows arising from assets , liabilities , off balance sheet items , including contingent liabilities and the possible impact of reputational risk .

The monetary aggregates calculated by the ECB may include deposit liabilities and close substitutes for deposit liabilities issued by the central government .

The Guideline without its annexes will be published in the Official Journal of the European Communities .