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contrepartie
counterparty
Last Update: 2017-01-27
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contrepartie a
the precise procedure of the ccbm depends on whether the eligible assets are earmarked for each individual transaction or whether they are held in a pool of underlying assets [93]. in an earmarking system, as soon as a counterparty’s bid for credit is accepted by the national central bank of the member state in which the counterparty is established (i.e. the ‘home central bank’), the counterparty instructs (via its own custodian, if necessary) the sss in the country in which its marketable assets are held to transfer them to the central bank of that country for the account of the home central bank.
Last Update: 2014-11-21
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