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financial stability review all publications on financial stability
financial stability review all publications on financial stability

1.1 scope of agreement the purpose of this agreement ( hereinafter referred to as the » agreement «) is to ensure that the ecb is able to net all existing positions under all outstanding transactions made between the ecb and the counterparty , regardless of any agent or agents authorised to act on behalf of the ecb through whom the transactions giving rise to those positions may have been effected , including the central bank of any member state of the european union which has adopted the euro as its currency , and regardless of which office ( including the head office and all branches ) of the counterparty may be involved in such transactions , and after taking into account the effect of any existing netting provisions in master or other agreements between the ecb and the counterparty and / or provisions of mandatory law that operate with similar effect that may apply to certain of such transactions .
1.1 scope of agreement the purpose of this agreement ( hereinafter referred to as the « agreement » ) is to ensure that the ecb is able to net all existing positions under all outstanding transactions made between the ecb and the counterparty , regardless of any agent or agents authorised to act on behalf of the ecb through whom the transactions giving rise to those positions may have been effected , including the central bank of any member state of the european union which has adopted the euro as its currency , and regardless of which office ( including the head office and all branches ) of the counterparty may be involved in such transactions , and after taking into account the effect of any existing netting provisions in master or other agreements between the ecb and the counterparty and / or provisions of mandatory law that operate with similar effect that may apply to certain of such transactions .