Eurosystem central bank definition

Eurosystem central bank means the ECB and the national central banks of the Member States whose currency is the euro;
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Eurosystem central bank means either a euro area NCB or the ECB, as the case may be;
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Eurosystem central bank means either the European Central Bank (ECB) or a national central bank of a Member State whose currency is the euro;
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Examples of Eurosystem central bank in a sentence

  • The contracts with CSDs and amendments thereto shall be approved by the Governing Council and subsequently signed by the Eurosystem central bank of the country where the seat of the CSD is located, or by the ECB for CSDs located outside the euro area, in either case acting in the name and on behalf of all Eurosystem central banks.

  • The MDA will use Research, Development, Test & Evaluation funding for this requirement.

  • In relation to Ireland, the contract shall be signed by the Eurosystem central bank of the Member State that has notified the securities settlement system in accordance with Article 10 of Directive 98/26/EC.

  • For the purposes of this Article, ‘domestic central bank’ means any of the following: (a) any Eurosystem central bank where the credit institution's home Member State has adopted the Euro as its currency; (b) the national central bank of the credit institution's home Member State where that Member State has not adopted the Euro as its currency; (c) the central bank of the third country in which the credit institution is incorporated.

  • It is important to note that some Eurosystem central bank governors have been important figures in the ESRB’s Safe Asset Working Group.for the underlying (sovereign) collateral.

  • Each Eurosystem central bank shall act as a relying party in relation to certificates for encryption and electronic signature issued by the ESCB-PKI for other Eurosystem central banks or third party users’ certificate subscribers.

  • A counterparty of a Eurosystem central bank can transfer any excess liquidity on a daily basis from the current account to the deposit facility and, thus, get the remuneration rate of the deposit facility on their excess reserves.

  • Any Eurosystem central bank that becomes an ERMS provider or that terminates its status as an ERMS provider shall inform the ECB accordingly.

  • Subject to any specific provisions applicable to, or agreed upon by a Eurosystem central bank, each Eurosystem central bank providing Eurosystem reserve management services or any part thereof to its customers, shall be liable for any such services that it provides.

  • As a result, crypto-asset service providers must either be eligible Eurosystem counterparties, or operate through a correspondent bank with an account at the relevant Eurosystem central bank.


More Definitions of Eurosystem central bank

Eurosystem central bank means either an NCB of a Member State whose currency is the euro or the ECB.
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Eurosystem central bank means either an NCB of a Member State whose currency is the euro, including the providing central bank, or the ECB;
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Eurosystem central bank means either a euro area NCB or the ECB;
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Related to Eurosystem central bank

  • Central Bank means the Central Bank of Ireland or any successor regulatory authority with responsibility for the authorisation and supervision of the Company;

  • Central 1 means Central 1 Credit Union.

  • European Union means the member nations of the European Union established by the Treaty of European Union, signed at Maastricht on February 2, 1992, which amended the Treaty of Rome establishing the European Community.

  • Clearance System means the principal domestic clearance system customarily used for settling trades with respect to the Underlying as determined by the Calculation Agent acting in accordance with relevant market practice and in good faith.

  • Central Depository means Centrálny depozitár cenných papierov SR, a.s., with its registered seat at ul. 29. augusta 1/A, Bratislava 814 80, Slovak Republic, registered in the Commercial Register maintained by the District Court Bratislava I, Section: Sa, Insert No.: 493/B;