# Quick tender

- Canonical URL: https://www.gerhardmerk.de/quick-tender
- Post ID: 588809
- Modified: 2023-07-25T21:13:15+00:00
- Language: en

## Definition

Tender procedure used at the ECB for fixed-term contracts in fine-tuning operations. - Quick tenders are usually announced only ninety minutes in advance and executed within one hour. However, they may also occur on the basis of bilateral operations, especially in liquidity-absorbing operations, where a limited number of counterparties may be selected. In this case - i.e. when the transaction cannot be settled with all counterparties - the selection is made according to a rotation system in order to ensure equal consideration of counterparties. - As a rule, quick tenders are executed by the national central banks; however, the ECB itself may also execute such tenders. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1