# Deposits with agreed maturity

- Canonical URL: https://www.gerhardmerk.de/deposits-with-agreed-maturity
- Post ID: 593110
- Modified: 2023-07-25T21:00:01+00:00
- Language: en

## Definition

In the ECB's statistical system, these are - time deposits with a predefined maturity which, according to national practices, cannot be converted before the expiry of the agreed maturity, or can be converted only against payment of a penalty. It also includes - some non-marketable debt instruments, such as non-marketable certificates of deposit for sale to bank customers. - Deposits with an agreed maturity of up to two years are included in M 2 (and hence also in M 3). - Deposits with an agreed maturity of over two years, on the other hand, are included in the (nonmonetary) longer-term financial liabilities of the monetary financial institutions sector. - See also the ECB's guide "The single monetary policy in Stage Three: General documentation on monetary policy instruments and procedures," p. 107, and the ECB's Monthly Bulletin, annex "Euro area statistics," section "Monetary developments, banks and investment funds. 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/

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