In the liquidity-providing operation with the central bank, the difference between the higher purchase price – say: 100 – and the contractually fixed lower repurchase price – say: 99.5 – by the banks, converted to annual percentages. – In the liquidity-siphoning transaction with the central bank, the difference between the lower selling price – say: 99.5 – and the higher repurchase price – say: 100 – by the central bank, calculated in annual percentages. – The ECB reports (in its Monthly Bulletin, in the section “Euro area statistics,” under the heading “Monetary statistics,” under the subheading “Main refinancing operations” and “Other”) the following data
tender transactions”) issue the corresponding rates. – See repurchase agreement, repo
Business, allotment rate, marginal, allotment procedure, Dutch
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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