An invitation (by the ECB) to submit bids, but issued only to a select group of bidders, so that not everyone can participate in the transaction with a bid. – See bid-to-cover ratio, maximum bid amount, maximum bid rate, open market tender operations system, sale, private treaty, tender, restricted, tender procedure, allotment rate, allotment procedure, U.S..
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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/