We are always working to improve this website for our users. To do this, we use the anonymous data provided by cookies. Learn more about how we use cookies
We are always working to improve this website for our users. To do this, we use the anonymous data provided by cookies. Learn more about how we use cookies
Any asset that is (i) cash; or (ii) a contractual right to receive cash or another financial instrument from another enterprise; or (iii) a contractual right to exchange financial instruments with another enterprise under conditions that are potentially favourable; or (iv) an equity instrument of another enterprise.
financial liability
Any liability that is a legal obligation to deliver cash or another financial instrument to another enterprise or to exchange financial instruments with another enterprise under conditions that are potentially unfavourable.
financial stability
The condition in which the financial system – comprising financial intermediaries, markets and market infrastructures – is capable of withstanding shocks and the unravelling of financial imbalances, thereby mitigating the likelihood of disruptions in the financial intermediation process which are severe enough to significantly impair the allocation of savings to profitable investment opportunities.
The net position in the respective currency. For the purpose of this definition special drawing rights (SDRs) shall be considered as a separate currency.
foreign exchange operations
The buying or selling of foreign exchange. In the context of the Eurosystem, this means buying or selling other currencies against euro.
forward transactions in securities
Over-the-counter contracts in which the purchase or sale of an interest rate instrument (usually a bond or note) is agreed on the contract date, for delivery at a future date, at a given price.