en

indirect holding of minimum reserves through an intermediary

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Terminological databases

EKI terminibaas Esterm

ID 717484 Last modified 30.12.2004
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Domain banking systems & trust companies
indirect holding of minimum reserves through an intermediary
Usage examples
  • Indirect holding of minimum reserves through an intermediary 1. An institution may apply for permission to hold all its minimum reserves indirectly through an intermediary which is resident in the same Member State. The intermediary shall be an institution subject to reserve requirements which normally effects part of the administration (e.g. treasury management) of the institution for which it is acting as intermediary, beyond the holding of minimum reserves.

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