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imported>Doug Williamson |
imported>Doug Williamson |
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| 'Legacy' refers to older systems, contracts or other arrangements, implemented before current systems, regulations or other market conditions, but still having a remaining life until their retirement or final maturity.
| | The average value of the bid price and offer price of a traded asset. |
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| | Also known as Mid price or Mid rate. |
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| :<span style="color:#4B0082">'''''Legacy RTGS systems'''''</span>
| | == See also == |
| | | * [[Bid price]] |
| :"TARGET2 is run by the Eurosystem under the responsibility of the Governing Council of the ECB.
| | * [[Offer]] |
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| :The NCBs of France, Germany and Italy jointly provide the single technical infrastructure and operate it on behalf of the Eurosystem.
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| :All of the eurozone countries have migrated to TARGET2 and have chosen to close their legacy RTGS systems upon migration."
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| :''The Treasurer's Handbook, Payments and payment systems.''
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| :<span style="color:#4B0082">'''''Legacy LIBOR contracts'''''</span>
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| :"Legacy contracts are those that do not mature until after the end of 2021.
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| :Depending on the financial product under consideration (loan, derivative etc), the precise response to the disappearance of LIBOR will vary."
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| :''ACT Briefing Note, Transition to risk free rate benchmarks.''
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| ==See also== | |
| * [[European Central Bank]] (ECB) | |
| *[[Eurosystem]]
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| *[[Eurozone]] | |
| *[[Fallback]]
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| *[[LIBOR]]
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| * [[Migration]]
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| *[[NCB]]
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| *[[Payments and payment systems]]
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| * [[Real-time gross settlement system]] (RTGS)
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| *[[Risk-free rates]]
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| * [[T2]]
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| *[[TARGET2]]
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| *[[Tough legacy]]
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| [[Category:Financial_products_and_markets]]
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| [[Category:Technology]]
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Revision as of 21:24, 22 March 2015
The average value of the bid price and offer price of a traded asset.
Also known as Mid price or Mid rate.
See also
