ESCB and Position netting: Difference between pages

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European System of Central Banks.
The netting of instructions relating to obligations between two or more parties, as a result of which neither satisfies nor discharges those original individual obligations.


The ESCB comprises:
Also known as Advisory netting.
*The European Central Bank and
*The national central banks of all European Union member states, whether or not they have adopted the euro as their currency.


This is also referred to as payment netting in the case of payment orders.


== See also ==
== See also ==
* [[Central bank]]
* [[Netting]]
* [[Euro]]
* [[Payment netting]]
* [[Euro zone]]
* [[European Central Bank]]
* [[European Union]]
* [[Eurosystem]]
* [[Monetary Policy Committee]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 14:20, 23 October 2012

The netting of instructions relating to obligations between two or more parties, as a result of which neither satisfies nor discharges those original individual obligations.

Also known as Advisory netting.

This is also referred to as payment netting in the case of payment orders.

See also


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