ESCB and Replacement risk: Difference between pages

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imported>Doug Williamson
(Create the page. Sources: linked pages and ECB webpage https://www.ecb.europa.eu/ecb/orga/escb/html/index.en.html)
 
imported>Doug Williamson
(Create the page. Source: ACT syllabus.)
 
Line 1: Line 1:
European System of Central Banks.
The risk of loss arising from the need to replace a contract before having paid away the principal amount.  


The ESCB comprises 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.
Often quantified approximately as the expected profit foregone.




== See also ==
== See also ==
* [[Euro]]
* [[Credit risk]]
* [[Euro zone]]
* [[Principal risk]]
* [[European Central Bank]]
* [[European Union]]
* [[Eurosystem]]

Revision as of 17:42, 9 February 2015

The risk of loss arising from the need to replace a contract before having paid away the principal amount.

Often quantified approximately as the expected profit foregone.


See also