The glossary shall ensure a consistent use of terms in all of the ESCB’s publications that relate to payments, clearing and settlement.
The glossary was compiled by a committee of experts within the ESCB. The terms are defined in a user-friendly and non-legalistic style in order to promote their acceptance.
The glossary is intended to be used to ensure a consistent use of terms in all of the ESCB’s publications that relate to payments, clearing and settlement. It would also be available to other institutions of the European Community for reference, if deemed necessary.
Deadline for comments is 1 January 2009.
Press release
Consultation document
© ECB - European Central Bank
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