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Definition: Overnight deposit
Category: ECB terminology
Deposit that is convertible into currency and/or is transferable on demand by cheque, banker’s order, debit entry or similar means, without significant delay, restriction or penalty. Balances representing prepaid amounts in the context of e-money, either in the form of hardware-based e-money (e.g. prepaid cards) or software-based e-money issued by MFIs (Monetary financial institutions), are included. Non-transferable deposits, which are technically withdrawable on demand but which are subject to significant penalties, are excluded. http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2007:341:0001:0232:EN:PDF
Source:
European Central Bank, Guideline of the European Central Bank of 1 August 2007 on monetary, financial institutions and markets statistics (recast), Official Journal of the European Union No L 341, 27.12.2007, p. 1 - 232
European Central Bank, Guideline of the European Central Bank of 1 August 2007 on monetary, financial institutions and markets statistics (recast), Official Journal of the European Union No L 341, 27.12.2007, p. 1 - 232
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