Other Eurosystem tender operations

Description:

This table shows indicators of the quick tender operations used for fine-tuning operations by the ESCB when it is deemed desirable to have a rapid impact on the liquidity situation in the market. Quick tenders are irregular open market operations carried out by the central bank with the main objective of smoothing the effect of unexpected liquidity fluctuations in the market. They are executed within a time frame of one hour and are restricted to a limited set of counterparties.

Source:

ECB.

Definitions and terms:

Fine-tuning operation, quick tender, tender, open market operation, refinancing operation.