Minimum size

Euro Minimum size

3 Minimum size of loans From 2007 to 2012 each NCB will apply a minimum size of its choice .

Minimum size At the time of submission for use as collateral ( mobilisation ) by the counterparty , the credit claim must meet a minimum size threshold .

Minimum size At the time of submission for use as collateral ( mobilisation ) by the counterparty , the credit claim must meet a minimum size threshold . In an interim period ( 1 January 2007 to 31 December 2011 ) , each Eligible assets

Until then , BcL will apply a minimum threshold of EUR 1 000 000 .

Until then , BcL will apply a minimum threshold of EUR 1 000 000 .

Central banks . Public sector .

for cross border use common threshold of EUR 500 000 ( 4 ) . As from 1 January 2012 common minimum threshold of EUR 500 000 throughout the euro area .

The minimum amount of any of the limits shall be EUR 1 million .

The amount of the charge of each participating NCB shall be in proportion to its key for subscription to the capital of the ECB .

Instruments must be centrally deposited in book entry form with central banks or an SSS fulfilling the ECB 's minimum standards .

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Minimum size threshold at the time of submission of the credit claim Between 1 January 2007 and 31 December 2011 for domestic use choice of the NCB , for cross border use common threshold of EUR 500 000 ,

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This implies that if the value , measured on a regular basis , of the underlying assets falls below a certain level , the national central bank will require the counterparty to supply additional assets or cash ( i.e. a margin call ) .

Zero coupon bond a security paying only one cash flow during its life .

Similarly , if the value of the underlying assets , following their revaluation , exceeds a certain level , the counterparty may retrieve the excess assets or cash .

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16 Expressed as such or in the national denominations of the euro . 17 Between 1 January 2007 and 31 December 2011 , an intermediate regime will be in place for credit claims , allowing each national central bank to choose the minimum threshold for the size of credit claims eligible for collateral purposes ( apart from crossborder use ) and whether a handling fee should be applied .

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If these procedures are in place , defining a minimum amount for individual bank loans will lose relevance .

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For crossborder use , a common minimum threshold of EUR 500 000 is applicable in the interim period ( 17 ) .

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Convergence criteria Capital subscription

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