Examples of Liquidity Bank in a sentence
Liquidity Bank Agreement: An agreement between a Settlement Bank and VPS entitling the bank to operate as a Liquidity Bank in VPO NOK and that regulates the rights and duties of the bank and VPS in this respect.
If the notification regards subsequent Settlement cycles on a settlement day, the notification must be given by the Liquidity Bank before Clearing is carried out, cf.
Additional Liquidity can only be provided by the Liquidity Bank that has provided the Base Liquidity for the Participant.
A Participant can only use as a Liquidity Bank or Substitute Liquidity Bank a bank that is a Settlement Bank and that has entered into a Liquidity Bank agreement with VPS.
Where a Participant uses a Liquidity Bank, payment settlement will take place using the Liquidity Bank’s VPO LOM account with Norges Bank.