Means of Settlement. 14.1. When a financing operation falls due or in the event of advance repayment, settlement shall in principle be carried out by means of holdings in the creditor's currency. 14.2. This provision shall be without prejudice to other forms of settlement agreed between creditor and debtor central banks.
Appears in 4 contracts
Samples: Agreement Between the European Central Bank and the National Central Banks of the Member States Outside the Euro Area Laying Down the Operating Procedures for an Exchange Rate Mechanism in Stage Three of Economic and Monetary Union, Agreement Between the European Central Bank and the National Central Banks of the Member States Outside the Euro Area Laying Down the Operating Procedures for an Exchange Rate Mechanism in Stage Three of Economic and Monetary Union, Agreement Between the European Central Bank and National Central Banks Regarding Exchange Rate Mechanism Procedures
Means of Settlement. 14.1. When a financing operation falls due or in the event of advance repayment, settlement shall in principle be carried out by means of holdings in the creditor's ’s currency.
14.2. This provision shall be without prejudice to other forms of settlement agreed between creditor and debtor central banks.
Appears in 2 contracts
