Examples of Target payment in a sentence
That is why the German commercial banks will only borrow a correspondingly lower amount of central bank money from the Bundesbank when money flows in through the international Target payment system.
Thus, German commercial banks will either borrow a correspondingly lower amount of central bank money from the Bundesbank when central bank money flows in through the international Target payment system, or they will place the unneeded liquidity on the ECB deposit facility or time deposit to collect interest.
Target payment amounts assume achievement of 100% of the target corporate performance objective.
Precisely speaking, they net out in the euro countries, the ECB and those EU member countries that also use the Target payment system.
While Target balances in general should add up to zero, the residual of the data presented here is explained by the ECB’s own Target liabilities stemming from asset transfers from NCBs, by Target claims of some non-Eurozone NCBs that are connected to the Target payment system and which have converted euros into national currency, and by measurement errors resulting from differences between the true balance sheet data and the imperfect IMF proxies.