General Search
Multiple search words are automatically linked with "AND". Text enclosed in quotation marks (") returns only the pages in which this text occurs exactly. With the search filters next to the results you have the possibility to further limit your search.
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Market risk
Market risk is the risk of losses in on- and off-balance sheet risk positions arising from movements in market prices. Under the Capital Requirements Regulation (CRR), credit institutions are required to hold own funds for market risk to cover foreign exchange risk and commodities risk in their non-trading and trading books as well as position risk (risk of positions in debt and equity instruments) in their trading book. They can use either the standardised approach or internal risk models to calculate their market risk.
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Zinssatz
No English translation available
Der Zinssatz des GLRG-II orientiert sich an der Nettokreditvergabe der Institute. Eine Übersicht finden Sie hier.
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Zusätzliche längerfristige Refinanzierungsgeschäfte
No English translation available
Der EZB-Rat hat beschlossen, zur Unterstützung der Bankenliquidität und der Geldmarktaktivitäten vorübergehend zusätzliche längerfristige Refinanzierungsgeschäfte (additional longer-term refinancing operations - LTRO) durchzuführen.
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Downloadbereich
No English translation available
Alle zu den GLRG‑II verfügbaren Dokumente auf einen Blick
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The operational framework for implementing monetary policy during the period of markedly low inflation starting in 2014
The Eurosystem’s monetary policy measures in the years following the European sovereign debt crisis were shaped, in particular, by a prolonged period in which inflation rates were well below the Eurosystem’s target. Against this backdrop, the ECB Governing Council decided, starting in 2014, to conduct various targeted longer-term refinancing operations (TLTROs) and launch temporary monetary policy purchase programmes in addition to the existing operational framework.
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PSPP Auctions
Pursuant to Eurosystem rules, auctions may be used alongside bilateral transactions as a supplementary procedure for specific market segments under the public sector purchase programme (PSPP). Within this framework, the Bundesbank conducts one multi-ISIN auction covering up to 10 securities on the second and fourth Thursday of every month. Advance notice for the auctions is issued on the Friday prior to the relevant auction.
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Gezielte längerfristige Refinanzierungsgeschäfte I (GLRG-I)
No English translation available
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Pandemic emergency longer-term refinancing operation (PELTRO)
No English translation available
Der EZB-Rat hat beschlossen, weitere LTRO, genannt PELTRO (Pandemic emergency longer-term refinancing operation) durchzuführen, um die Liquiditätsbedingungen im Euroraum zu unterstützen und einen Beitrag zu leisten, das Funktionieren der Geldmärkte sicher zu stellen.
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Announcement of a multi-ISIN auction – Reopening of two Federal bonds
208 KB, PDF
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Freiwillige vorzeitige Rückzahlungen
No English translation available
Die im Rahmen des GLRG-II aufgenommenen Mittel können zwei Jahre nach ihrer Valutierung freiwillig in vierteljährlichen Rhythmus zurückgezahlt werden.