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Correspondent Central Banking Model | Send-To | Print | More
[syn: CCBM]
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© European Central Bank

A model established by the ESCB with the aim of enabling counterparties to use underlying assets in a cross-border context. In the CCBM, national central banks act as custodians for each other. This implies that each national central bank has a securities account in its securities administration for each of the other national central banks (and for the ECB). The Eurosystem may apply specific solutions for the cross-border use of non-marketable assets.
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