A monetary policy instrument available to the Eurosystem for fine-tuning purposes. The Eurosystem offers remuneration on counterparties' fixed-term deposits on accounts with the national central banks in order to absorb liquidity from the market.
COLLECTION OF FIXED-TERM DEPOSITS
Meaning of COLLECTION OF FIXED-TERM DEPOSITS in English
European Central Bank English Glossary. Английский глоссарий Европейского Центрального Банка. 2012