OVERNIGHT DEPOSITS


Meaning of OVERNIGHT DEPOSITS in English

Deposits with next-day maturity. This instrument category comprises mainly those sight/demand deposits that are fully transferable (by cheque or similar instrument). It also includes non-transferable deposits that are convertible on demand or by close of business the following day. Overnight deposits are included in M1 (and hence in M2 and M3).

European Central Bank English Glossary.      Английский глоссарий Европейского Центрального Банка.