bilateral procedure

What is bilateral procedure?

bilateral procedure definition and meaning on Finance terms:
A procedure whereby the central bank deals directly with only one counterparty or a few counterparties on a one-to-one basis, without making use of tender procedures. Bilateral procedures include operations executed through stock exchanges or market agents. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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