collection of fixed-term deposits

What is collection of fixed-term deposits?

collection of fixed-term deposits definition and meaning on Finance terms:
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. <

 

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

Tags: