quick tender

What is quick tender?

quick tender definition and meaning on Finance terms:
The tender procedure used by the Eurosystem for fine-tuning operations when it is deemed desirable to have a rapid impact on the liquidity situation in the market. Quick tenders are executed within a time frame of one hour and are restricted to a limited set of counterparties. <


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