Correspondent central banking model (CCBM) - Financial definition
Financial acronyms
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Concise definition of the term correspondent central banking model
The correspondent central banking model was introduced by the Eurosystem in 1999 at the same time as the euro. Its main purpose is to ensure the availability of all marketable and non-marketable assets eligible for use in monetary policy operations or to obtain intraday credit in TARGET2, irrespective of where the assets or the counterparty are located.