Decision 2014/34 (ECB/2014/34)

means the most recent month for which eligible net lending data is available for each TLTRO allotment;

means a credit institution as defined in Appendix 2 (Glossary) of Annex I to Guideline ECB/2011/14;

means loans to non-financial corporations and households (including non-profit institutions serving households) resident in Member States whose currency is the euro, except loans to households for house purchases, and ‘resident’ for these purposes means the term as defined in Article 1 of Council Regulation (EC) No 2533/98;

means gross lending in the form of eligible loans net of repayments of outstanding amounts of eligible loans during a specific period, as further detailed in Annex II;

(MFI) means the term as defined in Article 1 of Regulation (EC) No 25/2009 of the European Central Bank (ECB/2008/32);

means outstanding eligible loans on the balance sheet, excluding eligible loans securitised or otherwise transferred without derecognition from the balance sheet, as further detailed in Annex II;

means a counterparty eligible for Eurosystem monetary policy open market operations in accordance with Annex I to Guideline ECB/2011/14, which submits bids in TLTRO tender procedures either on an individual basis or on a group basis as a lead institution and which is subject to all the rights and obligations associated with its participation in the TLTRO tender procedures;

means the NCB of the euro area Member State in which a participant is established.

means the direct reduction of the carrying amount of a loan on the (statistical) balance sheet owing to its impairment.

means a write-down of the full carrying amount of a loan leading to its removal from the balance sheet.