branchmeans ‘branch’ as defined in Article 4(1)(17) of Regulation (EU) No 575/2013;
credit institutionmeans ‘credit institution’ as defined in Article 4(1)(1) of Regulation (EU) No 575/2013;
divisionmeans an operation whereby one credit institution (the institution being divided), on being dissolved without going into liquidation, transfers all its assets and liabilities to more than one institution (the recipient institutions), which may be newly established credit institutions.
end-of-day balancemeans the reserve holdings at the time when the finalisation of payment activities has taken place and entries relating to access to the standing facilities of the Eurosystem have been made;
euro area Member Statemeans a Member State whose currency is the euro;
maintenance periodmeans the period over which compliance with minimum reserve requirements is assessed;
mergermeans an operation whereby one or more credit institutions (the acquired institutions), on being dissolved without going into liquidation, transfer all their assets and liabilities to another credit institution (the acquiring institution), which may be a newly established credit institution;
minimum reserve requirementsmeans all the requirements that institutions are required to comply with pursuant to this Regulation in relation to minimum reserves as regards the calculation, notification, acknowledgement, and maintenance of minimum reserves, and reporting and verification;
minimum reservesmeans the amount of funds that an institution is required to hold as reserves in its reserve accounts with the relevant national central bank;
relevant NCBmeans the national central bank (NCB) of the euro area Member State in which the institution is resident;
reserve accountsmeans the accounts in which an institution holds its reserves with the relevant NCB;
reserve basemeans the sum of the eligible liabilities used for calculating the minimum reserves of an institution;
reserve ratiomeans the percentage applied to items of the reserve base for calculating an institution’s minimum reserves;
residentmeans any natural or legal person residing in any of the euro area Member States within the meaning of Article 1(4) of Council Regulation (EC) No 2533/98;