Translation of "Garantie de la banque centrale " (French → English) :

Central Bank guarantee

central bank guarantee

central bank [ bank of issue | federal bank | national bank ]

central bank directors | national bank governors | central bank governor | central bankers

asset item secured by collateral in the form of central government or central bank securities

European Central Bank [ ECB [acronym] ]

European System of Central Banks [ ESCB ]

base money | central bank liability | central bank money | high-powered money | monetary base | outside money | primary money | reserve money

central bank credit [ central bank credit facility | central bank finance | credit from central bank ]

The impact is similar to, although not exactly the same as, the lending against collateral that central banks were doing around the world.

The ECB, the European Central Bank, was guaranteed independence.

Senator Massicotte: Further to that same line of questioning, the part that you do not like is that a clearing house could be a non-central-bank guarantee.

(c) securities issued by a private mutual fund; (d) negotiable promissory notes or commercial paper maturing not more than one year from the date of issue, provided that each such note or commercial paper traded to an individual has a denomination or principal amount of not less than $50,000; (e) mortgages or other encumbrances upon real or personal property, other than mortgages or other encumbrances contained in or secured by a bond, debenture or similar obligation or in a trust deed or other instrument to secure bonds or debentures or similar obligations, if such mortgages or other encumbrances are offered for sale by a person or company registered or licensed, or exempted from the requirement to be registered or licensed, by or under ...[+++]an Act of the legislature of a province that regulates persons who sell such mortgages or encumbrances; (f) securities evidencing indebtedness due under any conditional sales contract or other title retention contract providing for the acquisition of personal property if such securities are not offered for sale to an individual; (g) securities issued by an issuer organized exclusively for educational, benevolent, fraternal, charitable, religious or recreational purposes and not for profit, where no commission or other remuneration is paid in connection with the sale thereof; (h) securities issued by a cooperative to which the Canada Co-operatives Act applies or by a cooperative entity incorporated and regulated by or under an Act of the legislature of a province; (i) membership shares of an association to which the Cooperative Credit Associations Act applies, a central cooperative credit society for which an order has been made under subsection 473(1) of that Act or a cooperative credit society incorporated and regulated by or under an Act of the legislature of a province;