Flow (transactions)

The creation, transformation, exchange, transfer or extinction of economic value involving a change in the ownership of goods and/or financial assets, the provision of services or the provision of labour and capital. Flows can be calculated as differences in stocks adjusted to remove the effect of reclassifications, exchange rate variations, other revaluations and any other changes that do not arise from transactions. (European Central Bank)

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Stage Three

Clearing member

Maximum bid limit

Authorisation

Interest rate

Organisation for Economic Co-operation and Development (OECD)