Overnight deposits

Deposits with next-day maturity. This instrument category comprises mainly those sight/demand deposits that are fully transferable (by cheque or similar instrument). It also includes non-transferable deposits that are convertible on demand or by close of business the following day. Overnight deposits are included in M1 (and hence in M2 and M3). (European Central Bank)

YOU MAY ALSO LIKE

Outright transaction

Output gap

Other revaluations

Other lending

other financial intermediary (OFI)

OTC (over-the-counter) trading