Publication of the indicative calendar for the Eurosystem's tender operations in 2003

The European Central Bank (ECB) will today publish the indicative calendar for the Eurosystem's tender operations in 2003 (see the attached annex, pdf 41 kB).

The indicative calendar is prepared in compliance with the procedures set out in "The single monetary policy in the euro area: General documentation on Eurosystem monetary policy instruments and procedures" (dated April 2002).

The ECB aims to establish conditions, which ensure that counterparties in all euro area countries can participate in the main and longer-term refinancing operations. Therefore, when compiling the calendar for these operations, the ECB made the appropriate adjustments in order to take into account the national bank holidays of the individual euro area countries.