Abbreviations glossary

exposure at default

See European Banking Authority (EBA)

earnings before interest, taxes, depreciation and amortisation

excess bond premium

See Electronic Bill Presentment and Payment (EBPP; electronic invoicing)

European Court of Auditors

Eurosystem credit assessment framework

See European Central Bank (ECB)

expected credit loss

Economic and Financial Affairs Council. See Council of the European Union (EU Council)

See European Currency Unit (ECU)

expected default frequency

See electronic data interchange (EDI)

European Deposit Insurance Scheme

See excessive deficit procedure (EDP)

European Data Warehouse

See European Economic Area (EEA)

See effective exchange rate (EER) of the euro

An effective exchange rate of the euro against the currencies of the seven non-euro area EU Member States and eleven of the euro area’s trading partners outside the EU. See also effective exchange rate (EER) of the euro

An effective exchange rate of the euro encompassing the EER-18 and 23 additional countries. See also effective exchange rate (EER) of the euro

See Economic and Financial Committee (EFC)

See European Financial Stability Facility (EFSF)

See European Financial Stabilisation Mechanism (EFSM)

European Insurance and Occupational Pensions Authority

See effective lower bound (ELB)

See electronic money institution (ELMI)

See European Monetary Institute (EMI)

European Market Infrastructure Regulation

Euro Money Market Survey

See European Monetary System (EMS)

See Economic and Monetary Union (EMU)

An acronym describing the set of specifications developed by the consortium EMVCo, which is promoting the global standardisation of electronic financial transactions – in particular the global interoperability of chip cards. “EMV” stands for “Europay, MasterCard and Visa”.

See euro overnight index average (EONIA)

See exchange rate mechanism II (ERM II)

Euro Retail Payments Board

European Supervisory Authority

See European System of Accounts 2010 (ESA 2010)

See European System of Accounts 1995 (ESA 95)

See European System of Central Banks (ESCB)

European Systemic Cyber Group

See European System of Financial Supervision (ESFS)

See European Stability Mechanism (ESM)

European Securities and Markets Authority

See European Systemic Risk Board (ESRB)

exchange-traded fund

European centralised infrastructure for supervisory data

See euro interbank offered rate (EURIBOR)

See euro short-term rate (€STR)

economic value of equity