CINXE.COM

<!DOCTYPE html> <html lang="da"> <head> <meta charset="utf-8"> <link rel="preload" href="/shared/dist/fonts/opensans_fixed/OpenSans-Regular.woff2" as="font" crossorigin> <link rel="preload" href="/shared/dist/fonts/opensans_fixed/OpenSans-SemiBold.woff2" as="font" crossorigin> <link rel="preload" href="/shared/dist/fonts/opensans_fixed/OpenSans-Bold.woff2" as="font" crossorigin> <link rel="preload" href="/shared/dist/fonts/ecb-iconset/ECB-icon-set.woff2" as="font" crossorigin> <link rel="icon" href="/fav.ico" sizes="16x16"> <link rel="icon" href="/favicon-16.png" sizes="16x16"> <link rel="icon" href="/favicon-32.png" sizes="32x32"> <link rel="icon" href="/favicon-64.png" sizes="64x64"> <link rel="icon" href="/favicon-128.png" sizes="128x128"> <link rel="icon" href="/favicon-192.png" sizes="192x192"> <link rel="icon" href="/favicon-256.png" sizes="256x256"> <link rel="shortcut icon" href="/favicon-196.png" sizes="196x196"> <link rel="apple-touch-icon" href="/favicon-152.png" sizes="152x152"> <link rel="apple-touch-icon" href="/favicon-180.png" sizes="180x180"> <title>Valuation</title> <meta name = "citation_title" content="Valuation"> <meta name = "citation_online_date" content="17 January 2023"> <meta property="article:published_time" content="2023-01-17"> <link rel="canonical" href="https://www.ecb.europa.eu/mopo/coll/risk/valuation/html/index.en.html"> <meta name="author" content="European Central Bank"> <meta name="description" content="Den Europæiske Centralbank (ECB) er centralbank for de lande i Den Europæiske Union, der har indført euroen. Det er vores primære opgave at fastholde prisstabilitet i euroområdet og derved bevare den fælles valutas købekraft."> <meta name="viewport" content="width=device-width, initial-scale=1.0, viewport-fit=cover"> <script> var ECB = {}; ECB.currentLanguage = 'da'; ECB.isoLocalLanguageName = 'Dansk'; ECB.isLive = true; ECB.version = '2646225'; ECB.navigationVersion = '1732198280'; ECB.clientTimeError = 1732478060 - (new Date().getTime()); ECB.availableLanguages = [{"en": "English"}]; </script> <link rel="stylesheet" href="/shared/dist/css/main-ecb.min.css?2646225" media="all"> <meta name="twitter:card" content="summary"> <meta name="twitter:site" content="@ecb"> <meta name="explainerDate" content="1. januar 1970"> <meta property="og:type" content="article"> <meta property="og:type" content="website"> <meta property="og:title" content="Valuation"> <meta property="og:url" content="https://www.ecb.europa.eu/mopo/coll/risk/valuation/html/index.da.html"> <meta property="og:image:secure_url" content="https://www.ecb.europa.eu/mopo/coll/risk/valuation/html?d41d8cd98f00b204e9800998ecf8427e"> <meta property="og:image" content="https://www.ecb.europa.eu/mopo/coll/risk/valuation/html?d41d8cd98f00b204e9800998ecf8427e" > <meta property="og:image:width" content="1200"> <meta property="og:image:height" content="600"> <meta property="og:site_name" content="European Central Bank"> <noscript> <style> .accordion .content-box { display: block; } </style> </noscript> <script type="text/javascript"> /*! ecb - v2.0.0 - European Central Bank */ var ECB=window.ECB||{};ECB.fast=ECB.fast||{},ECB.slow=ECB.slow||{},ECB.supports=ECB.supports||{},ECB.fast.annexSwap=function(){var t,e,n=document.querySelector(".section-press .address-box + .definition-list");n&&(t=(e=(t=(e=(t=n.previousElementSibling).previousElementSibling)&&e.classList.contains("related-topics")?e:t).previousElementSibling)&&e.classList.contains("footnotes")?e:t).parentNode.insertBefore(n,t)},ECB.fast.attribution=function(n){var t=n.style.backgroundImage||n.src;t=(t=t.replace('url("',"")).replace('")',""),n.src&&(n=n.closest("picture"));t&&!function(t){t=t.replace('url("',"");var e=document.location.protocol+"//"+document.location.hostname;return(-1!==t.indexOf("http")||-1!==t.indexOf('url("//'))&&!t.startsWith(e)}(t)&&ECB.fast.exif.getArtist(t,function(t){var e;0<t.length&&!n.classList.contains("-attribution")&&(n.classList.add("-attribution"),n.insertAdjacentHTML("beforeend",'<span class="attribution"><span class="attribution-details">'+(t.startsWith("©")?"":"© ")+t+'</span> <button aria-label="Photographer"></button></span>'),(e=n.querySelector(".attribution button")).addEventListener("click",function(t){return e.parentElement.classList.toggle("-active"),t.preventDefault(),t.stopPropagation(),!1}))})},ECB.fast.authorMove=function(){let t=document.getElementById("side-authors");var e;t&&(e=Array.from(document.querySelectorAll("aside > *")).reduce(function(t,e){return t+e.clientHeight},0),t.style.marginTop=Math.max(110,e)+50+"px")},ECB.fast.connector=function(t){function e(t){t.classList.contains("-gradient-upper")&&(i="-gradient-upper"),t.classList.contains("-dark-grey")&&(o="-dark-grey"),t.classList.contains("-light-grey-blue")&&(i="-transparent-light-grey",o="-transparent-blue");var e="<div class='upper-connection "+i+"'></div> <div class='lower-connection "+o+"'></div>";t.insertAdjacentHTML("afterend",e)}function a(t,e){return t.classList.contains(e)}function n(t,e){for(var n=0;n<e.length;n++)if(a(t,e[n]))return 1}var r=(t=t||document).querySelectorAll(".connector"),i="-transparent-blue",o="-light-blue";if(0<r.length)e(r[r.length-1]);else{var s=Array.from(t.querySelectorAll(".contact-box, .see-also-boxes, .carousel, .promo-box, .contact-box, .explainer-box"));if(s.length){var l=s[0],c=l.previousElementSibling;if(c&&"DIV"==c.tagName&&!a(c,"title")){for(var u=l.nextElementSibling,g=!1;null!=u;)a(u,"in-this-section")||"SCRIPT"==u.tagName||"STYLE"==u.tagName||(-1==s.indexOf(u)?g=!0:g&&(c=(l=u).previousElementSibling,g=!1)),u=u.nextElementSibling;g||(c.classList.add("connector"),n(c,["section","intro","boxes","accordion","definition-list","tags"])&&c.classList.add("-gradient-upper"),n(c,["jumbo-box"])&&a(c,"-dark-blue")&&c.classList.add("-light-grey-blue"),a(l,".carousel")||c.classList.add("-dark-grey"),e(c))}}}},ECB.fast.exif=function(){function i(t,e,n){return function(t,e,n){var a,r,i,o="";for(n=e+n;e<n;)switch((a=t.getUint8(e++))>>4){case 0:case 1:case 2:case 3:case 4:case 5:case 6:case 7:o+=String.fromCharCode(a);break;case 12:case 13:r=t.getUint8(e++),o+=String.fromCharCode((31&a)<<6|63&r);break;case 14:r=t.getUint8(e++),i=t.getUint8(e++),o+=String.fromCharCode((15&a)<<12|(63&r)<<6|(63&i)<<0)}return o}(t,e,n)}function o(t,e,n){if("exif"!=i(t,e,4).toLowerCase())return!1;var a,e=e+(n?8:6);if(18761==t.getUint16(e))a=!1;else{if(19789!=t.getUint16(e))return!1;a=!0}return 42==t.getUint16(e+2,!a)&&(!((n=t.getUint32(e+4,!a))<8)&&function(t,e,n,a){for(var r,i=t.getUint16(n,!a),o=0;o<i;o++)if(315===t.getUint16(r=n+12*o+2,!a))return s(t,r,e,a);return""}(t,e,e+n,a))}var s=function(t,e,n,a){var r=t.getUint32(e+4,!a),n=t.getUint32(e+8,!a)+n;return i(t,4<r?n:e+8,r-1)};return{getArtist:function(t,e){function n(t){t=function(t){var e=new DataView(t),n=!1;if(1380533830==e.getUint32(0)&&1464156752==e.getUint32(8)&&1448097880==e.getUint32(12)){if(!(e.getUint8(20)&8))return!1;n=!0}else if(255!=e.getUint8(0)||216!=e.getUint8(1))return!1;var a=2,r=t.byteLength;if(n)for(a=16;a<r;){if(a+=e.getUint32(a,!0)+4,"EXIF"==i(e,a,4))return o(e,a,!0,e.getUint32(a,!0));a+=4}else for(;a<r;){if(255!=e.getUint8(a))return!1;if(225==e.getUint8(a+1))return o(e,a+4,!1,e.getUint16(a+2));a+=2+e.getUint16(a+2)}}(t);e.call(window,t||"")}var a=new XMLHttpRequest;a.onload=function(){200!=this.status&&0!==this.status||n(a.response),a=null},a.open("GET",t,!0),a.responseType="arraybuffer",a.send(null)}}}(),ECB.fast.isLoading=function(){for(var t=document.querySelectorAll(".-is-loading"),e=0;e<t.length;e++)t[e].insertAdjacentHTML("afterbegin","<div class='is-busy'> Loading ... </div>")},ECB.fast.langLinks=function(){if(ECB.fast.isEuLanguage=!!document.querySelector("#language-values a[lang="+ECB.currentLanguage+"]:not([specialLang])"),ECB.fast.isEuLanguage&&"en"!=ECB.currentLanguage)for(var t=document.querySelectorAll("a:not([lang]"),n=/\.[a-z]{2,3}(\.(html|pdf)([\?#].*)?)$/,e=0;e<t.length;e++){var a=t[e];a.hasAttribute("href")&&-1===a.getAttribute("href").indexOf(":")&&function(t){let e=t.getAttribute("href").match(n);return!!(e&&0<e.length)&&"en"==e[0].substr(1,2)}(a)&&a.setAttribute("href",a.getAttribute("href").replace(n,"."+ECB.currentLanguage+"$1"))}},ECB.fast.langSwitch=function(){var e,n;ECB.isLive&&(e=localStorage.getItem("lastLanguage"),(n=function(t){if(t&&ECB.currentLanguage!=t){t=document.querySelector("#language-values>a[lang="+t+"]");return t&&(document.location.href=t.href),!0}return!1})(e)||window.addEventListener("storage",function(t){"lastLanguage"==t.key&&t.newValue!=e&&n(t.newValue)}))},ECB.fast.loadImages=function(t){var n,e=t;t||(e=document);var a=function(t){var e=ECB.supports.webp&&t.getAttribute("data-image-webp")?t.getAttribute("data-image-webp"):t.getAttribute("data-image"),n=t;n.style.backgroundImage="url('"+e+"')",t.classList.contains("-inner")||ECB.fast.attribution(n),n.classList.add("loaded")};window.IntersectionObserver&&(n=new IntersectionObserver(function(t){for(var e=0;e<t.length;e++)t[e].isIntersecting&&(a(t[e].target),n.unobserve(t[e].target))},{rootMargin:"50%"}));for(var r=e.querySelectorAll("[data-image]"),i=0;i<r.length;i++)r[i].classList.contains("fast")||r[i].classList.contains("coin-cropper")||!n?a(r[i]):n.observe(r[i]);for(var o=e.querySelectorAll("picture img"),i=0;i<o.length;i++)ECB.fast.attribution(o[i])},ECB.fast.pageTitle=function(){var t=document.querySelector("main>.title h1");t&&0<t.innerText.length&&(document.title=t.innerText)},ECB.fast.random=function(t){Element.prototype.matches||(Element.prototype.matches=Element.prototype.msMatchesSelector||Element.prototype.webkitMatchesSelector);for(var e=(!t?document:t).querySelectorAll(".random"),n=0;n<e.length;n++){e[n].querySelectorAll(".random-item");var a=[];Array.prototype.slice.call(e[n].children).map(function(t){t.matches(".random-item")&&a.push(t)});var r=Math.floor(Math.random()*a.length);e[n].classList.contains("-daily")&&(r=(new Date).getDate()%a.length),a[r].classList.add("active");for(var i=0;i<a.length;i++)i!=r&&e[n].removeChild(a[i])}},ECB.fast.supportCheck=function(e){var n=new Image;n.onload=function(t){"load"==t.type&&1==n.width&&(document.documentElement.classList.add("webp"),ECB.supports.webp=!0),e&&e()},n.onerror=function(){e&&e()},n.src="data:image/webp;base64,UklGRiQAAABXRUJQVlA4IBgAAAAwAQCdASoBAAEAAwA0JaQAA3AA/vuUAAA="},ECB.fast.tempFixes=function(){!function(t,e){for(var n=document.querySelectorAll(t),a=0;a<n.length;a++)e(n[a])}(".table .wrapper h3",function(t){var e=t.parentElement.parentElement,n=document.createElement("div");n.classList.add("header"),n.innerHTML='<div class="title">'+t.innerHTML+"</div>",t.parentElement.removeChild(t),e.prepend(n)})},ECB.fast.supportCheck(function(){function t(){ECB.jsForContentOnly||ECB.fast.pageTitle(),ECB.fast.tempFixes(),ECB.fast.random(),ECB.fast.loadImages(),ECB.fast.langLinks(),ECB.fast.connector(),ECB.fast.annexSwap(),ECB.fast.isLoading(),ECB.fast.authorMove()}"loading"!==document.readyState?t():window.addEventListener("DOMContentLoaded",t)}); </script> <script type="text/javascript" async src="/shared/dist/js/slow.min.js?v=2646225"></script> </head> <body class="project-ecb section-mopo sub-coll sub-risk sub-valuation "> <header id="ecb-doc-header" class="v2"> <div class="headerHolder"> <div class="logo-name"> <a href="/home/html/index.da.html" alt="Go to our homepage"> <img src="/shared/img/logo/logo_name.da.svg" alt="European Central Bank - eurosystem"> </a> </div> <div class="logo-name-mobile"> <a href="/home/html/index.da.html" alt="Go to our homepage"> <img src="/shared/img/logos_mobile/ECB_Eurosystem_OneLineLogo_Mobile_DA.svg" alt="European Central Bank - eurosystem"> </a> </div> <div id="language-selector-holder" role="button" title="Select language"> <div id="language-selector"></div> <div id="language-selected" tabindex="1" aria-haspopup="true"><i></i><span class="ecb-full">DA</span></div> <div id="language-values"> <a href="index.bg.html" lang="bg" title="Български"><span class="ecb-full">Български</span></a><a href="index.cs.html" lang="cs" title="Čeština"><span class="ecb-full">Čeština</span></a><a href="index.da.html" class="selected" lang="da" title="Dansk"><span class="ecb-full">Dansk</span></a><a href="index.de.html" lang="de" title="Deutsch"><span class="ecb-full">Deutsch</span></a><a href="index.el.html" lang="el" title="Eλληνικά"><span class="ecb-full">Eλληνικά</span></a><a href="index.en.html" class="available" lang="en" title="English"><span class="ecb-full">English</span></a><a href="index.es.html" lang="es" title="Español"><span class="ecb-full">Español</span></a><a href="index.et.html" lang="et" title="Eesti keel"><span class="ecb-full">Eesti keel</span></a><a href="index.fi.html" lang="fi" title="Suomi"><span class="ecb-full">Suomi</span></a><a href="index.fr.html" lang="fr" title="Français"><span class="ecb-full">Français</span></a><a href="index.ga.html" lang="ga" title="Gaeilge"><span class="ecb-full">Gaeilge</span></a><a href="index.hr.html" lang="hr" title="Hrvatski"><span class="ecb-full">Hrvatski</span></a><a href="index.hu.html" lang="hu" title="Magyar"><span class="ecb-full">Magyar</span></a><a href="index.it.html" lang="it" title="Italiano"><span class="ecb-full">Italiano</span></a><a href="index.lt.html" lang="lt" title="Lietuvių"><span class="ecb-full">Lietuvių</span></a><a href="index.lv.html" lang="lv" title="Latviešu"><span class="ecb-full">Latviešu</span></a><a href="index.mt.html" lang="mt" title="Malti"><span class="ecb-full">Malti</span></a><a href="index.nl.html" lang="nl" title="Nederlands"><span class="ecb-full">Nederlands</span></a><a href="index.pl.html" lang="pl" title="Polski"><span class="ecb-full">Polski</span></a><a href="index.pt.html" lang="pt" title="Português"><span class="ecb-full">Português</span></a><a href="index.ro.html" lang="ro" title="Română"><span class="ecb-full">Română</span></a><a href="index.sk.html" lang="sk" title="Slovenčina"><span class="ecb-full">Slovenčina</span></a><a href="index.sl.html" lang="sl" title="Slovenščina"><span class="ecb-full">Slovenščina</span></a><a href="index.sv.html" lang="sv" title="Svenska"><span class="ecb-full">Svenska</span></a> </div> </div> <button id="hamburger" aria-haspopup="true" > Menu <div class="icon"> <div class="line-outer"> <div class="line-inner"></div> </div> <div class="line-outer"> <div class="line-inner"></div> </div> <div class="line-outer"> <div class="line-inner"></div> </div> </div> </button> <div class="logo"> <a href="/home/html/index.da.html" alt="Go to our homepage"> <img src="/shared/img/logo/logo_only.svg" alt="our logo, a yellow Euro sign surrounded by yellow stars centered in a dark blue circle resting on a dark blue base"> </a> </div> <nav id="navwrapper" role="navigation" aria-label="Main navigation"><div id="mainnav"><ul><li class="has-subpages" aria-expanded="false"><a href="#" class="subpages icon" title="toggle subpages for Pengepolitik & markeder"></a><a href="/mopo/html/index.da.html" title="visit page Pengepolitik & markeder">Pengepolitik & markeder</a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Pengepolitik og markeder</div> <p>Vores pengepolitiske strategi, vores værktøjer, og hvordan de virker</p><a href="/mopo/html/index.en.html">Overblik over pengepolitik og markeder</a><hr> <div class="nav-title">Kviklink</div> <ul> <li><a href="/ecb/educational/explainers/tell-me/html/what-is-monetary-policy.en.html">Hvad er pengepolitik?</a></li> <li><a href="/mopo/strategy/strategy-review/html/index.en.html">Gennemgang af den pengepolitiske strategi</a></li> <li><a href="/mopo/implement/app/html/index.en.html">Opkøbsprogrammer</a></li> </ul> </div><a href="/press/press_conference/html/index.en.html" class="item image"> <img src="/press/tvservices/html/index/ECB press conference place holder new_2560x1440.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">Seneste pengepolitiske pressekonference</div> <div class="image-date">17. oktober 2024</div></a></div></div><ul><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Indledning"></a><a href="/mopo/intro/html/index.da.html" title="visit page Indledning">Indledning</a><ul><li><a href="/mopo/intro/benefits/html/index.da.html" title="visit page Fordele ved prisstabilitet">Fordele ved prisstabilitet</a></li><li><a href="/mopo/intro/role/html/index.da.html" title="visit page Pengepolitikkens anvendelsesområde">Pengepolitikkens anvendelsesområde</a></li><li><a href="/mopo/intro/transmission/html/index.da.html" title="visit page Transmissionsmekanismen">Transmissionsmekanismen</a></li></ul></li><li><a href="/mopo/decisions/html/index.da.html" title="visit page Pengepolitiske beslutninger">Pengepolitiske beslutninger</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Strategi"></a><a href="/mopo/strategy/html/index.da.html" title="visit page Strategi">Strategi</a><ul><li><a href="/mopo/strategy/strategy-review/html/index.da.html" title="visit page Gennemgang af den pengepolitiske strategi">Gennemgang af den pengepolitiske strategi</a></li><li><a href="/mopo/strategy/medium-term-orientation/html/index.da.html" title="visit page Orientering på mellemlangt sigt">Orientering på mellemlangt sigt</a></li><li><a href="/mopo/strategy/pricestab/html/index.da.html" title="visit page To procent-inflationsmål">To procent-inflationsmål</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Økonomisk, monetær og finansiel udvikling"></a><a href="/mopo/devel/html/index.da.html" title="visit page Økonomisk, monetær og finansiel udvikling">Økonomisk, monetær og finansiel udvikling</a><ul><li><a href="/mopo/devel/ecana/html/index.da.html" title="visit page Økonomisk analyse">Økonomisk analyse</a></li><li><a href="/mopo/devel/monan/html/index.da.html" title="visit page Monetær og finansiel analyse">Monetær og finansiel analyse</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Instrumenter"></a><a href="/mopo/implement/html/index.da.html" title="visit page Instrumenter">Instrumenter</a><ul><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Markedsoperationer"></a><a href="/mopo/implement/omo/html/index.da.html" title="visit page Markedsoperationer">Markedsoperationer</a><ul><li><a href="/mopo/implement/omo/tltro/html/index.da.html" title="visit page TLTRO">TLTRO</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Opkøbsprogrammer"></a><a href="/mopo/implement/app/html/index.da.html" title="visit page Opkøbsprogrammer">Opkøbsprogrammer</a><ul><li><a href="/mopo/implement/app/lending/html/index.da.html" title="visit page Værdipapirudlån">Værdipapirudlån</a></li></ul></li><li><a href="/mopo/implement/pepp/html/index.da.html" title="visit page Opkøbsprogram på foranledning af den pandemiske nødsituation">Opkøbsprogram på foranledning af den pandemiske nødsituation</a></li><li><a href="/mopo/implement/sf/html/index.da.html" title="visit page Stående faciliteter">Stående faciliteter</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Mindstereserver"></a><a href="/mopo/implement/mr/html/index.da.html" title="visit page Mindstereserver">Mindstereserver</a><ul><li><a href="/mopo/implement/mr/two-tier/html/index.da.html" title="visit page Todelt system">Todelt system</a></li></ul></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Internationale markedsoperationer"></a><a href="/mopo/international-market-operations/html/index.da.html" title="visit page Internationale markedsoperationer">Internationale markedsoperationer</a><ul><li><a href="/mopo/international-market-operations/liquidity_lines/html/index.da.html" title="visit page Centralbanklikviditetslinjer">Centralbanklikviditetslinjer</a></li></ul></li><li><a href="/mopo/ela/html/index.da.html" title="visit page Likviditetsstøtte (ELA) og pengepolitik">Likviditetsstøtte (ELA) og pengepolitik</a></li><li><a href="/mopo/liq/html/index.da.html" title="visit page Likviditetsanalyse">Likviditetsanalyse</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Sikkerhedsstillelse"></a><a href="/mopo/coll/html/index.da.html" title="visit page Sikkerhedsstillelse">Sikkerhedsstillelse</a><ul><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Belånbarhedskriterier og -vurdering"></a><a href="/mopo/coll/standards/html/index.da.html" title="visit page Belånbarhedskriterier og -vurdering">Belånbarhedskriterier og -vurdering</a><ul><li><a href="/mopo/coll/standards/marketable/html/index.da.html" title="visit page Omsættelige aktiver">Omsættelige aktiver</a></li><li><a href="/mopo/coll/standards/nonmarketable/html/index.da.html" title="visit page Ikke-omsættelige aktiver">Ikke-omsættelige aktiver</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Liste over belånbare omsættelige aktiver"></a><a href="/mopo/coll/assets/html/index.da.html" title="visit page Liste over belånbare omsættelige aktiver">Liste over belånbare omsættelige aktiver</a><ul><li><a href="/mopo/coll/assets/guide/html/index.da.html" title="visit page Brugervejledning">Brugervejledning</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Mobilisering af sikkerhedsstillelse"></a><a href="/mopo/coll/coll/html/index.da.html" title="visit page Mobilisering af sikkerhedsstillelse">Mobilisering af sikkerhedsstillelse</a><ul><li><a href="/mopo/coll/coll/ccbm/html/index.da.html" title="visit page CCBM">CCBM</a></li><li><a href="/mopo/coll/coll/eligiblesss/html/index.da.html" title="visit page Godkendte værdipapirafviklingssystemer">Godkendte værdipapirafviklingssystemer</a></li><li><a href="/mopo/coll/coll/ssslinks/html/index.da.html" title="visit page Godkendte link">Godkendte link</a></li><li><a href="/mopo/coll/coll/triparty/html/index.da.html" title="visit page Godkendte trepartsagenter">Godkendte trepartsagenter</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Risikoreduktion"></a><a href="/mopo/coll/risk/html/index.da.html" title="visit page Risikoreduktion">Risikoreduktion</a><ul><li><a href="/mopo/coll/risk/ecaf/html/index.da.html" title="visit page Eksterne kreditvurderingsbureauer">Eksterne kreditvurderingsbureauer</a></li><li><a href="/mopo/coll/risk/riskcontrol/html/index.da.html" title="visit page Risikokontrol">Risikokontrol</a></li><li><a href="/mopo/coll/risk/liquidity/html/index.da.html" title="visit page Haircutkategorier">Haircutkategorier</a></li><li><a href="/mopo/coll/risk/valuation/html/index.da.html" title="visit page Værdiansættelse">Værdiansættelse</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Initivativet på enkeltlånsniveau"></a><a href="/mopo/coll/loanlevel/html/index.da.html" title="visit page Initivativet på enkeltlånsniveau">Initivativet på enkeltlånsniveau</a><ul><li><a href="/mopo/coll/loanlevel/transmission/html/index.da.html" title="visit page Dataskabeloner">Dataskabeloner</a></li><li><a href="/mopo/coll/loanlevel/implementation/html/index.da.html" title="visit page Godkendelseskrav">Godkendelseskrav</a></li><li><a href="/mopo/coll/loanlevel/faq/html/index.da.html" title="visit page Ofte stillede spørgsmål">Ofte stillede spørgsmål</a></li></ul></li><li><a href="/mopo/coll/contacts/html/index.da.html" title="visit page Kontaktpersoner">Kontaktpersoner</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Nuværende økonomiske forhold"></a><a href="/mopo/eaec/html/index.da.html" title="visit page Nuværende økonomiske forhold">Nuværende økonomiske forhold</a><ul><li><a href="/mopo/eaec/ecopolicy/html/index.da.html" title="visit page Økonomisk politik">Økonomisk politik</a></li><li><a href="/mopo/eaec/fiscal/html/index.da.html" title="visit page Finanspolitik">Finanspolitik</a></li><li><a href="/mopo/eaec/trade/html/index.da.html" title="visit page Udenrigshandel">Udenrigshandel</a></li><li><a href="/mopo/eaec/eer/html/index.da.html" title="visit page Effektive valutakurser">Effektive valutakurser</a></li><li><a href="/mopo/eaec/structure/html/index.da.html" title="visit page Finansiel struktur">Finansiel struktur</a></li><li><a href="/mopo/eaec/markets/html/index.da.html" title="visit page Finansielle markeder">Finansielle markeder</a></li><li><a href="/mopo/eaec/intermediaries/html/index.da.html" title="visit page Finansielle formidlere">Finansielle formidlere</a></li><li><a href="/mopo/eaec/diversity/html/index.da.html" title="visit page Økonomisk diversitet">Økonomisk diversitet</a></li><li><a href="/mopo/eaec/labour/html/index.da.html" title="visit page Arbejdsmarkedet">Arbejdsmarkedet</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Markedskontaktgrupper"></a><a href="/mopo/market-contact-groups/html/index.da.html" title="visit page Markedskontaktgrupper">Markedskontaktgrupper</a><ul><li><a href="/mopo/market-contact-groups/bmcg/html/index.da.html" title="visit page Bond Market (BMCG)">Bond Market (BMCG)</a></li><li><a href="/mopo/market-contact-groups/mmcg/html/index.da.html" title="visit page Money Market (MMCG)">Money Market (MMCG)</a></li><li><a href="/mopo/market-contact-groups/dimcg/html/index.da.html" title="visit page Debt Issuance Market Contact Group (DIMCG)">Debt Issuance Market Contact Group (DIMCG)</a></li><li><a href="/mopo/market-contact-groups/omg/html/index.da.html" title="visit page ECB Operations Managers Group (ECB OMG)">ECB Operations Managers Group (ECB OMG)</a></li><li><a href="/mopo/market-contact-groups/fxcg/html/index.da.html" title="visit page Foreign Exchange (FXCG)">Foreign Exchange (FXCG)</a></li><li><a href="/mopo/market-contact-groups/iid/html/index.da.html" title="visit page Institutional Investor Dialogue (IID)">Institutional Investor Dialogue (IID)</a></li></ul></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="#" class="subpages icon" title="toggle subpages for Betalinger & finansiel stabilitet"></a><a href="/paym/html/index.da.html" title="visit page Betalinger & finansiel stabilitet">Betalinger & finansiel stabilitet</a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Betalinger og finansiel stabilitet</div> <p>Nærmere om, hvordan vi arbejder med finansiel stabilitet og betalingsinfrastruktur</p><a href="/paym/html/index.en.html">Overblik over betalinger og finansiel stabilitet</a><hr> <div class="nav-title">Kviklink</div> <ul> <li><a href="/euro/digital_euro/html/index.en.html">En digital euro</a></li> <li><a href="/press/intro/html/index.en.html">Betalingsnyheder</a></li> <li><a href="/paym/target/target-professional-use-documents-links/html/index.en.html">Target – dokumenter og link for fagfolk</a></li> </ul> </div><a href="/pub/financial-stability/fsr/html/index.en.html" class="item image"> <img src="/paym/financial-stability/html/index/fsr_1000x750.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">Seneste Financial Stability Review</div> <div class="image-date">16. maj 2024</div></a></div></div><ul><li><span>Betalinger</span></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Target Services"></a><a href="/paym/target/html/index.da.html" title="visit page Target Services">Target Services</a><ul><li><a href="/paym/target/coco/html/index.da.html" title="visit page Fælles funktioner">Fælles funktioner</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for T2"></a><a href="/paym/target/t2/html/index.da.html" title="visit page T2">T2</a><ul><li><a href="/paym/target/t2/governance/html/index.da.html" title="visit page Governance">Governance</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for T2S"></a><a href="/paym/target/t2s/html/index.da.html" title="visit page T2S">T2S</a><ul><li><a href="/paym/target/t2s/governance/html/index.da.html" title="visit page Governance">Governance</a></li><li><a href="/paym/target/t2s/facts/html/index.da.html" title="visit page Fakta og tal">Fakta og tal</a></li><li><a href="/paym/target/t2s/pricing/html/index.da.html" title="visit page Prisfastsættelse">Prisfastsættelse</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for TIPS"></a><a href="/paym/target/tips/html/index.da.html" title="visit page TIPS">TIPS</a><ul><li><a href="/paym/target/tips/governance/html/index.da.html" title="visit page Governance">Governance</a></li><li><a href="/paym/target/tips/facts/html/index.da.html" title="visit page Fakta og tal">Fakta og tal</a></li><li><a href="/paym/target/tips/onboarding/html/index.da.html" title="visit page Tilslutning">Tilslutning</a></li></ul></li><li><a href="/paym/target/ecms/html/index.da.html" title="visit page ECMS">ECMS</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Target-dokumenter & -link til fagfolk"></a><a href="/paym/target/target-professional-use-documents-links/html/index.da.html" title="visit page Target-dokumenter & -link til fagfolk">Target-dokumenter & -link til fagfolk</a><ul><li><a href="/paym/target/target-professional-use-documents-links/coco/html/index.da.html" title="visit page Til professionel brug">Til professionel brug</a></li><li><a href="/paym/target/target-professional-use-documents-links/t2/html/index.da.html" title="visit page T2-dokumenter & -link">T2-dokumenter & -link</a></li><li><a href="/paym/target/target-professional-use-documents-links/t2s/html/index.da.html" title="visit page Beregnet for fagfolk">Beregnet for fagfolk</a></li><li><a href="/paym/target/target-professional-use-documents-links/tips/html/index.da.html" title="visit page Beregnet for fagfolk">Beregnet for fagfolk</a></li><li><a href="/paym/target/target-professional-use-documents-links/ecms/html/index.da.html" title="visit page Beregnet for fagfolk">Beregnet for fagfolk</a></li></ul></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Integration og innovation"></a><a href="/paym/integration/html/index.da.html" title="visit page Integration og innovation">Integration og innovation</a><ul><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Distributed ledger-teknologier"></a><a href="/paym/integration/distributed/html/index.da.html" title="visit page Distributed ledger-teknologier">Distributed ledger-teknologier</a><ul><li><a href="/paym/integration/distributed/exploratory/html/index.da.html" title="visit page Forskningsarbejde">Forskningsarbejde</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Detailbetalinger"></a><a href="/paym/integration/retail/html/index.da.html" title="visit page Detailbetalinger">Detailbetalinger</a><ul><li><a href="/paym/integration/retail/retail_payments_strategy/html/index.da.html" title="visit page Strategi for detailbetalinger">Strategi for detailbetalinger</a></li><li><a href="/paym/integration/retail/ecb/html/index.da.html" title="visit page ECB som katalysator">ECB som katalysator</a></li><li><a href="/paym/integration/retail/sepa/html/index.da.html" title="visit page SEPA">SEPA</a></li><li><a href="/paym/integration/retail/instant_payments/html/index.da.html" title="visit page Straksbetalinger">Straksbetalinger</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Harmonisering af forvaltningen af sikkerhed"></a><a href="/paym/integration/collateral/html/index.da.html" title="visit page Harmonisering af forvaltningen af sikkerhed">Harmonisering af forvaltningen af sikkerhed</a><ul><li><a href="/paym/integration/collateral/implementation/html/index.da.html" title="visit page Gennemførelse">Gennemførelse</a></li><li><a href="/paym/integration/collateral/faq/html/index.da.html" title="visit page Ofte stillede spørgsmål">Ofte stillede spørgsmål</a></li></ul></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Cyberrobusthed"></a><a href="/paym/cyber-resilience/html/index.da.html" title="visit page Cyberrobusthed">Cyberrobusthed</a><ul><li><a href="/paym/cyber-resilience/fmi/html/index.da.html" title="visit page Finansielle markedsinfrastrukturer">Finansielle markedsinfrastrukturer</a></li><li><a href="/paym/cyber-resilience/tiber-eu/html/index.da.html" title="visit page TIBER-EU">TIBER-EU</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Overvågning"></a><a href="/paym/pol/html/index.da.html" title="visit page Overvågning">Overvågning</a><ul><li><a href="/paym/pol/systems/html/index.da.html" title="visit page Betalingssystemer">Betalingssystemer</a></li><li><a href="/paym/pol/target2-securities/html/index.da.html" title="visit page Target2-Securities">Target2-Securities</a></li><li><a href="/paym/pol/instr/html/index.da.html" title="visit page Elektroniske betalinger">Elektroniske betalinger</a></li><li><a href="/paym/pol/clearing/html/index.da.html" title="visit page Værdipapirafviklingssystemer og centrale modparter">Værdipapirafviklingssystemer og centrale modparter</a></li><li><a href="/paym/pol/critical/html/index.da.html" title="visit page Kritiske serviceleverandører">Kritiske serviceleverandører</a></li><li><a href="/paym/pol/correspondent-and-custodian-banks/html/index.da.html" title="visit page Korrespondentbanker og depotbanker">Korrespondentbanker og depotbanker</a></li><li><a href="/paym/pol/forum/html/index.da.html" title="visit page Forummet SecuRe Pay">Forummet SecuRe Pay</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Tjenesteydelser vedrørende forvaltning af valutareserver"></a><a href="/paym/erms/html/index.da.html" title="visit page Tjenesteydelser vedrørende forvaltning af valutareserver">Tjenesteydelser vedrørende forvaltning af valutareserver</a><ul><li><a href="/paym/erms/aspects/html/index.da.html" title="visit page Vigtige aspekter">Vigtige aspekter</a></li><li><a href="/paym/erms/service/html/index.da.html" title="visit page Udbud af tjenester">Udbud af tjenester</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Kontanthåndterere"></a><a href="/paym/cashprof/html/index.da.html" title="visit page Kontanthåndterere">Kontanthåndterere</a><ul><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Kontanthåndtering"></a><a href="/paym/cashprof/cashhand/html/index.da.html" title="visit page Kontanthåndtering">Kontanthåndtering</a><ul><li><a href="/paym/cashprof/cashhand/devices/html/index.da.html" title="visit page Udstyr til ægthedskontrol af pengesedler">Udstyr til ægthedskontrol af pengesedler</a></li><li><a href="/paym/cashprof/cashhand/recycling/html/index.da.html" title="visit page Recirkulering af pengesedler">Recirkulering af pengesedler</a></li></ul></li><li><a href="/paym/cashprof/cdispec/html/index.da.html" title="visit page CDI-specifikationer">CDI-specifikationer</a></li><li><a href="/paym/cashprof/accreditation/html/index.da.html" title="visit page Godkendelse af seddelproducenter">Godkendelse af seddelproducenter</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Markedskontaktgrupper"></a><a href="/paym/groups/html/index.da.html" title="visit page Markedskontaktgrupper">Markedskontaktgrupper</a><ul><li><a href="/paym/groups/ami/html/index.da.html" title="visit page Rådgivende grupper om markedsinfrastrukturer">Rådgivende grupper om markedsinfrastrukturer</a></li><li><a href="/paym/groups/euro-cyber-board/html/index.da.html" title="visit page Euro Cyber Resilience Board">Euro Cyber Resilience Board</a></li><li><a href="/paym/groups/erpb/html/index.da.html" title="visit page Euro Retail Payments Board (ERPB)">Euro Retail Payments Board (ERPB)</a></li><li><a href="/paym/groups/efip/html/index.da.html" title="visit page European Forum for Innovation in Payments (EFIP)">European Forum for Innovation in Payments (EFIP)</a></li></ul></li><li><span>Finansiel stabilitet</span></li><li><a href="/paym/financial-stability/html/index.da.html" title="visit page Finansiel stabilitet">Finansiel stabilitet</a></li><li><a href="/paym/macroprudential-measures/html/index.da.html" title="visit page Makroprudentielle tiltag">Makroprudentielle tiltag</a></li><li><a href="/paym/financial_stability_contact_groups/html/index.da.html" title="visit page Kontaktgrupper vedrørende finansiel stabilitet">Kontaktgrupper vedrørende finansiel stabilitet</a></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="#" class="subpages icon" title="toggle subpages for Statistik"></a><a href="/stats/html/index.da.html" title="visit page Statistik">Statistik</a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Statistik</div> <p>Adgang til al ECB-statistik og baggrundsoplysninger</p><a href="/stats/html/index.en.html">Overblik over ECB's statistik</a><hr> <div class="nav-title">Kviklink</div> <ul> <li><a href="https://data.ecb.europa.eu/main-figures">Hovedtal</a></li> <li><a href="https://data.ecb.europa.eu/">ECB Data Portal</a></li> <li><a href="/stats/ecb_statistics/accessing-our-data/html/index.en.html">Alle datatjenester</a></li> </ul> </div><a href="/press/blog/date/2024/html/ecb.blog20240418~2240ea1850.en.html" class="item image"> <img src="/press/blog/date/2024/html//ecb.blog20240418~2240ea1850/ecb.blog20240418~2240ea1850.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">ECB'S BLOG - Forbedrede data: klimaændringernes effekt på bankerne</div> <div class="image-date">18. april 2024</div></a></div></div><ul><li><span>Hyppigt besøgt</span></li><li><a href="/stats/euro-exchange-rates/html/index.da.html" title="visit page Euro valutakurser">Euro valutakurser</a></li><li><a href="/stats/key-ecb-interest-rates/html/index.da.html" title="visit page ECB's officielle renter">ECB's officielle renter</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Den korte eurorente (€STR)"></a><a href="/stats/euro-short-term-rates/html/index.da.html" title="visit page Den korte eurorente (€STR)">Den korte eurorente (€STR)</a><ul><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Rentebenchmark"></a><a href="/stats/euro-short-term-rates/interest_rate_benchmarks/html/index.da.html" title="visit page Rentebenchmark">Rentebenchmark</a><ul><li><a href="/stats/euro-short-term-rates/interest_rate_benchmarks/WG_euro_risk-free_rates/html/index.da.html" title="visit page Arbejdsgruppen om risikofrie eurorenter">Arbejdsgruppen om risikofrie eurorenter</a></li></ul></li></ul></li><li><a href="/stats/inflation/html/index.da.html" title="visit page Inflation">Inflation</a></li><li><a href="/stats/euro-area-yield-curves/html/index.da.html" title="visit page Euroområdets rentekurver">Euroområdets rentekurver</a></li><li><span>Al statistik og baggrund</span></li><li><a href="/stats/all-key-statistics/html/index.da.html" title="visit page Al den vigtigste statistik">Al den vigtigste statistik</a></li><li><a href="/stats/accessing-our-data/html/index.da.html" title="visit page Få adgang til vores data">Få adgang til vores data</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Hovedtræk"></a><a href="/stats/ecb_statistics/html/index.da.html" title="visit page Hovedtræk">Hovedtræk</a><ul><li><a href="/stats/ecb_statistics/governance_and_quality_framework/html/index.da.html" title="visit page Governance og kvalitetsrammer">Governance og kvalitetsrammer</a></li><li><a href="/stats/ecb_statistics/co-operation_and_standards/html/index.da.html" title="visit page Samarbejde og standarder">Samarbejde og standarder</a></li><li><a href="/stats/ecb_statistics/reporting/html/index.da.html" title="visit page Bankernes datarapportering">Bankernes datarapportering</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for AnaCredit"></a><a href="/stats/ecb_statistics/anacredit/html/index.da.html" title="visit page AnaCredit">AnaCredit</a><ul><li><a href="/stats/ecb_statistics/anacredit/questions/html/index.da.html" title="visit page AnaCredit Q&A">AnaCredit Q&A</a></li></ul></li><li><a href="/stats/ecb_statistics/consultations/html/index.da.html" title="visit page Offentlige høringer">Offentlige høringer</a></li><li><a href="/stats/ecb_statistics/dialogue/html/index.da.html" title="visit page Banking Industry Dialogue om ESCB-statistik og integreret rapportering">Banking Industry Dialogue om ESCB-statistik og integreret rapportering</a></li><li><a href="/stats/ecb_statistics/sdmx/html/index.da.html" title="visit page SDMX - model til udveksling af statistiske data">SDMX - model til udveksling af statistiske data</a></li><li><a href="/stats/ecb_statistics/inexda/html/index.da.html" title="visit page INEXDA - granulært datanetværk">INEXDA - granulært datanetværk</a></li></ul></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="#" class="subpages icon" title="toggle subpages for Euroen"></a><a href="/euro/html/index.da.html" title="visit page Euroen">Euroen</a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Euroen</div> <p>Alt, hvad du har brug for at vide om den fælles valuta</p><a href="/euro/html/index.en.html">Overblik over euroen</a><hr> <div class="nav-title">Kviklink</div> <ul> <li><a href="/paym/cashprof/html/index.en.html">Kontanthåndterere</a></li> <li><a href="/stats/policy_and_exchange_rates/banknotes+coins/html/index.en.html">Statistik over sedler og mønter</a></li> <li><a href="/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/index.en.html">Eurokursen</a></li> </ul> </div><a href="/euro/banknotes/future_banknotes/html/index.en.html" class="item image"> <img src="/euro/banknotes/future_banknotes/html/index/TwoThemes_Announcement_BOX_1000x750.png" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">To mulige temaer udvalgt til nye eurosedler</div> <div class="image-date">29. november 2023</div></a></div></div><ul><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Digital euro"></a><a href="/euro/digital_euro/html/index.da.html" title="visit page Digital euro">Digital euro</a><ul><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Hvad er det?"></a><a href="/euro/digital_euro/features/html/index.da.html" title="visit page Hvad er det?">Hvad er det?</a><ul><li><a href="/euro/digital_euro/features/privacy/html/index.da.html" title="visit page Den digitale euro og privatliv">Den digitale euro og privatliv</a></li></ul></li><li><a href="/euro/digital_euro/how-it-works/html/index.da.html" title="visit page Sådan virker den">Sådan virker den</a></li><li><a href="/euro/digital_euro/why-we-need-it/html/index.da.html" title="visit page Derfor har vi brug for den">Derfor har vi brug for den</a></li><li><a href="/euro/digital_euro/progress/html/index.da.html" title="visit page Tidslinje og status">Tidslinje og status</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Detaljerede oplysninger"></a><a href="/euro/digital_euro/timeline/html/index.da.html" title="visit page Detaljerede oplysninger">Detaljerede oplysninger</a><ul><li><a href="/euro/digital_euro/timeline/stakeholder/html/index.da.html" title="visit page Ledelse og interessenter">Ledelse og interessenter</a></li><li><a href="/euro/digital_euro/timeline/profuse/html/index.da.html" title="visit page Tekniske dokumenter og forskning">Tekniske dokumenter og forskning</a></li><li><a href="/euro/digital_euro/timeline/rulebook/html/index.da.html" title="visit page Regelsæt for projektet">Regelsæt for projektet</a></li></ul></li><li><a href="/euro/digital_euro/faqs/html/index.da.html" title="visit page Ofte stillede spørgsmål">Ofte stillede spørgsmål</a></li></ul></li><li><span>Kontanter</span></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Eurosystemets kontantstrategi"></a><a href="/euro/cash_strategy/html/index.da.html" title="visit page Eurosystemets kontantstrategi">Eurosystemets kontantstrategi</a><ul><li><a href="/euro/cash_strategy/cash_role/html/index.da.html" title="visit page Kontanters rolle">Kontanters rolle</a></li><li><a href="/euro/cash_strategy/issuance/html/index.da.html" title="visit page Udstedelse og cirkulation">Udstedelse og cirkulation</a></li><li><a href="/euro/cash_strategy/acceptance-cash/html/index.da.html" title="visit page Adgang til at hæve og betale med kontanter">Adgang til at hæve og betale med kontanter</a></li><li><a href="/euro/cash_strategy/faqs/html/index.da.html" title="visit page Ofte stillede spørgsmål">Ofte stillede spørgsmål</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Eurosedler"></a><a href="/euro/banknotes/html/index.da.html" title="visit page Eurosedler">Eurosedler</a><ul><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Fremtidige eurosedler"></a><a href="/euro/banknotes/future_banknotes/html/index.da.html" title="visit page Fremtidige eurosedler">Fremtidige eurosedler</a><ul><li><a href="/euro/banknotes/future_banknotes/redesign/html/index.da.html" title="visit page Nydesign af eurosedlerne">Nydesign af eurosedlerne</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Nuværende eurosedler"></a><a href="/euro/banknotes/current/html/index.da.html" title="visit page Nuværende eurosedler">Nuværende eurosedler</a><ul><li><a href="/euro/banknotes/current/denominations/html/index.da.html" title="visit page Seddelværdier">Seddelværdier</a></li><li><a href="/euro/banknotes/current/design/html/index.da.html" title="visit page Designelementer">Designelementer</a></li><li><a href="/euro/banknotes/current/security/html/index.da.html" title="visit page Sikkerhedselementer">Sikkerhedselementer</a></li></ul></li><li><a href="/euro/banknotes/ac/html/index.da.html" title="visit page Beskyttelse mod forfalskning">Beskyttelse mod forfalskning</a></li><li><a href="/euro/banknotes/production/html/index.da.html" title="visit page Seddelproduktion og lagre">Seddelproduktion og lagre</a></li><li><a href="/euro/banknotes/damaged/html/index.da.html" title="visit page Beskadigede og blækplettede eurosedler">Beskadigede og blækplettede eurosedler</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Miljø, sundhed og sikkerhed"></a><a href="/euro/banknotes/environmental/html/index.da.html" title="visit page Miljø, sundhed og sikkerhed">Miljø, sundhed og sikkerhed</a><ul><li><a href="/euro/banknotes/environmental/pef/html/index.da.html" title="visit page Produkters miljøaftryk">Produkters miljøaftryk</a></li></ul></li><li><a href="/euro/banknotes/research/html/index.da.html" title="visit page Forskning og udvikling">Forskning og udvikling</a></li><li><a href="/euro/banknotes/images/html/index.da.html" title="visit page Billeder og regler for gengivelse (Images and reproduction rules)">Billeder og regler for gengivelse (Images and reproduction rules)</a></li><li><a href="/euro/banknotes/info/html/index.da.html" title="visit page Informations- og undervisningsmateriale">Informations- og undervisningsmateriale</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Euromønter"></a><a href="/euro/coins/html/index.da.html" title="visit page Euromønter">Euromønter</a><ul><li><a href="/euro/coins/2euro/html/index.da.html" title="visit page 2 €">2 €</a></li><li><a href="/euro/coins/1euro/html/index.da.html" title="visit page 1 €">1 €</a></li><li><a href="/euro/coins/50cents/html/index.da.html" title="visit page 50 cent">50 cent</a></li><li><a href="/euro/coins/20cents/html/index.da.html" title="visit page 20 cent">20 cent</a></li><li><a href="/euro/coins/10cents/html/index.da.html" title="visit page 10 cent">10 cent</a></li><li><a href="/euro/coins/5cents/html/index.da.html" title="visit page 5 cent">5 cent</a></li><li><a href="/euro/coins/2cents/html/index.da.html" title="visit page 2 cent">2 cent</a></li><li><a href="/euro/coins/1cent/html/index.da.html" title="visit page 1 cent">1 cent</a></li><li><a href="/euro/coins/common/html/index.da.html" title="visit page Fælles side">Fælles side</a></li><li><a href="/euro/coins/comm/html/index.da.html" title="visit page 2-euro-erindringsmønter">2-euro-erindringsmønter</a></li><li><a href="/euro/coins/security/html/index.da.html" title="visit page Sikkerhedselementer">Sikkerhedselementer</a></li><li><a href="/euro/coins/collect/html/index.da.html" title="visit page Samlermønter">Samlermønter</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Overgang til eurosedler og -mønter"></a><a href="/euro/changeover/html/index.da.html" title="visit page Overgang til eurosedler og -mønter">Overgang til eurosedler og -mønter</a><ul><li><a href="/euro/changeover/croatia/html/index.da.html" title="visit page Kroatien (2023)">Kroatien (2023)</a></li><li><a href="/euro/changeover/lithuania/html/index.da.html" title="visit page Litauen (2015)">Litauen (2015)</a></li><li><a href="/euro/changeover/latvia/html/index.da.html" title="visit page Letland (2014)">Letland (2014)</a></li><li><a href="/euro/changeover/estonia/html/index.da.html" title="visit page Estland (2011)">Estland (2011)</a></li><li><a href="/euro/changeover/slovakia/html/index.da.html" title="visit page Slovakiet (2009)">Slovakiet (2009)</a></li><li><a href="/euro/changeover/cyprus/html/index.da.html" title="visit page Cypern (2008)">Cypern (2008)</a></li><li><a href="/euro/changeover/malta/html/index.da.html" title="visit page Malta (2008)">Malta (2008)</a></li><li><a href="/euro/changeover/slovenia/html/index.da.html" title="visit page Slovenien (2007)">Slovenien (2007)</a></li><li><a href="/euro/changeover/2002/html/index.da.html" title="visit page Den første overgang til eurosedler og -mønter i 2002">Den første overgang til eurosedler og -mønter i 2002</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Omveksling af nationale sedler og mønter"></a><a href="/euro/exchange/html/index.da.html" title="visit page Omveksling af nationale sedler og mønter">Omveksling af nationale sedler og mønter</a><ul><li><a href="/euro/exchange/au/html/index.da.html" title="visit page Østrig">Østrig</a></li><li><a href="/euro/exchange/be/html/index.da.html" title="visit page Belgien">Belgien</a></li><li><a href="/euro/exchange/hr/html/index.da.html" title="visit page Kroatien">Kroatien</a></li><li><a href="/euro/exchange/cy/html/index.da.html" title="visit page Cypern">Cypern</a></li><li><a href="/euro/exchange/et/html/index.da.html" title="visit page Estland">Estland</a></li><li><a href="/euro/exchange/fi/html/index.da.html" title="visit page Finland">Finland</a></li><li><a href="/euro/exchange/fr/html/index.da.html" title="visit page Frankrig">Frankrig</a></li><li><a href="/euro/exchange/de/html/index.da.html" title="visit page Tyskland">Tyskland</a></li><li><a href="/euro/exchange/gr/html/index.da.html" title="visit page Grækenland">Grækenland</a></li><li><a href="/euro/exchange/ir/html/index.da.html" title="visit page Irland">Irland</a></li><li><a href="/euro/exchange/it/html/index.da.html" title="visit page Italien">Italien</a></li><li><a href="/euro/exchange/lv/html/index.da.html" title="visit page Letland">Letland</a></li><li><a href="/euro/exchange/lt/html/index.da.html" title="visit page Litauen">Litauen</a></li><li><a href="/euro/exchange/lu/html/index.da.html" title="visit page Luxembourg">Luxembourg</a></li><li><a href="/euro/exchange/mt/html/index.da.html" title="visit page Malta">Malta</a></li><li><a href="/euro/exchange/nl/html/index.da.html" title="visit page Holland">Holland</a></li><li><a href="/euro/exchange/pt/html/index.da.html" title="visit page Portugal">Portugal</a></li><li><a href="/euro/exchange/slovakia/html/index.da.html" title="visit page Slovakiet">Slovakiet</a></li><li><a href="/euro/exchange/sl/html/index.da.html" title="visit page Slovenien">Slovenien</a></li><li><a href="/euro/exchange/es/html/index.da.html" title="visit page Spanien">Spanien</a></li></ul></li><li><a href="/euro/visually/html/index.da.html" title="visit page For blinde og svagsynede">For blinde og svagsynede</a></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="#" class="subpages icon" title="toggle subpages for Forskning"></a><a href="/pub/html/index.da.html" title="visit page Forskning">Forskning</a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Forskning</div> <p>Dybdegående undersøgelser og ekspertanalyser af forskellige emner og emneområder</p><a href="/pub/html/index.en.html">Overblik over ECB's forskning</a> <hr> <div class="nav-title">Kviklink</div> <ul>  <li><a href="/press/conferences/html/index.en.html">Konferencer & seminarer</a></li> <li><a href="/pub/economic-research/programmes/html/index.en.html">Muligheder for forskere</a></li> </ul> </div><a href="/press/research-publications/resbull/html/index.en.html" class="item image"> <img src="/pub/html/index/research-bulletin_2560x800.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"> <div class="image-caption">Research Bulletin</div> </a></div></div><ul><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Økonomisk forskning"></a><a href="/pub/economic-research/html/index.da.html" title="visit page Økonomisk forskning">Økonomisk forskning</a><ul><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Forskningsdagsorden"></a><a href="/pub/economic-research/research_agenda/html/index.da.html" title="visit page Forskningsdagsorden">Forskningsdagsorden</a><ul><li><a href="/pub/economic-research/research_agenda/monetary_policy/html/index.da.html" title="visit page Monetary policy, strategy and implementation">Monetary policy, strategy and implementation</a></li><li><a href="/pub/economic-research/research_agenda/fiscal_policy/html/index.da.html" title="visit page Fiscal policy and governance within EMU">Fiscal policy and governance within EMU</a></li><li><a href="/pub/economic-research/research_agenda/international/html/index.da.html" title="visit page International macro and finance">International macro and finance</a></li><li><a href="/pub/economic-research/research_agenda/real_sector/html/index.da.html" title="visit page Real sector and microeconomic analysis">Real sector and microeconomic analysis</a></li><li><a href="/pub/economic-research/research_agenda/forecasting/html/index.da.html" title="visit page Forecasting and business cycle analysis">Forecasting and business cycle analysis</a></li><li><a href="/pub/economic-research/research_agenda/macro-finance/html/index.da.html" title="visit page Macro-finance, systemic risk and macroprudential policy">Macro-finance, systemic risk and macroprudential policy</a></li><li><a href="/pub/economic-research/research_agenda/financial_institutions/html/index.da.html" title="visit page Financial institutions, microprudential policy, financial markets and payments">Financial institutions, microprudential policy, financial markets and payments</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Muligheder for forskere"></a><a href="/pub/economic-research/programmes/html/index.da.html" title="visit page Muligheder for forskere">Muligheder for forskere</a><ul><li><a href="/pub/economic-research/programmes/duisenberg/html/index.da.html" title="visit page Wim Duisenberg Fellowship">Wim Duisenberg Fellowship</a></li><li><a href="/pub/economic-research/programmes/visitors/html/index.da.html" title="visit page Gæsteforskere">Gæsteforskere</a></li><li><a href="/pub/economic-research/programmes/lamfalussy/html/index.da.html" title="visit page Lamfalussy Fellowship">Lamfalussy Fellowship</a></li><li><a href="/pub/economic-research/programmes/graduate/html/index.da.html" title="visit page Summer Research Graduate Programme">Summer Research Graduate Programme</a></li><li><a href="/pub/economic-research/programmes/traineeship/html/index.da.html" title="visit page Student Research Traineeship Programme">Student Research Traineeship Programme</a></li></ul></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Juridisk forskning"></a><a href="/pub/legal-research/html/index.da.html" title="visit page Juridisk forskning">Juridisk forskning</a><ul><li><a href="/pub/legal-research/legal-conferences-and-seminars/html/index.da.html" title="visit page Juridiske konferencer og seminarer">Juridiske konferencer og seminarer</a></li><li><a href="/pub/legal-research/legal-research-programme/html/index.da.html" title="visit page Legal Research Programme">Legal Research Programme</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Videnskabelige publikationer"></a><a href="/pub/research/html/index.da.html" title="visit page Videnskabelige publikationer">Videnskabelige publikationer</a><ul><li><a href="/pub/research/authors/html/index.da.html" title="visit page Publikationer efter forfatter">Publikationer efter forfatter</a></li></ul></li><li><a href="/pub/researchers/html/index.da.html" title="visit page ECB's forskere">ECB's forskere</a></li><li><a href="/pub/research-networks/html/index.da.html" title="visit page Forskningsnetværk">Forskningsnetværk</a></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="#" class="subpages icon" title="toggle subpages for Nyheder & publikationer"></a><a href="/press/html/index.da.html" title="visit page Nyheder & publikationer">Nyheder & publikationer</a><div class="nav-first-level-wrap -nav-in-first-column"><div class="nav-featured-wrap"><div class="nav-featured"> <div class="item"> <div class="title">Nyheder & publikationer</div><a href="/press/pubbydate/html/index.en.html">Gennemse alle nyheder og publikationer</a><hr> </div> </div><ul><li><span>Nyheder</span></li><li><a href="/press/pr/html/index.da.html">Pressemeddelelser</a></li><li><a href="/press/stats/html/index.da.html">Statistiske pressemeddelelser</a></li><li><a href="/press/key/html/index.da.html">Taler</a></li><li><a href="/press/inter/html/index.da.html">Interview</a></li><li><a href="/press/blog/html/index.da.html">ECB's blog</a></li><li><a href="/press/tvservices/html/index.da.html">Podcast & webcast</a></li><li><a href="/press/intro/html/index.da.html">Om</a></li><li><a href="/press/contacts/html/index.da.html">Pressekontakter</a></li></ul></div><ul><li><span>Publikationer</span></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Styrelsesrådets beslutninger"></a><a href="/press/govcdec/html/index.da.html" title="visit page Styrelsesrådets beslutninger">Styrelsesrådets beslutninger</a><ul><li><a href="/press/govcdec/mopo/html/index.da.html" title="visit page Pengepolitiske beslutninger">Pengepolitiske beslutninger</a></li><li><a href="/press/govcdec/otherdec/html/index.da.html" title="visit page Øvrige beslutninger">Øvrige beslutninger</a></li></ul></li><li><a href="/press/accounts/html/index.da.html" title="visit page Sammendrag af de pengepolitiske drøftelser">Sammendrag af de pengepolitiske drøftelser</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Economic Bulletin"></a><a href="/press/economic-bulletin/html/index.da.html" title="visit page Economic Bulletin">Economic Bulletin</a><ul><li><a href="/press/economic-bulletin/articles/html/index.da.html" title="visit page Artikler">Artikler</a></li><li><a href="/press/economic-bulletin/focus/html/index.da.html" title="visit page Fokus">Fokus</a></li><li><a href="/press/economic-bulletin/mb/html/index.da.html" title="visit page Månedsoversigten">Månedsoversigten</a></li></ul></li><li><a href="/press/projections/html/index.da.html" title="visit page Makroøkonomiske fremskrivninger">Makroøkonomiske fremskrivninger</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Årsberetninger & regnskaber"></a><a href="/press/annual-reports-financial-statements/html/index.da.html" title="visit page Årsberetninger & regnskaber">Årsberetninger & regnskaber</a><ul><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Årsberetning"></a><a href="/press/annual-reports-financial-statements/annual/html/index.da.html" title="visit page Årsberetning">Årsberetning</a><ul><li><a href="/press/annual-reports-financial-statements/annual/annual-accounts/html/index.da.html" title="visit page Årsregnskab">Årsregnskab</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Eurosystemets balance"></a><a href="/press/annual-reports-financial-statements/annual/balance/html/index.da.html" title="visit page Eurosystemets balance">Eurosystemets balance</a><ul><li><a href="/press/annual-reports-financial-statements/annual/balance/mpo/html/index.da.html" title="visit page Pengepolitiske operationer">Pengepolitiske operationer</a></li></ul></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Ugentlige balancer"></a><a href="/press/annual-reports-financial-statements/wfs/html/index.da.html" title="visit page Ugentlige balancer">Ugentlige balancer</a><ul><li><a href="/press/annual-reports-financial-statements/wfs/dis/html/index.da.html" title="visit page Disaggregerede data">Disaggregerede data</a></li></ul></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Publikationer om finansiel stabilitet"></a><a href="/press/financial-stability-publications/html/index.da.html" title="visit page Publikationer om finansiel stabilitet">Publikationer om finansiel stabilitet</a><ul><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Financial Stability Review"></a><a href="/press/financial-stability-publications/fsr/html/index.da.html" title="visit page Financial Stability Review">Financial Stability Review</a><ul><li><a href="/press/financial-stability-publications/fsr/special/html/index.da.html" title="visit page Special features">Special features</a></li></ul></li><li><a href="/press/financial-stability-publications/macroprudential-bulletin/html/index.da.html" title="visit page Macroprudential Bulletin">Macroprudential Bulletin</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Forskningspublikationer"></a><a href="/press/research-publications/html/index.da.html" title="visit page Forskningspublikationer">Forskningspublikationer</a><ul><li><a href="/press/research-publications/resbull/html/index.da.html" title="visit page Research Bulletin">Research Bulletin</a></li><li><a href="/press/research-publications/working-papers/html/index.da.html" title="visit page Working Paper Series">Working Paper Series</a></li><li><a href="/press/research-publications/discussion-papers/html/index.da.html" title="visit page Diskussionsoplæg">Diskussionsoplæg</a></li><li><a href="/press/research-publications/occasional-papers/html/index.da.html" title="visit page Occasional Paper Series">Occasional Paper Series</a></li><li><a href="/press/research-publications/legal-working-papers/html/index.da.html" title="visit page Legal Working Papers Series">Legal Working Papers Series</a></li><li><a href="/press/research-publications/statistics-papers/html/index.da.html" title="visit page Statistics Paper Series">Statistics Paper Series</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Øvrige publikationer"></a><a href="/press/other-publications/html/index.da.html" title="visit page Øvrige publikationer">Øvrige publikationer</a><ul><li><a href="/press/other-publications/mep-letters/html/index.da.html" title="visit page Breve til medlemmer af Europa-Parlamentet">Breve til medlemmer af Europa-Parlamentet</a></li><li><a href="/press/other-publications/convergence/html/index.da.html" title="visit page Konvergensrapport">Konvergensrapport</a></li><li><a href="/press/other-publications/ire/html/index.da.html" title="visit page Euroens internationale rolle">Euroens internationale rolle</a></li></ul></li><li><span>Begivenheder og kalendere</span></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Pressekonference"></a><a href="/press/press_conference/html/index.da.html" title="visit page Pressekonference">Pressekonference</a><ul><li><a href="/press/press_conference/monetary-policy-statement/html/index.da.html" title="visit page Pressekonferencer">Pressekonferencer</a></li><li><a href="/press/press_conference/visual-mps/html/index.da.html" title="visit page Pengepolitiske erklæringer - et hurtigt overblik">Pengepolitiske erklæringer - et hurtigt overblik</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Konferencer og seminarer"></a><a href="/press/conferences/html/index.da.html" title="visit page Konferencer og seminarer">Konferencer og seminarer</a><ul><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Forum on Central Banking"></a><a href="/press/conferences/ecbforum/html/index.da.html" title="visit page Forum on Central Banking">Forum on Central Banking</a><ul><li><a href="/press/conferences/ecbforum/YE_competition/html/index.da.html" title="visit page Young Economist Prize">Young Economist Prize</a></li><li><a href="/press/conferences/ecbforum/previous_fora/html/index.da.html" title="visit page Tidligere fora">Tidligere fora</a></li></ul></li><li><a href="/press/conferences/civil_society_engagement/html/index.da.html" title="visit page Engagement i civilsamfundet">Engagement i civilsamfundet</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Kalendere"></a><a href="/press/calendars/html/index.da.html" title="visit page Kalendere">Kalendere</a><ul><li><a href="/press/calendars/weekly/html/index.da.html" title="visit page Ugentlig kalender">Ugentlig kalender</a></li><li><a href="/press/calendars/mgcgc/html/index.da.html" title="visit page Møder i Styrelsesrådet og Det Generelle Råd">Møder i Styrelsesrådet og Det Generelle Råd</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Kalendere over statistikudgivelser"></a><a href="/press/calendars/statscal/html/index.da.html" title="visit page Kalendere over statistikudgivelser">Kalendere over statistikudgivelser</a><ul><li><a href="/press/calendars/statscal/mfm/html/index.da.html" title="visit page Penge, bankvirksomhed og finansielle markeder">Penge, bankvirksomhed og finansielle markeder</a></li><li><a href="/press/calendars/statscal/eaa/html/index.da.html" title="visit page Euroområdets regnskab">Euroområdets regnskab</a></li><li><a href="/press/calendars/statscal/ext/html/index.da.html" title="visit page Eksterne transaktioner og positioner">Eksterne transaktioner og positioner</a></li><li><a href="/press/calendars/statscal/ges/html/index.da.html" title="visit page Priser, produktion, efterspørgsel og arbejdsmarked">Priser, produktion, efterspørgsel og arbejdsmarked</a></li><li><a href="/press/calendars/statscal/gf/html/index.da.html" title="visit page Offentlige finanser">Offentlige finanser</a></li><li><a href="/press/calendars/statscal/sps/html/index.da.html" title="visit page Supervisory and prudential statistics">Supervisory and prudential statistics</a></li></ul></li><li><a href="/press/calendars/caleu/html/index.da.html" title="visit page Eurosystemets auktioner">Eurosystemets auktioner</a></li><li><a href="/press/calendars/reserve/html/index.da.html" title="visit page Reservekravsperiode">Reservekravsperiode</a></li></ul></li></ul></div></li><li class="-ssm" aria-expanded="false"><a href="https://www.bankingsupervision.europa.eu/home/html/index.da.html" title="visit page Banktilsyn">Banktilsyn<i class="external"></i></a></li></ul></div><div id="topnav"><ul><li class="has-subpages" aria-expanded="false"><a href="#" class="subpages icon" title="toggle subpages for Om os"></a><a href="/ecb/html/index.da.html" title="visit page Om os">Om os</a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"> <div class="item"> <div class="title">Om os</div> <a href="/ecb">Overview of Om os</a><hr> </div> </div></div><ul><li><a href="/ecb/all-about-us/html/index.da.html" title="visit page Alt om os">Alt om os</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Besluttende organer"></a><a href="/ecb/decisions/html/index.da.html" title="visit page Besluttende organer">Besluttende organer</a><ul><li><a href="/ecb/decisions/eb/html/index.da.html" title="visit page Direktionen">Direktionen</a></li><li><a href="/ecb/decisions/govc/html/index.da.html" title="visit page Styrelsesrådet">Styrelsesrådet</a></li><li><a href="/ecb/decisions/genc/html/index.da.html" title="visit page Det Generelle Råd">Det Generelle Råd</a></li><li><a href="/ecb/decisions/ssm/html/index.da.html" title="visit page Tilsynsrådet">Tilsynsrådet</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Organisation"></a><a href="/ecb/orga/html/index.da.html" title="visit page Organisation">Organisation</a><ul><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for ECB, ESCB og Eurosystemet"></a><a href="/ecb/orga/escb/html/index.da.html" title="visit page ECB, ESCB og Eurosystemet">ECB, ESCB og Eurosystemet</a><ul><li><a href="/ecb/orga/escb/ecb-mission/html/index.da.html" title="visit page ECB's målsætning">ECB's målsætning</a></li><li><a href="/ecb/orga/escb/eurosystem-mission/html/index.da.html" title="visit page Eurosystemets målsætning">Eurosystemets målsætning</a></li><li><a href="/ecb/orga/escb/strategic-intents/html/index.da.html" title="visit page Strategiske intentioner">Strategiske intentioner</a></li><li><a href="/ecb/orga/escb/organisational-principles/html/index.da.html" title="visit page Organisationsprincipper">Organisationsprincipper</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Opgaver"></a><a href="/ecb/orga/tasks/html/index.da.html" title="visit page Opgaver">Opgaver</a><ul><li><a href="/ecb/orga/tasks/monpol/html/index.da.html" title="visit page Pengepolitik">Pengepolitik</a></li><li><a href="/ecb/orga/tasks/statistics/html/index.da.html" title="visit page Statistik">Statistik</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Finansiel stabilitet og makroprudentiel politik"></a><a href="/ecb/orga/tasks/stability/html/index.da.html" title="visit page Finansiel stabilitet og makroprudentiel politik">Finansiel stabilitet og makroprudentiel politik</a><ul><li><a href="/ecb/orga/tasks/stability/tasks/html/index.da.html" title="visit page Opgaver">Opgaver</a></li><li><a href="/ecb/orga/tasks/stability/strategy/html/index.da.html" title="visit page Strategi">Strategi</a></li><li><a href="/ecb/orga/tasks/stability/framework/html/index.da.html" title="visit page Institutionel ramme">Institutionel ramme</a></li></ul></li><li><a href="/ecb/orga/tasks/euro/html/index.da.html" title="visit page Pengesedler">Pengesedler</a></li><li><a href="/ecb/orga/tasks/paym/html/index.da.html" title="visit page Betalinger og værdipapirer">Betalinger og værdipapirer</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Europæiske relationer"></a><a href="/ecb/orga/tasks/europe/html/index.da.html" title="visit page Europæiske relationer">Europæiske relationer</a><ul><li><a href="/ecb/orga/tasks/europe/cooperation/html/index.da.html" title="visit page Europæisk samarbejde">Europæisk samarbejde</a></li><li><a href="/ecb/orga/tasks/europe/emu/html/index.da.html" title="visit page Økonomisk styring af ØMU'en">Økonomisk styring af ØMU'en</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Internationale anliggender"></a><a href="/ecb/orga/tasks/international/html/index.da.html" title="visit page Internationale anliggender">Internationale anliggender</a><ul><li><a href="/ecb/orga/tasks/international/institutions/html/index.da.html" title="visit page Internationale relationer og analyser">Internationale relationer og analyser</a></li><li><a href="/ecb/orga/tasks/international/financialarchitecture/html/index.da.html" title="visit page Internationalt centralbanksamarbejde">Internationalt centralbanksamarbejde</a></li></ul></li><li><a href="/ecb/orga/tasks/reserves/html/index.da.html" title="visit page Valutareserve og egenportefølje">Valutareserve og egenportefølje</a></li><li><a href="/ecb/orga/tasks/forex/html/index.da.html" title="visit page Valutaoperationer">Valutaoperationer</a></li></ul></li><li><a href="/ecb/orga/orgachart/html/index.da.html" title="visit page ECB's organisationsplan">ECB's organisationsplan</a></li><li><a href="/ecb/orga/capital/html/index.da.html" title="visit page Kapital">Kapital</a></li><li><a href="/ecb/orga/governance/html/index.da.html" title="visit page Corporate governance">Corporate governance</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Vores værdier"></a><a href="/ecb/our-values/html/index.da.html" title="visit page Vores værdier">Vores værdier</a><ul><li><a href="/ecb/our-values/independence/html/index.da.html" title="visit page Uafhængighed">Uafhængighed</a></li><li><a href="/ecb/our-values/transparency/html/index.da.html" title="visit page Gennemsigtighed">Gennemsigtighed</a></li><li><a href="/ecb/our-values/accountability/html/index.da.html" title="visit page Ansvarlighed">Ansvarlighed</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Etik – et arbejde med integritet"></a><a href="/ecb/our-values/ethics/html/index.da.html" title="visit page Etik – et arbejde med integritet">Etik – et arbejde med integritet</a><ul><li><a href="/ecb/our-values/ethics/enmo/html/index.da.html" title="visit page Ethics Network of Multilateral Organizations (ENMO)">Ethics Network of Multilateral Organizations (ENMO)</a></li></ul></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Vores historie, kunst og kultur"></a><a href="/ecb/history-arts-culture/html/index.da.html" title="visit page Vores historie, kunst og kultur">Vores historie, kunst og kultur</a><ul><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Historie"></a><a href="/ecb/history-arts-culture/history/html/index.da.html" title="visit page Historie">Historie</a><ul><li><a href="/ecb/history-arts-culture/history/25-year-anniversary-of-the-ecb/html/index.da.html" title="visit page 25 år med ECB">25 år med ECB</a></li><li><a href="/ecb/history-arts-culture/history/emu/html/index.da.html" title="visit page Den Økonomiske og Monetære Union">Den Økonomiske og Monetære Union</a></li><li><a href="/ecb/history-arts-culture/history/enlargement/html/index.da.html" title="visit page Udvidelsen af EU">Udvidelsen af EU</a></li><li><a href="/ecb/history-arts-culture/history/ec/html/index.da.html" title="visit page Den Europæiske Union">Den Europæiske Union</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Arkiv"></a><a href="/ecb/history-arts-culture/archives/html/index.da.html" title="visit page Arkiv">Arkiv</a><ul><li><a href="/ecb/history-arts-culture/archives/cog/html/index.da.html" title="visit page Komiteen af centralbankchefer">Komiteen af centralbankchefer</a></li><li><a href="/ecb/history-arts-culture/archives/emcf/html/index.da.html" title="visit page Den Europæiske Fond for Monetært Samarbejde">Den Europæiske Fond for Monetært Samarbejde</a></li><li><a href="/ecb/history-arts-culture/archives/delors/html/index.da.html" title="visit page Delors-komiteen">Delors-komiteen</a></li><li><a href="/ecb/history-arts-culture/archives/emi/html/index.da.html" title="visit page Det Europæiske Monetære Institut">Det Europæiske Monetære Institut</a></li><li><a href="/ecb/history-arts-culture/archives/european/html/index.da.html" title="visit page Den Europæiske Centralbank">Den Europæiske Centralbank</a></li></ul></li><li><a href="/ecb/history-arts-culture/artsculture/html/index.da.html" title="visit page Kunst og kultur">Kunst og kultur</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Retsgrundlag"></a><a href="/ecb/legal/html/index.da.html" title="visit page Retsgrundlag">Retsgrundlag</a><ul><li><a href="/ecb/legal/faqs/html/index.da.html" title="visit page Ofte stillede spørgsmål">Ofte stillede spørgsmål</a></li><li><a href="/ecb/legal/fsla/html/index.da.html" title="visit page Ofte søgte retsakter">Ofte søgte retsakter</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Klimaændringer og ECB"></a><a href="/ecb/climate/html/index.da.html" title="visit page Klimaændringer og ECB">Klimaændringer og ECB</a><ul><li><a href="/ecb/climate/our-climate-and-nature-plan/html/index.da.html" title="visit page Vores klima- og naturplan">Vores klima- og naturplan</a></li><li><a href="/ecb/climate/climate-related-financial-disclosures/html/index.da.html" title="visit page Klimarelaterede finansielle oplysninger (Climate-related financial disclosures)">Klimarelaterede finansielle oplysninger (Climate-related financial disclosures)</a></li><li><a href="/ecb/climate/managing_mitigating_climatel_risk/html/index.da.html" title="visit page Styre klimarelaterede risici">Styre klimarelaterede risici</a></li><li><a href="/ecb/climate/green_transition/html/index.da.html" title="visit page Understøtte den grønne omstilling">Understøtte den grønne omstilling</a></li><li><a href="/ecb/climate/wider_action/html/index.da.html" title="visit page Fremme en bredere indsats">Fremme en bredere indsats</a></li><li><a href="/ecb/climate/our_approach/html/index.da.html" title="visit page Vores tilgang">Vores tilgang</a></li><li><a href="/ecb/climate/green/html/index.da.html" title="visit page Miljøbeskyttelse i ECB">Miljøbeskyttelse i ECB</a></li><li><a href="/ecb/climate/climate/html/index.da.html" title="visit page Klimaforsikringsbeskyttelseskløften">Klimaforsikringsbeskyttelseskløften</a></li></ul></li><li><a href="/ecb/sanctions/html/index.da.html" title="visit page Sanktioner pålagt af ECB">Sanktioner pålagt af ECB</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Indkøb"></a><a href="/ecb/jobsproc/html/index.da.html" title="visit page Indkøb">Indkøb</a><ul><li><a href="/ecb/jobsproc/tenders/html/index.da.html" title="visit page Udbud">Udbud</a></li><li><a href="/ecb/jobsproc/archive/html/index.da.html" title="visit page Arkiv">Arkiv</a></li><li><a href="/ecb/jobsproc/sourcing/html/index.da.html" title="visit page Elektronisk udbudssystem">Elektronisk udbudssystem</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Aktindsigt"></a><a href="/ecb/access_to_documents/html/index.da.html" title="visit page Aktindsigt">Aktindsigt</a><ul><li><a href="/ecb/access_to_documents/document/html/index.da.html" title="visit page Offentligt dokumentregister">Offentligt dokumentregister</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Kontaktinformation"></a><a href="/ecb/contacts/html/index.da.html" title="visit page Kontaktinformation">Kontaktinformation</a><ul><li><a href="/ecb/contacts/address/html/index.da.html" title="visit page Adresse">Adresse</a></li><li><a href="/ecb/contacts/working-hours/html/index.da.html" title="visit page Kontortid">Kontortid</a></li></ul></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="#" class="subpages icon" title="toggle subpages for ECB & dig"></a><a href="/ecb-and-you/html/index.da.html" title="visit page ECB & dig">ECB & dig</a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"> <div class="item"> <div class="title">ECB & dig</div> <a href="/ecb-and-you">Overview of ECB & dig</a><hr> </div> </div></div><ul><li><a href="/ecb-and-you/educational/html/index.da.html" title="visit page Undervisningsmateriale">Undervisningsmateriale</a></li><li><a href="/ecb-and-you/explainers/html/index.da.html" title="visit page Explainere">Explainere</a></li><li><a href="/ecb-and-you/test-your-knowledge/html/index.da.html" title="visit page Test din viden">Test din viden</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Initiativer med input fra de unge"></a><a href="/ecb-and-you/youth-initiatives/html/index.da.html" title="visit page Initiativer med input fra de unge">Initiativer med input fra de unge</a><ul><li><a href="/ecb-and-you/youth-initiatives/girls_it_bootcamp/html/index.da.html" title="visit page IT-bootcamp for piger">IT-bootcamp for piger</a></li></ul></li><li><a href="/ecb-and-you/everyone-needs-stability/html/index.da.html" title="visit page Alle har brug for stabilitet">Alle har brug for stabilitet</a></li><li><a href="/ecb-and-you/ecb_and_you/html/index.da.html" title="visit page ECB og dig">ECB og dig</a></li><li><a href="/ecb-and-you/ask_us/html/index.da.html" title="visit page Stil spørgsmål">Stil spørgsmål</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Besøg os"></a><a href="/ecb-and-you/visits/html/index.da.html" title="visit page Besøg os">Besøg os</a><ul><li><a href="/ecb-and-you/visits/premises/html/index.da.html" title="visit page ECB’s hovedsæde">ECB’s hovedsæde</a></li></ul></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="#" class="subpages icon" title="toggle subpages for Karriere & Job"></a><a href="/careers/html/index.da.html" title="visit page Karriere & Job">Karriere & Job</a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"> <div class="item"> <div class="title">Karriere & Job</div> <a href="/careers">Overview of Karriere & Job</a><hr> </div> </div></div><ul><li><a href="/careers/all-about-careers/html/index.da.html" title="visit page Alt om karrierer">Alt om karrierer</a></li><li><a href="/careers/vacancies/html/index.da.html" title="visit page Ledige job">Ledige job</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Hvem er vi?"></a><a href="/careers/working-at-the-ecb/html/index.da.html" title="visit page Hvem er vi?">Hvem er vi?</a><ul><li><a href="/careers/working-at-the-ecb/about/html/index.da.html" title="visit page Om ECB">Om ECB</a></li><li><a href="/careers/working-at-the-ecb/employee-portraits/html/index.da.html" title="visit page Mød nogle af vores medarbejdere">Mød nogle af vores medarbejdere</a></li><li><a href="/careers/working-at-the-ecb/life-in-frankfurt/html/index.da.html" title="visit page Livet i Frankfurt">Livet i Frankfurt</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Vi sætter diversitet højt"></a><a href="/careers/why-we-value-diversity/html/index.da.html" title="visit page Vi sætter diversitet højt">Vi sætter diversitet højt</a><ul><li><a href="/careers/why-we-value-diversity/women/html/index.da.html" title="visit page Kvinder@ECB">Kvinder@ECB</a></li><li><a href="/careers/why-we-value-diversity/diversity-networks/html/index.da.html" title="visit page Diversitetsnetværk">Diversitetsnetværk</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Vi tilbyder"></a><a href="/careers/what-we-offer/html/index.da.html" title="visit page Vi tilbyder">Vi tilbyder</a><ul><li><a href="/careers/what-we-offer/benefits/html/index.da.html" title="visit page Ydelser & fordele">Ydelser & fordele</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Kontrakttyper"></a><a href="/careers/what-we-offer/contract/html/index.da.html" title="visit page Kontrakttyper">Kontrakttyper</a><ul><li><a href="/careers/what-we-offer/contract/fixed/html/index.da.html" title="visit page Tidsbegrænsede">Tidsbegrænsede</a></li><li><a href="/careers/what-we-offer/contract/short/html/index.da.html" title="visit page Kortvarige">Kortvarige</a></li><li><a href="/careers/what-we-offer/contract/escb/html/index.da.html" title="visit page ESCB/IO">ESCB/IO</a></li><li><a href="/careers/what-we-offer/contract/other/html/index.da.html" title="visit page Andre">Andre</a></li></ul></li><li><a href="/careers/what-we-offer/traineeship/html/index.da.html" title="visit page Praktikantstillinger">Praktikantstillinger</a></li><li><a href="/careers/what-we-offer/graduate/html/index.da.html" title="visit page Graduate Programme">Graduate Programme</a></li><li><a href="/careers/what-we-offer/wecs/html/index.da.html" title="visit page Studielegat til kvinder inden for økonomi">Studielegat til kvinder inden for økonomi</a></li><li><a href="/careers/what-we-offer/ukrainian-scholarship/html/index.da.html" title="visit page ECB Scholarship for Ukrainian graduates">ECB Scholarship for Ukrainian graduates</a></li></ul></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Inden du ansøger"></a><a href="/careers/before-you-apply/html/index.da.html" title="visit page Inden du ansøger">Inden du ansøger</a><ul><li><a href="/careers/before-you-apply/how-to-apply/html/index.da.html" title="visit page Sådan ansøger du">Sådan ansøger du</a></li><li><a href="/careers/before-you-apply/how-we-hire/html/index.da.html" title="visit page Vores ansættelsespolitik">Vores ansættelsespolitik</a></li><li class="has-subpages"><a href="#" class="subpages icon" title="toggle subpages for Du er blevet valgt. Hvad nu?"></a><a href="/careers/before-you-apply/newcomers/html/index.da.html" title="visit page Du er blevet valgt. Hvad nu?">Du er blevet valgt. Hvad nu?</a><ul><li><a href="/careers/before-you-apply/newcomers/fixed-term/html/index.da.html" title="visit page Medarbejdere med en tidsbegrænset kontrakt">Medarbejdere med en tidsbegrænset kontrakt</a></li><li><a href="/careers/before-you-apply/newcomers/short-term/html/index.da.html" title="visit page Medarbejdere med en kortfristet kontrakt">Medarbejdere med en kortfristet kontrakt</a></li><li><a href="/careers/before-you-apply/newcomers/trainee/html/index.da.html" title="visit page Praktikanter">Praktikanter</a></li><li><a href="/careers/before-you-apply/newcomers/cost-free/html/index.da.html" title="visit page Omkostningsfrie udstationerede">Omkostningsfrie udstationerede</a></li></ul></li></ul></li><li><a href="/careers/faq/html/index.da.html" title="visit page Hyppigt stillede spørgsmål">Hyppigt stillede spørgsmål</a></li></ul></div></li></ul></div></nav> <div id="page-actions"> <div class="ecb-quickSearch" style="width:100%;"> <form role="search" method="get" style="width:100%;display:flex" onsubmit="return false"> <input type="text" name="search" class="addsearch" id="searchInput" maxlength="300" aria-label="Search" alt="Search" autocomplete="off" /> <a href="#" id="searchButton">Search</a> </form> </div> </div> <button id="toggle-mobile-nav" aria-expanded="false" aria-controls="navwrapper"><span class="sr-only">Menu</span></button> </div> <div id="ecb-breadcrumbscontainer"><div id="ecb-breadcrumbwrapper"><nav id="ecb-breadcrumbs"></nav></div></div> </header> <div id="ecb-mainnavwrapper" style="display: none !important;"></div> <div id="addSearch-container-full"> <div class="blue-bg"> <div class="arrow-top"></div> <div class="section filter-radio"> <div class="tabs-container -white-blue"> <input id="searchAll" name="search-tab-group" type="radio" checked="" onClick="ECB.slow.addSearchApi.filterDate(this.value);" value="all"> <label for="searchAll" class="count-hits-all">NÅR SOM HELST <span class="count-hits"></span></label> <div class="spacer"></div> <input id="searchMonth" name="search-tab-group" type="radio" onClick="ECB.slow.addSearchApi.filterDate(this.value);" value="month"> <label for="searchMonth" class="count-hits-month">SENESTE MÅNED <span class="count-hits"></span></label> <div class="spacer"></div> <input id="searchYear" name="search-tab-group" type="radio" onClick="ECB.slow.addSearchApi.filterDate(this.value);" value="year"> <label for="searchYear" class="count-hits-year">SENESTE ÅR <span class="count-hits"></span></label> </div> <div class="tabs-search-options-head"> <div id="text-search-options" class="title-option">SØGEMULIGHEDER</div> <div id="text-image-preview" class="title-option hidden">Billedeksempel</div> </div> </div> <div class="arrow-bottom"></div> <div class="filter-selection form"> <div class="form-content"> <form> <div> <label for="dropdownSuggestions">Sortér efter</label> <div id="dropdownFilter" class="dropdown"><span class="icon"></span><select onchange="ECB.slow.addSearchApi.filterDate(this.value)" id="searchFilterDate"> <option value="all" class="count-hits-all">NÅR SOM HELST</option> <option value="month" class="count-hits-month">SENESTE MÅNED</option> <option value="year" class="count-hits-year">SENESTE ÅR</option> </select> </div> </div> <div> <label for="dropdownSuggestions" class="space-top">Forslag</label> <div id="dropdownSuggestions" class="dropdown"><span class="icon"></span><select onchange="ECB.slow.addSearchApi.initSearch(this.value)" id="searchSuggestion"> <option></option> </select> </div> </div> </form> </div> </div> </div> <div class="white-bg"> <div class="section"> <div class="result-main-panel"><div id="addsearch-api-results"></div> <div class="addsearch-legends-categories"><span id="adcat_home">Hjem</span> <span id="adcat_press">Medier</span> <span id="adcat_explainers">Explainers</span> <span id="adcat_pub">Forskning & Offentliggørelser</span> <span id="adcat_stats">Statistik</span> <span id="adcat_mopo">Pengepolitik</span> <span id="adcat_euro">€uroen</span> <span id="adcat_paym">Betalinger & Markeder</span> <span id="adcat_career">Kariere & Job</span></div> </div> <div class="result-side-panel"> <div id="addsearch-sidemenu"> <div id="result-suggestions"><span>Forslag</span><div id="suggestions-container"> </div> </div> <div id="result-sortBy"><span>Sortér efter</span><div id="sortby-radio-container"> <div class="addsearch-sortby-radiogroup"> <label> <input id="sort-by-relevance" type="radio" name="sortby-radio-container" onclick="ECB.slow.addSearchApi.sortBy('relevance')" data-field="relevance" data-order="desc" value="" checked="">Relevans</label> <label> <input id="sort-by-date" type="radio" name="sortby-radio-container" onclick="ECB.slow.addSearchApi.sortBy('date')" data-field="date" data-order="desc" value="">Dato</label> </div> </div> </div> </div> <div id="addsearch-image-container"><a href="#" class="no-icon" target="_blank"><img src="" id="addsearch-image" /></a></div> </div> </div> </div> </div> <div id="main-wrapper" > <div class="header fast image-attribution -small" data-image-webp="/mopo/shared/img/header.webp" data-image="/mopo/shared/img/header.jpg"> <div data-image="/mopo/shared/img/header.jpg" data-image-webp="/mopo/shared/img/header.webp" ></div> </div> <aside aria-label="Social media sharing and related content (if available)"> <div id="ecb-social-sharing" class="" tab-index="2"> <ul class="-links"> <li class="-print"><a href="javascript:window.print()" title="Print page"></a></li> </ul> <div class="-separator"></div> <ul class="-links"> <li class="-twitter"><a href="javascript:window.open('https://twitter.com/intent/tweet?url='+location.protocol + '//' + location.host + location.pathname+((document.location.search.search(/\?youtubeID=[a-zA-Z0-9_-]+$/)!=-1&&document.location.search)||''),'_blank','width=600,height=400,menubar=no')" title="Share on X"></a></li> <li class="-facebook"><a href="javascript:window.open('https://www.facebook.com/sharer/sharer.php?u='+location.protocol + '//' + location.host + location.pathname+((document.location.search.search(/\?youtubeID=[a-zA-Z0-9_-]+$/)!=-1&&document.location.search)||''),'_blank','width=600,height=400,menubar=no')" title="Share on Facebook"></a></li> <li class="-linkedin"><a href="javascript:window.open('https://www.linkedin.com/shareArticle?url='+location.protocol + '//' + location.host + location.pathname+((document.location.search.search(/\?youtubeID=[a-zA-Z0-9_-]+$/)!=-1&&document.location.search)||''),'_blank','width=600,height=400,menubar=no')" title="Share on LinkedIn"></a></li> <li class="-email"><a href="javascript:window.open('mailto:?subject=I would like to share this link with you&body=Link to the website of the European Central Bank: '+location.protocol + '//' + location.host + location.pathname+((document.location.search.search(/\?youtubeID=[a-zA-Z0-9_-]+$/)!=-1&&document.location.search)||''))" title="Share by Email"></a></li> </ul> </div> </aside> <main > <div class="toBeUpdated" id="language-not-available">Findes ikke på dansk</div> <div class="title"> <h1>Valuation</h1> </div> <div class="section"> <p>When determining the value of underlying assets used in reverse transactions, the Eurosystem applies, among others, the following principles: </p> <h2>Marketable assets</h2> <p>The <a href="/press/govcdec/otherdec/2012/html/gc120921.en.html" title="Go to: Press > Governing Council decisions > Other decisions > 2012 > 21 September 2012">Common Eurosystem Pricing Hub (CEPH)</a>, developed and operated by the Eurosystem, provides the Eurosystem with a unique price per asset per business day that is used by all Eurosystem central banks to value eligible marketable assets submitted as collateral in Eurosystem credit operations. To define these unique Eurosystem prices, the CEPH collects market prices and defines the most reliable one on a given business day. In the absence of a reliable market price for a particular marketable asset on the business day preceding the valuation date, the CEPH calculates a theoretical price. The value of a marketable asset is calculated on the basis of this unique Eurosystem price on the business day preceding the valuation date. The CEPH started its marketable assets operations on 24 September 2012. </p> <h2>Non-marketable assets</h2> <p>Non-marketable assets are assigned a value corresponding to the outstanding amount. </p> </div> <div class="in-this-section" id="pages-in-section-holder"> <h3>Alle sider i dette afsnit</h3> <div class="content-box"> </div> </div> </main> </div> <div id="feedback" class="hidden"> <div class="content-box"> <div class="initial"> <div class="title">Levede denne side op til dine forventninger?</div><a class="button -inverted-color" id="feedback-yes">Ja</a> <a class="button -inverted-color" id="feedback-no">Nej</a></div> <div class="second hidden"> <div class="title">Hvorfor ikke?</div><a class="button -inverted-color" id="feedback-broken">Siden fungerer ikke</a> <a class="button -inverted-color" id="feedback-content">Oplysningerne er uinteressante</a> <a class="button -inverted-color" id="feedback-design">Designet er kedeligt</a> <a class="button -inverted-color" id="feedback-other">Andet</a></div> <div class="final hidden"> <div class="title">Tak for din tilbagemelding!</div> </div> </div> </div> <footer id="ecb-doc-footer"> <div class="ecb-footerTop"> <div class="sitemap"><a href="/home/sitedir/html/index.en.html" title="Site Directory">Site directory</a></div> <div class="socialLinks"><a class="inline-link" href="/home/socialmedia/html/index.en.html" title="Officielle sociale mediakanaler">FØLG OS</a> <a href="http://twitter.com/ecb" class="twitter" title="X"></a> <a href="https://www.linkedin.com/company/european-central-bank" class="linkedin" title="LinkedIn"></a> <a href="https://www.instagram.com/europeancentralbank/" class="instagram" title="Instagram"></a> <a href="https://www.youtube.com/user/ecbeuro" class="youtube" title="YouTube"></a> <a href="https://www.flickr.com/photos/europeancentralbank/sets/" class="flickr" title="Flickr"></a> <a href="https://soundcloud.com/europeancentralbank" class="soundcloud" title="SoundCloud"></a> <a href="/rss" class="rss" title="RSS-news feeds"></a></div> </div><div class="ecb-footerBottom"><p><span>Copyright 2024, </span>Den Europæiske Centralbank</p> <div class="ecb-serviceNavigation"> <div class="ecb-serviceNavigationBox"> <div class="ecb-serviceNavigationBoxTitle">Nyttige link</div> <div class="ecb-serviceNavigationBoxLinks"> <ul> <li><a href="/careers/vacancies/html/index.en.html">Karriere og Job</a></li> <li><a href="/services/glossary/html/index.en.html">Ordliste</a></li> <li><a href="/services/links/html/index.en.html">Andre institutioner</a></li> </ul> </div> </div> <div class="ecb-serviceNavigationBox"> <div class="ecb-serviceNavigationBoxTitle">Sådan bruger du vores websted</div> <div class="ecb-serviceNavigationBoxLinks"> <ul> <li><a href="/services/disclaimer/html/index.en.html">Ansvarsfraskrivelse & Copyright</a></li> <li><a href="/services/data-protection/privacy-statements/website/html/index.en.html">Databeskyttelseserklæring</a></li> <li><a href="/services/languagepolicy/html/index.en.html">Sprogpolitik</a></li> </ul> </div> </div> <div class="ecb-serviceNavigationBox"> <div class="ecb-serviceNavigationBoxTitle">Virksomhedspolitik</div> <div class="ecb-serviceNavigationBoxLinks"> <ul> <li><a href="/services/data-protection/html/index.en.html">Databeskyttelse</a></li> <li><a href="/ecb/access_to_documents/html/index.en.html">Aktindsigt</a></li> </ul> </div> </div> <div class="ecb-serviceNavigationBox"> <div class="ecb-serviceNavigationBoxTitle">Kontakt</div> <div class="ecb-serviceNavigationBoxLinks"> <ul> <li><a href="/services/contacts/html/index.en.html">Kontaktinformation</a></li> <li><a href="/services/contacts/address/html/index.en.html">Adresse</a></li> <li><a href="/services/contacts/working-hours/html/index.en.html">Kontortid</a></li> </ul> </div> </div> </div> </div>  </footer> <style> [data-count]{ position: relative; } [data-count]::after{ position: absolute; right: -20px; bottom: 0px; display: block; content: attr(data-count); color: rgba(255, 255, 255, 0.8); text-shadow: 0 0 8px black; font-size: 11px; } body.hideCount [data-count]::after{ display: none; } </style> <script> (function(){ let addedCount = false; let addCount = function(){ let list = document.querySelectorAll("h2,h3,h4,p,a"); for(var i = 0; i < list.length; i++){ let item = list[i]; item.setAttribute("data-count",item.textContent.length); } } document.onkeypress = function(e){ if(e.ctrlKey && e.code == "KeyM"){ if(addedCount){ document.body.classList.add('hideCount'); addedCount = false; }else{ document.body.classList.remove('hideCount'); addCount(); addedCount = true; } } } })(); </script> <link rel="stylesheet" href="/shared/dist/css/print.min.css?2646225" media="print"> <div class="ecb-cookieConsent hidden" id="cookieConsent"> <div class="initial"> <h2>Vi bruger cookies på vores websted</h2> <p>Vi arbejder løbende på at forbedre webstedets brugervenlighed. Det gør vi ved hjælp af de anonyme data, vi får fra cookies.<br> <a href="/home/data-protection/privacy-statements/website/html/index.da.html" class="arrow">Få mere at vide om, hvordan vi bruger cookies</a></p> <div class="consentButtons initial cf"><a class="check linkButton linkButtonLarge floatLeft highlight-medium">Jeg forstår, og jeg accepterer brugen af cookies</a> <a class="cross linkButton linkButtonLarge floatRight highlight-extra-light">Jeg accepterer ikke brugen af cookies</a></div> </div> <div class="accepted hidden"> <div style="background-image:url(/shared/nav/svg/cookies_accepted.svg);width:100px;height:100px;margin:auto" class="img"></div> <h2>Tak!</h2> </div> <div class="refused hidden"> <div style="background-image:url(/shared/nav/svg/cookies_refused.svg);width:100px;height:100px;margin:auto" class="img"></div> <h2>Tak!</h2> </div> <div class="updated hidden"> <h2>Vi har opdateret vores privatlivspolitik</h2> <p>Vi arbejder løbende på at forbedre webstedets brugervenlighed. Det gør vi ved hjælp af de anonyme data, vi får fra cookies.<br> <a href="/home/data-protection/privacy-statements/website/html/index.da.html" class="arrow">Her kan du læse om ændringerne i vores privatlivspolitik</a></p> <div class="consentButtons updated cf"><a class="check linkButton linkButtonLarge floatLeft highlight-medium">Jeg forstår, og jeg accepterer brugen af cookies</a> <a class="cross linkButton linkButtonLarge floatRight highlight-extra-light">Jeg accepterer ikke brugen af cookies</a></div> </div> <div class="expired hidden"> <h2>Din valg med hensyn til cookies er udløbet</h2> <p>Vi arbejder løbende på at forbedre webstedets brugervenlighed. Det gør vi ved hjælp af de anonyme data, vi får fra cookies.<br> <a href="/home/data-protection/privacy-statements/website/html/index.da.html" class="arrow">Få mere at vide om, hvordan vi anvender cookies</a></p> <div class="consentButtons expired cf"><a class="check linkButton linkButtonLarge floatLeft highlight-medium">Jeg forstår, og jeg accepterer brugen af cookies</a> <a class="cross linkButton linkButtonLarge floatRight highlight-extra-light">Jeg accepterer ikke brugen af cookies</a></div> </div> </div> <div class="cookieBlockedMessage template hidden"> <div class="cookieBlockedContentHolder"> <div class="mainCookieBlockedMessage">Dette indhold kræver cookies.</div><a href="/home/data-protection/privacy-statements/website/html/index.da.html" class="button">Privatlivspolitik</a></div> </div> <script src="/shared/js/analytics/pa_events.js?v=2605151" data-siteID="638441" data-collectDomain="https://qfknbhm.pa-cd.com"></script> <script src="/shared/dist/js/ieBlock.min.js" defer></script> </body> </html>