Overnight deposits

Deposits which are convertible into currency and/or transferable on demand by cheque, banker's order, debit entry or similar means, without significant delay, restriction or penalty. Such deposits also include balances (interest-bearing or not) immediately convertible into currency on demand or by close of business on the day following that on which the demand was made, without any material penalty or restriction, but which are not transferable; balances (interest-bearing or not) representing prepaid amounts related to a hardware-based or software-based electronic money (e.g., prepaid cards); loans to be repaid on the next business day following that on which the loan was granted.
The definition of the concept is consistent with Regulation (EU) 2021/379 of the European Central Bank of 22 January 2021 on the balance sheet items of credit institutions and of the monetary financial institutions sector (recast) (ECB/2021/2).