cash changeover year means a period of 12 months starting on the cash changeover date

S is the following coefficient for each financial year, starting with the cash changeover date

cash changeover date shall mean the date on which euro banknotes and coins acquire the status of legal tender in a given participating Member State

reference period means a period of 24 months starting 30 months before the cash changeover date

cash changeover date means the date on which euro banknotes and coins become legal tender in a given future participating Member State

Eligible counterparties shall ensure that there is no circulation of any frontloaded euro banknotes and coins prior to the cash changeover date.

Under the conditions mentioned in paragraph 3, simplified sub-frontloading may only occur five calendar days before the cash changeover date.

The recording shall occur regardless of the reason for the banknotes entering into circulation prior to the cash changeover date.

transitional period means a period of three years at the most beginning at 00.00 hours (local time) on the euro adoption date and ending at 00.00 hours (local time) on the cash changeover date

if there is any reason to believe that any frontloaded euro banknotes or coins have entered into circulation before the cash changeover date; and