Central bank bills: short-temr securities issued by the central bank which could be marketable or tradable. ... to another (the drawee, normally a bank) requiring the drawee to pay a specified sum on demand to the drawer or to a third party specified by the drawer. ... of a particular credit card, and may also provide a number of marketing, processing or other services to institutions issuing its credit card.
|Title||:||Implications for central banks of the development of electronic money|
|Author||:||Bank for International Settlements|