To fund these redemptions on behalf of some member states, the ECB would issue bonds in its own name, guaranteed solely by the ECB, but repaid, in full, by the member state. Upon the issue of such an ECB bond, the ECB would simultaneously open a debit account for the member state on whose behalf it issued the bond.
为了为一些成员国的赎回操作融资，欧洲央行将以自身名义发行债券，该债券完全由欧洲央行担保，但由该成员国负责足额偿付。在发行这一欧洲央行债券时，欧洲央行同时将为其代为发行债券的成员国开立借方账户。