1.   The second liquidity need is the same liquidity need that individuals have-firms need to maintain some cash balances to meet unexpected emergencies.

2.   The discount rate is the lowest rate at which banks can borrow from the central bank to meet their short-term liquidity needs.

3.   The credit line will replace an existing syndicated loan and some bilateral lines, and the purpose is to cover group liquidity needs.

4.   The German banks cover about a third of their liquidity needs this way.