However, after the turmoil in financial markets had spilled over into the overnight euro money market on the morning of 9 August 2007, it appeared that credit institutions developed a preference for fulfilling their reserve requirements relatively early in the maintenance period against the background of indications of decreasing turnover in longerterm money market segments.
Nel 2007 le operazioni sono state condotte mediante aste a tasso variabile con un tasso minimo di offerta, che è il tasso di riferimento della BCE.