translate English to French: However, the are based on underlying assets provided by the number of counterparties actually participating counterparties. in open market operations is normally much lower than the number of eligible In order to protect the Eurosystem from counterparties.
´ En raison des disparites de structures ﬁnan´ ` cieres existant entre les Etats membres, une ´ distinction est etablie, essentiellement pour ` ` des raisons internes a l’Eurosysteme, entre ´ ´ ´ deux categories d’actifs eligibles aux opera´ ´ tions de politique monetaire.