#Xclean vs excess manual#
#Xclean vs excess professional#

Until the financial crisis started, the ECB satisfied the liquidity needs of the euro area banking system more or less exactly. Why does the ECB allow an excess of liquidity to exist? And this subsidiary also has an account with the national central bank. The euros stay in the account of the European subsidiary of the US bank. The US dollars can then be used to invest in US corporate bonds.

For this, the investor needs to sell his or her euros in exchange for US dollars, possibly at the euro area subsidiary of a US bank. If an investor from the euro area wants to invest in US corporate bonds, for instance, the money first needs to be converted into US dollars. The liquidity cannot even leave the euro area, unless physically in the form of banknotes. It is a self-contained or, in other words, closed system.

An individual bank can reduce its excess liquidity, for example by lending to other banks, purchasing assets or transferring funds on behalf of its clients, but the banking system as a whole cannot: the liquidity always ends up with another bank and thus in an account at the central bank. In other words, excess liquidity by definition stays with the central bank. All (excess) liquidity is held either in these central bank current accounts or in the deposit facility. What can banks do with excess liquidity?Ĭommercial banks have current accounts with central banks. All liquidity available in the banking system that exceeds the needs of banks is called excess liquidity. One place that solvent banks can turn to for such short-term liquidity is the central bank. Banks also need liquidity to fulfil minimum reserve requirements. Healthy banks may hold long-term assets, such as house mortgages, but face very short-term calls to pay out on liabilities – money out of ATMs, for example. Let’s first look at what we mean by liquidity and the role of the central bank in providing it. This is called excess liquidity.īut what exactly is excess liquidity? What can banks do with it? Is it just idly lying around doing nothing for the economy and for citizens, as is sometimes claimed? What exactly is excess liquidity? As a result, there is more money – or liquidity – in the banking system as a whole than is strictly needed. In addition, it has been buying bonds from market participants.

The information gathered is only from the website listings of the respective brands.The ECB, together with the national central banks of countries in the euro area (the Eurosystem) has been lending unlimited amounts of money to banks in response to the financial crisis. P.S: I am not sure of the official list of Liqui Moly oils sold in India.

#Xclean vs excess professional#

Please feel free to correct them.įor Diesel Cars requiring upto VW 505 01 specġ) Castrol Magnatec Professional OE 5W40 (used in VW/Skoda ASC for all the cars from Fabia to Passat)ģ) Liquimoly Top Tec 4100 5W-40 (not sure of availability in India)įor Petrol Cars requiring upto VW 502 00 Spec( includes 1.2 /1.6MPI, 1.2/1.4/1.8TSI, 3.6 FSI - fixed replacement intervals )ħ) Castrol Edge Titanium 0W40 (better cold start)Ĩ) Mobil1 0W-40 fully synthetic (better cold start)ĩ) Motul 8100 'X-max' 0W40 (better cold start)įor higher spec of VW 504 00 (petrol) and VW 507 00 (diesel) Mobil 5W-50 meets the older 501.00 & 505.00 specs.Ĭastrol Edge 5W-40 meets VW 502.00, 505.00 specs & I don’t see why you should change unless you have a specific preference for Mobil.Ī list of VW approved oils that are currently listed for sale in India. There are two kinds of service intervals for the 2.0 TDI engine long life service and inspection/fixed interval service.įor long life service the specs are VW 506.01/507.00.įor inspection service/fixed life service which I believe is 15,000 kms or one year the oil should meet either of the four VW 501.01/506.01/505.00/507.00 specs.Īs for the oil in your possession there is nothing like Mobil 0W-50, either there’s Mobil 0W-40 or Mobil 5W-50.

#Xclean vs excess manual#

Please read your owners’ manual carefully. What are the implications if any of this change?Īlso I have a sealed container of Mobil1 0W50 manufactured in 2014. They have changed the oil used from the earlier Mobil 0W 40 to Castrol 5W 40.Īs a reply to my email they have said that both are approved by Audi. I have recently got my Car serviced at the AUDI service centre in Bangalore.