Arrangement according to which participants of the cash cycleRepresents the various stages of the lifecycle of cash, from issuance by the central bank, circulation in the economy, to destruction by the central bank. More (e.g. banks or CITs) may hold cashMoney in physical form such as banknotes and coins. More inventories at defined locations in the name of the central bank or receive financial compensation from the central bank. The mechanism reduces the costs of the inventories for the participating commercial entities. See e.g. Notes Held to Order (NHTO)System used in some countries in which the central bank delegates the safe-keeping and distribution of banknotes to private entities and offers some sort of financial compensation to incentivise the system. See Balance-Sheet-Relief-Mechanism. More.