ECB collateral framework
Michaela Hessmert
NORD/LB
Melanie Kiene
NORD/LB
Dr. Frederik Kunze
NORD/LB
01.2019
Dezember 2018
- Why is it necessary?
- Eligible assets and accepted collateralisation techniques
- General aspects of the Eurosystem credit assessment framework
- Eligibility criteria for all types of marketable assets
- Temporary admission of certain marketable debt instruments
- Specific features of covered bonds
- Eligibility of covered bonds outside the Eurosystem
- Changes applying to senior unsecured bonds
- Limits with respect to unsecured debt instruments issued by credit institutions Credit quality requirements for marketable securities
- Eligibility criteria for non-marketable assets
- Exclusion of assets
- Eurosystem Credit Assessment Framework for eligible assets
- Risk control and valuation framework of marketable and non-marketable assets Acceptance of non-euro-denominated collateral in contingencies
- Rules for the use of eligible assets
- Valuation haircuts
- Extract from ECBs general framework
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