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The Bundesbank's tasks concerning collateral

The Deutsche Bundesbank checks on a daily basis the eligibility of all of the securities admitted for trading or traded in Germany and reports eligible securities to the ECB. Every business day (from around 18.00), the ECB publishes the list of eligible marketable assets (Eligible Assets Database (EADB)).

The Deutsche Bundesbank operates its own credit assessment system to assess the credit standing of debtors of non-marketable assets. Counterparties can use this to determine the eligibility of enterprises and debtors. Non-financial enterprises may have themselves assessed under this system, after which they receive a detailed financial analysis in the form of a fact sheet. A detailed description of the Bundesbank’s in-house credit assessment system is provided in the brochure "How the Deutsche Bundesbank assesses the credit standing of enterprises in the context of the Eurosystem's monetary policy", and a summary is given in the brief overview entitled "The Deutsche Bundesbank's procedure for analysing credit standing". The procedure for assessing groups which report under IFRS is presented in a separate leaflet "How the Deutsche Bundesbank assesses the credit standing of groups which report under International Financial Reporting Standards (IFRS).

Other Bundesbank tasks relating to eligible assets include co-designing the single framework, collateral management (for example, managing the counterparties’ collateral accounts, technical development and operation of collateral management systems, reporting eligible assets to the ECB), analysing the refinancing behaviour and collateral usage of monetary policy counterparties or providing central valuation services for certain debt instruments in the Eurosystem.

Please do not hesitate to address our collateral contacts if you require any further information.

Downloads

The brochure "How the Deutsche Bundesbank assesses the credit standing of enterprises in the context of the Eurosystem’s monetary policy" is not available at the moment.