Detailed information on the individual criteria for eligible assets may be found in part 4 of "Guideline (EU) 2015/510 of the European Central Bank of 19 December 2014 on the implementation of the Eurosystem monetary policy framework (ECB/2014/60)" (The document is to be found on the right-hand side.).
Our collateral contacts will also be pleased to assist you with any other questions you may have.
Selected eligibility criteria for marketable assets
|Type of asset||Euro-denominated senior debt instruments|
|Type of issuer/guarantor||Central banks, public sector, private sector, multilateral development banks or international organisations|
|Place of establishment of issuer (guarantor)||EEA or non-EEA G10 countries approved by the ECB (EEA)|
|Place of issue||EEA|
|Acceptable markets||Admission for trading on a regulated market or traded on a non-regulated market accepted by the ECB|
|Settlement procedure||Settlement in the euro area; centrally deposited in book-entry form at an organisation which fulfils the ECB's minimum requirements|
|Credit standards||Must be met by the asset and the issuer/guarantor respectively|
Selected eligibility criteria for non-marketable assets
|Type of asset||Euro-denominated credit claims and borrowers’ note loans|
|Type of debtor/guarantor||Public sector, non-financial corporations, multilateral development banks or international organisations|
|Place of establishment of debtor/guarantor||Euro area|
|Settlement procedure||Eurosystem procedures|
|Credit standards||Must be met by the debtor/guarantor of the credit claim, or by the RMBD|
|Governing law||Credit claim contract and agreement between the counterparty submitting the credit claim and the national central bank must both comply with the law of an euro-area member state|
|Minimum size for domestic use||For the time being set for each NCB (BBk: €10,000)|
|Minimum size for cross-border use||As a rule € 500,000 throughout the Eurosystem|
Deutsche Bundesbank's country-specific rules regarding the submission of credit claims
|Minimum size for domestic use||Handling fee||Settlement procedure|
Temporary eligibility criteria
Beside the general eligibility criteria for eligible collateral temporary measures were introduced as a consequence of the financial crisis of 2008 – an instrument which has also been used in the context of the European debt crisis. Part of these temporary measures are the acceptance of foreign currency denominated collateral (for now: USD, GBP, JPY) or the suspension of the minimum rating threshold for assets issued or guaranteed by a euro area Member State compliant with an EU/IMF-programme.