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Eligibility criteria

Eligibility criteria

09.03.2016

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 assetEuro-denominated senior debt instruments
Type of issuer/guarantorCentral 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 issueEEA
Acceptable marketsAdmission for trading on a regulated market or traded on a non-regulated market accepted by the ECB
Settlement procedureSettlement in the euro area; centrally deposited in book-entry form at an organisation which fulfils the ECB's minimum requirements
Credit standardsMust be met by the asset and the issuer/guarantor respectively

 

Selected eligibility criteria for non-marketable assets

Type of assetEuro-denominated credit claims and borrowers’ note loans
Type of debtor/guarantorPublic sector, non-financial corporations, multilateral development banks or international organisations
Place of establishment of debtor/guarantorEuro area
Settlement procedureEurosystem procedures
Credit standardsMust be met by the debtor/guarantor of the credit claim, or by the RMBD
Governing lawCredit 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 useFor the time being set for each NCB (BBk: €10,000)
Minimum size for cross-border useAs a rule € 500,000 throughout the Eurosystem

Deutsche Bundesbank's country-specific rules regarding the submission of credit claims

Minimum size for domestic useHandling feeSettlement procedure
€ 10.000NoneKEV

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.

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