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 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 |
| € 10.000 | None | KEV |
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.