ECB collateral framework

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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