Collateral provision and eligible assets

All Eurosystem credit operations (i.e. liquidity-providing monetary policy transaction and intraday credit) have to be based on adequate (eligible) collateral.  

One of the primary duties of De Nederlandsche Bank (DNB) is to ensure the smooth operation of the payment systems in the Netherlands, which also includes the payment of securities transactions (at or outside the stock exchange).

De Nederlandsche Bankoffers a complete set of harmonised reserve management services developed by the Eurosystem to support the role of the euro as an international reserve currency. These provide non-euro central banks and international institutions with a single point of entry to the euro-area.

Assets used as collateral in Monetary Policy Operations of the European Central Bank (ECB) and for obtaining intraday credit have to fulfil certain eligibility criteria. These criteria have been set, on the one hand, to protect the Eurosystem from possible credit risk and, on the other hand, to ensure equal treatment of all banks. In addition, uniform eligibility criteria promote operational efficiency.

Assets can be delivered for use as collateral in three ways: via the (I)CSD, via direct links or via the Correspondent Central Banking Model (CCBM).