Eligibility requirements for collateral

We provide monetary and intraday credit. Credit must always be covered by sufficient and adequate collateral in accordance with Eurosystem regulations. We manage the collateral pledged by counterparties in our monetary collateral pool, and are responsible for transaction processing and corporate actions. This may include collecting dividends and transferring the proceeds to the counterparty’s T2 payment account. We charge a custody fee and transaction costs for these services.

Only assets that meet the Eurosystem’s eligibility criteria may be used as collateral. This applies to collateral in the monetary pool. Additional eligibility criteria may apply to collateral in the second collateral pool.

A distinction is made between two categories of eligible collateral:

Tradable assets

These are assets traded on regulated markets such as bonds and securitisations.