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Eligible assets

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Assets used in the Eurosystem’s  monetary policy transactions and for payment system purposes must meet the Eurosystem's eligibility criteria.

Why eligibility criteria?

Eligibility criteria serve to protect the Eurosystem against potential defaults and to safeguard the equal treatment of all counterparties throughout the euro area. Also, uniform eligibility criteria make the Eurosystem's operations more effective.

Single list of collateral

The Eurosystem uses a single list of collateral. Only assets that meet the Eurosystem's criteria are eligible as collateral for monetary policy transactions and intraday credit. The list contains both marketable and non-marketable assets. The list of eligible marketable assets can be found on the ECB website. Non-marketable assets that meet the eligibility criteria are not published on the ECB website

The Eurosystem reserves the right to exclude individual assets. In addition, procedures are in place to ensure that the collateral list remains up to date, accurate, and consistent.

Credit claims

Specific non-marketable assets, such as credit claims, are eligible throughout the Eurosystem. The "basket" of non-marketable eligible assets includes private loans granted by the State of the Netherlands, as well as other private loans, such as those granted to provinces, municipalities and water boards, and private loans granted to housing associations subject to a guarantee issued by the Social Housing Guarantee Fund (WSW).