Valuation principles for underlying assets Cross border use of eligible assets

Cross border use of eligible assets Eurosystem counterparties may use eligible assets on a cross border basis , i.e. they may obtain funds from the national central bank of the Member State in which they are established by making use of assets located in another Member State .

Cross border use of eligible assets Eurosystem counterparties may use eligible assets on a cross border basis , i.e. they may obtain funds from the national central bank of the Member State in which they are established by making use of assets located in another Member State .

Exclusion The Eurosystem may exclude certain assets from use in its monetary policy operations .

Exclusion The Eurosystem may exclude certain assets from use in its monetary policy operations .

Exclusion The Eurosystem may exclude certain assets from use in its monetary policy operations .

Exclusion The Eurosystem may exclude certain assets from use in its monetary policy operations .

6.6 CROSS BORDER USE OF ELIGIBLE ASSETS Eurosystem counterparties may use eligible assets on a cross border basis , i.e. they may obtain funds from the national central bank of the Member State in which they are established by making use of assets located in another Member State . Underlying assets must be usable on a cross border basis throughout the euro area for the handling of all types of operations in which the Eurosystem provides liquidity against eligible assets .

Such means may involve the use of retention of ownership , assets

When the counterparties foresee a need to use the CCBM late in the day , they should , where possible , deliver the assets in advance ( i.e. pre deposit the assets ) .

Eurosystem counterparties may use eligible assets on a cross border basis , i.e. they may obtain funds from the NCB of the Member State in which they are established by making use of assets located in another Member State .

Eurosystem counterparties may use eligible assets on a cross border basis , i.e. they can obtain funds from the NCB of the Member State in which they are established by making use of assets located in another Member State .

Eurosystem counterparties may use eligible assets on a cross border basis , i.e. they can obtain funds from the NCB of the country in which they are established by making use of assets located in another euro area country .

However , through the CCBM , they can use marketable assets issued ( i.e. registered or deposited ) in other countries .

Finally , on the grounds of prudence , the Eurosystem may also reject assets , limit the use of assets or apply supple mentary haircuts to assets submitted as collateral in Eurosystem credit operations by specific counterparties .'

Eurosystem counterparties may use eligible assets on a cross border basis , i.e. they may obtain funds from the national central bank of the Member State in which they are established by making use of assets located in another Member State ( see Section 6.6 ) .

Eurosystem counterparties may use eligible assets on a cross border basis ( see Section 6.6 ) .

Rules for the use of eligible assets Marketable assets can be used for all monetary policy operations which are based on underlying assets , i.e. reverse and outright open market transactions and the marginal lending facility .

RULES FOR THE USE OF ELIGIBLE ASSETS Marketable assets can be used for all monetary policy operations which are based on underlying assets , i.e. reverse and outright open market transactions and the marginal lending facility .

other reserve assets ( a ) financial derivatives ( b ) loans to non bank non residents ( c ) other B. Other foreign currency assets ( a ) securities not included in official reserve assets ( b ) deposits not included in official reserve assets ( c ) loans not included in official reserve assets ( d ) financial derivatives not included in official reserve assets ( e ) gold not included in official reserve assets ( f ) other

3 ) For these assets , De Nederlandsche Bank ( account 92745 ) , makes use of its account at Euroclear Bank .

Transactions in financial assets 2A .

Transactions in loans ( assets ) 2A .

Specific procedures for cross border use have been developed for non marketable assets , i.e. credit claims and RMBDs .

Use of eligible assets deposited in country B by a counterparty established in country A in order to obtain credit from the national central bank of country A.

and only marketable assets ( as specified in Chapter 6 ) are used as underlying assets in outright transactions .

When the counterparties foresee a need to use the CCBM late in the day , they should , where possible , deliver the assets in advance ( i.e. pre deposit them ) .

It is noted , in particular , that both the US and the UK markets already allow the use of assets denominated in currencies other than their national currency .

Transactions in financial derivatives ( assets ) 2A .

Transactions in other financial assets 2A .

Transactions in financial assets ( consolidated ) 2A .

Non financial assets ( including fixed assets )

Specific procedures for cross border use have been developed for non marketable assets , i.e. credit claims and RMBDs ( 49 ) .

Counterparties that are branches of credit institutions located outside the EEA or Switzerland cannot use such assets as collateral .'

use eligible assets either through links with their domestic SSSs in the case of marketable assets or through other eligible arrangements to receive credit from the national central bank of the Member State in which the counterparty is established ( see Section 6.6 ) .

( ii ) these assets shall not be used on a cross border basis ( i.e. counterparties may use such assets only to receive funds directly from the national central bank which has been authorised by the ECB to grant intraday credit against these assets )

Other assets Tangible fixed assets Other financial assets Accruals and prepaid expenses Sundry

already seem to be familiar with the procedures of the CCBM , which allows for the use of all eligible assets

Counterparties that are branches of credit institutions located outside the EEA or Switzerland cannot use such assets as collateral . 58

Assets created under Fiscalis 2013 and Customs 2013 programmes are available for sharing and re use from other policy areas.

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