In line with its statute, the Eurosystem provides credit only against adequate collateral. Typically, collateral refers to marketable financial securities, such as bonds, or other types of assets, such as non-marketable assets or cash. The term “eligible asset” is used for assets that are accepted as collateral by the Eurosystem.
The eligibility of assets is assessed by the national central banks according to the criteria specified in the Eurosystem legal framework for monetary policy instruments. This consists of the “General framework” and the “Temporary framework”. The Temporary framework complements, amends or overrules the General framework.
All marketable eligible assets are listed in the eligible asset database, which the ECB updates on a daily basis. The simplest way to check if an asset is eligible is to search the eligible asset database using various criteria. You can also use the tools available in the download area.
If you think an asset fulfils the Eurosystem eligibility criteria but cannot find it using the online database search functions or in the download area, please contact the relevant national central bank of the country in which the asset is admitted to trading.
For general questions on assets, please contact the relevant national central bank of the country in which the asset is admitted to trading.
A wide range of data on collateral used in the context of Eurosystem credit operations is publicly available.