Data on the use of eligible links
There are currently 59 links between securities settlement systems (SSSs) that are eligible for the settlement of cross-border collateral in Eurosystem credit operations. The table below lists all these links and provides data on the extent to which they are used in such credit operations. As the table shows, some of the links have not been used at all while others have been used relatively frequently.
List of Eligible links
| Investor SSS | Issuer SSS | Value of assets held by the Eurosystem[a] (end-of-month average in 2004) (in million euros) |
| Euroclear (Belgium) | NBB SSS (Belgium) | 0 |
| Euroclear (Belgium) | Clearstream (Luxembourg) | Not applicable[b] |
| Euroclear (Belgium) | Clearstream (Germany) | 3,023 |
| Euroclear (Belgium) | OeKB (Austria) | 346 |
| Euroclear (Belgium) | Euroclear Netherlands (the Netherlands) | 1,805 |
| Euroclear (Belgium) | Euroclear (France) | 1,648 |
| Euroclear (Belgium) | Monte Titoli (Italy) | 979 |
| Clearstream (Germany) | Euroclear (France) | 317 |
| Clearstream (Germany) | Euroclear Netherlands (the Netherlands) | 192 |
| Clearstream (Germany) | OeKB (Austria) | 173 |
| Clearstream (Germany) | APK (Finland) | 2 |
| Clearstream (Germany) | Clearstream (Luxembourg) | 12,704 |
| Clearstream (Germany) | CADE (Spain) | 13 |
| Clearstream (Germany) | Monte Titoli (Italy) | 0 |
| CADE (Spain) | Clearstream (Germany) | 0 |
| CADE (Spain) | Euroclear (France) | 178 |
| CADE (Spain) | Monte Titoli (Italy) | 3,668 |
| CADE (Spain) | Euroclear Netherlands (the Netherlands) | 0 |
| SCLV (Spain) | Monte Titoli (Italy) | 0 |
| SCLV (Spain) | Euroclear (France) | 0 |
| SCLV (Spain) | Euroclear Netherlands (The Netherlands) | 0 |
| Euroclear (France) | Clearstream (Germany) | 124 |
| Euroclear (France) | Euroclear Netherlands (the Netherlands) | 905 |
| Euroclear (France) | Monte Titoli (Italy) | 3,621 |
| Euroclear (France) | OeKB (Austria) | 52 |
| Euroclear (France) | NBB SSS (Belgium) | 7 |
| Euroclear (France) | CADE (Spain) | 125 |
| Euroclear (France) | APK (Finland) | 64 |
| Euroclear (France) | Clearstream (Luxembourg) | 564 |
| Euroclear (France) | SCLV (Spain) | 0 |
| Euroclear (France) | Euroclear (Belgium) | 0 |
| Monte Titoli (Italy) | Euroclear (Belgium) | 4 |
| Monte Titoli (Italy) | Clearstream (Germany) | 1,227 |
| Monte Titoli (Italy) | Euroclear (France) | 84 |
| Monte Titoli (Italy) | OeKB (Austria) | 0 |
| Monte Titoli (Italy) | SCLV (Spain) | 81 |
| Monte Titoli (Italy) | CADE (Spain) | 81 |
| Monte Titoli (Italy) | Euroclear Netherlands (the Netherlands) | 62 |
| Monte Titoli (Italy) | Clearstream (Luxembourg) | 3,077 |
| Clearstream (Luxembourg) | Euroclear (Belgium) | Not applicable[c] |
| Clearstream (Luxembourg) | Clearstream (Germany) | 13,426 |
| Clearstream (Luxembourg) | NBB SSS (Belgium) | 0 |
| Clearstream (Luxembourg) | OeKB (Austria) | 170 |
| Clearstream (Luxembourg) | Euroclear Netherlands (the Netherlands) | 1,009 |
| Clearstream (Luxembourg) | Monte Titoli (Italy) | 1,490 |
| Euroclear Netherlands (the Netherlands) | Euroclear (France) | 2,908 |
| Euroclear Netherlands (the Netherlands) | Clearstream (Germany) | 0 |
| Euroclear Netherlands (the Netherlands) | OeKB (Austria) | 0 |
| Euroclear Netherlands (the Netherlands) | CADE (Spain) | 0 |
| Euroclear Netherlands (the Netherlands) | Monte Titoli (Italy) | 0 |
| Euroclear Netherlands (the Netherlands) | SCLV (Spain) | 0 |
| OeKB (Austria) | Euroclear (Belgium) | 0 |
| OeKB (Austria) | Clearstream (Germany) | 3,529 |
| OeKB (Austria) | Euroclear (France) | 221 |
| OeKB (Austria) | Monte Titoli (Italy) | 0 |
| OeKB (Austria) | Euroclear Netherlands (the Netherlands) | 238 |
| OeKB (Austria) | Clearstream (Luxembourg) | 0 |
| APK (Finland) | Clearstream (Germany) | 0 |
| APK (Finland) | Euroclear (France) | 0 |
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[a] Value of collateral issued in the issuer SSS and held on an account of a member of the Eurosystem with the investor SSS. [b] Due to the special characteristics of the link from Euroclear (Belgium) to Clearstream (Luxembourg) and vice versa, the notion of “value of assets held by the Eurosystem” through that link is not applicable. [c] Due to the special characteristics of the link from Euroclear (Belgium) to Clearstream (Luxembourg) and vice versa, the notion of “value of assets held by the Eurosystem” through that link is not applicable. |
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