Cross-border collateral in Eurosystem credit operations
This section sets out assets used as collateral for Eurosystem credit operations outside of the country of issue.
- Total collateral held in custody by the Eurosystem
- Collateral mobilised via the CCBM and eligible links, by country of issue
- Collateral mobilised via the CCBM and eligible links, by lending country
- Evolution of collateral mobilised via the CCBM and eligible links
Cross-border collateral can be used for monetary policy operations or to obtain liquidity in TARGET. It can be mobilised via the Correspondent Central Banking Model (CCBM) and eligible links.
In the CCBM, the Correspondent Central Bank (CCB) provides custody services to the Home Central Bank (HCB), who provides the credit.
Links are created when the investor Securities Settlement System (SSS) opens an omnibus account for its clients in the issuer SSS. Links must comply with the ESCB standards and be assessed as eligible. For a list of eligible links.