ECB Eligibility: Snapshot guide to key criteria for vanilla DCM products (marketable assets)

27 March 2026

Some ECB collateral changes take effect from 30 March 2026, notably for "temporary" currencies and for dematerialised bonds. We have therefore refreshed our "snapshot" guide.

The guide outlines key criteria to consider when assessing potential eligibility of bonds as ECB collateral. We highlight both the ECB’s "General Framework” criteria and “Temporary Framework” measures, some useful links, and the list of non-regulated markets accepted by the ECB.

Accordingly, our guide will help you to navigate common and topical practical questions.

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