Nu este disponibil în limba română PRESS RELEASE Changes to collateral eligibility criteria for unsecured bank bonds 14 December New eligibility criteria for senior unsecured bank bonds were decided and are expected to come into effect in the first quarter of Currently eligible senior unsecured bank bonds that do not fulfil new eligibility criteria will remain eligible until 31 December Senior preferred unsecured bank bonds will remain eligible as collateral The European Central Bank ECB has decided on changes to the collateral eligibility criteria applicable to unsecured debt instruments issued by credit institutions or investment firms or their closely-linked entities.
These instruments are known as unsecured bank bonds UBBs.
UBBs that are subject to statutory, contractual or structural subordination e. UBBs issued by bank holding companies will become ineligible as collateral with effect from the entry into force of the upcoming regular update of the General Documentation expected in the first quarter of Senior preferred unsecured bank bonds i.
In addition, UBBs issued by credit institutions or investment firms or their closely linked entities established outside the EU will become ineligible with effect from the entry into force of the updated General Documentation. UBBs that are currently eligible as collateral but do not fulfil the new eligibility criteria will remain eligible until 31 December For media queries, please contact William Lelieveldt, tel.