ECB offers flexibility on collateral

09/10/2013 | Reuters

The European Central Bank says it will in some circumstances accept as collateral certain forms of asset-backed securities that do not qualify as residential mortgage-backed securities or small- and midsize-enterprise ABS. "As of Oct. 16, 2013, the Eurosystem may temporarily accept non-compliant RMBSs and SME ABSs as eligible collateral, on a case-by-case basis and subject to the provision of adequate explanations for the failure to achieve the mandatory score," according to the ECB.

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