03 Octobre 2013

BCE : ECB establishes new framework for assessment of securities settlement systems and links

Le 27 septembre 2013

ECB establishes new framework for assessment of securities settlement systems and links

Today the European Central Bank (ECB) has published a new "Framework for the assessment of securities settlement systems and links to determine their eligibility for use in Eurosystem credit operations".

The Eurosystem settles its credit operations based on adequate collateral using securities settlement systems (SSSs) and links between SSSs operated by central securities depositories (CSDs) and international central securities depositories (ICSDs). In order to ensure that Eurosystem credit operations are conducted according to procedures which i) prevent Eurosystem central banks from assuming inappropriate risks and ii) ensure the same level of safety for all credit operations conducted by Eurosystem central banks, regardless of the settlement method, the Eurosystem has been applying standards for the assessment of SSSs and links between SSSs (the user standards) since 1998. A positive assessment against these standards allows SSSs and links between SSSs to be considered eligible for use in Eurosystem credit operations.

http://www.ecb.europa.eu/press/pr/date/2013/html/pr130927_1.en.html


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