Stats › Intraday et microstructure de marché › Collateral haircuts
Two Official Journal texts give different Eurosystem collateral haircuts, and the consolidated version could not be opened
| Haircut line | As first published, 2016 | As replaced later in 2016 |
|---|---|---|
| Category IV, credit quality steps 1 to 2, under one year residual maturity | 6.5 per cent | 7.5 per cent |
| Category IV, credit quality step 3, ten years and over | 37.5 and 44.0 per cent | 31.5 and 38.0 per cent |
| Credit claims, step 3, ten years and over, outstanding amount basis | 65.0 per cent | 63.0 per cent |
The first column is the annex to Guideline (EU) 2016/65 as published in Official Journal L 14 of 21 January 2016. The second is the same annex as replaced by Article 1(6) of Guideline (EU) 2016/2299, Official Journal L 344 of 17 December 2016. Both were read in full. Neither is reconciled here, and no consolidated text could be opened to decide which now applies.
The haircuts a central bank applies to pledged collateral run from a fraction of a per cent to 44 per cent. Two published versions of the schedule disagree with each other, and the consolidated guideline that would settle it was not retrievable.
Réservé aux membres
La suite de cette page est réservée aux membres
Below this point there are 4 sections and 5 named sources, roughly 500 words of it. Every figure carries the source it came from and the date the data is from.
Vous pouvez continuer à parcourir gratuitement toutes les statistiques de la bibliothèque. L'introduction et le résumé sont toujours accessibles.