Collateral

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Eligibility criteria	Marketable assets
Type of asset	ECB debt certificates Other marketable debt instruments: e.g. debt instruments of central, regional or local government, central banks, multilateral development banks and international organisations; covered bonds; debt instruments of credit institutions, other financial corporations and firms; asset-backed securities
Credit quality standards	The asset is required to meet credit quality requirements in accordance with the Eurosystem credit assessment framework rules
Place of issue	European Economic Area (EEA)
Settlement and handling procedures	Place of settlement: Euro area Instruments must be transferable in book-entry form and held or settled through an account with a national central bank or with a securities settlement system considered eligible by the Eurosystem
Type of issuer/guarantor	Central banks, public sector entities, private sector entities, multilateral development banks and international organisations
Place of establishment of the issuer/guarantor	Issuer: EEA or non-EEA G10 countries Guarantor: EEA
Acceptable markets	Regulated markets Non-regulated markets accepted by the Eurosystem
Currency of denomination*	Euro
Cross-border use	Yes

Eligibility criteria	Non-marketable assets
Type of asset	Credit claims
Credit quality requirements	The debtor and the guarantor are required to meet the Eurosystem's credit quality requirements specified in the Eurosystem credit assessment framework rules.
Handling procedures	Must be handled in accordance with the Eurosystem procedures.
Type of issuer/guarantor	- Public sector entities - Non-financial corporations - Multilateral development banks and international organisations
Place of establishment of the issuer/guarantor	Euro area
Currency of denomination	Euro
Minimum size of credit claims	Minimum value at the time of submission as collateral: - €20,000 (domestic use) - €500,000 (cross-border use)
Legislation governing credit claims	The credit claim agreement must be governed by the law of a Member State whose currency is the euro. There must be no more than two governing laws in total that apply to the: (i) counterparty; (ii) creditor; (iii) debtor; (iv) guarantor (if relevant); (v) credit claim agreement; (vi) the agreement between the Banco de Portugal and the counterparty mobilising the credit claim as collateral
Cross-border use	Yes