{
  "url": "https://openlegislation.uk/eu-decision-2020-187/article-4",
  "json_url": "https://openlegislation.uk/eu-decision-2020-187/article-4.json",
  "legislation": "eudn/2020/187",
  "legislation_title": "Decision (EU) 2020/187 of the European Central Bank of 3 February 2020 on the implementation of the third covered bond purchase programme (ECB/2020/8) (recast)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2020-187",
  "path": "article/4",
  "kind": "article",
  "number": "4",
  "heading": "Eligible counterparties",
  "text": "The following shall be eligible counterparties for outright transactions under the CBPP3 and for securities lending transactions involving covered bonds held in the CBPP3 Eurosystem portfolios:\n(a) entities that fulfil the eligibility criteria to participate in Eurosystem monetary policy operations pursuant to Article 55 of Guideline (EU) 2015/510 (ECB/2014/60);\n(b) any other counterparties that are used by Eurosystem central banks for the investment of their euro-denominated investment portfolios, including non-euro area counterparties active in the covered bonds markets.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2020/187/article/4",
    "retrieved_at": "2026-11-01T15:12:23.407567+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}