{
  "url": "https://openlegislation.uk/eu-regulation-2008-1053/article-2",
  "json_url": "https://openlegislation.uk/eu-regulation-2008-1053/article-2.json",
  "legislation": "eur/2008/1053",
  "legislation_title": "Regulation (EC) No 1053/2008 of the European Central Bank of 23 October 2008 on temporary changes to the rules relating to eligibility of collateral (ECB/2008/11)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2008-1053",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Admission of collateral denominated in US dollars, pounds sterling or Japanese yen as eligible collateral",
  "text": "1. Marketable debt instruments as described in Section 6.2.1 of the General Documentation, if denominated in US dollars, pounds sterling or Japanese yen, shall constitute eligible collateral for the purposes of Eurosystem monetary policy operations, provided that: (i) they are issued and held/settled in the euro area; and (ii) the issuer is established in the European Economic Area.\n2. An additional haircut of 8 % shall be imposed by the Eurosystem on all such marketable debt instruments.",
  "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/eur/2008/1053/article/2",
    "retrieved_at": "2026-11-01T14:51:55.344236+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."
}