# 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), Article 4: Admission of debt instruments issued by credit institutions, which are traded on certain non-regulated markets as eligible collateral

Extent: E+W+S+N.I.

1. Debt instruments issued by credit institutions, which are traded on certain non-regulated markets, as specified by the ECB shall constitute eligible collateral for the purposes of Eurosystem monetary policy operations.
2. An additional haircut of 5 % shall be imposed by the Eurosystem on all such debt instruments.

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Source: https://www.legislation.gov.uk/eur/2008/1053/article/4 (the official version)
Page: https://openlegislation.uk/eu-regulation-2008-1053/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.