Structured Finance Guide - Eligibility Criteria for Asset Backed Repo Transactions with the European Central Bank, Spring 2009
15.01.2009
Many asset backed securities and other structured securities are used by investors as repo eligible assets for repo transactions with the ECB and national central banks, especially in the current market conditions. In many cases, arrangers and sponsors of issuing platforms are subscribing securities themselves and making them the subject of repurchase transactions with the ECB or national central banks.
There are a number of criteria that must be satisfied for an underlying asset to be considered eligible for repo transactions and that should be considered when deciding on the jurisdiction of an SPV and the listing of asset backed deals.
