Credit claims, or bank loans, became fully recognised as collateral for transactions with central banks in the Eurosystem in January 2007 following their inclusion in the ‘Single List’. In the current climate an increased pool of collateral available to banks is a very topical subject, the demands for high-quality collateral are increasing with firms having to use  collateral to trade bilaterally in certain markets and with central banks. Credit claims have potential as possible collateral in secured lending transactions and represent an additional way of securing central bank and interbank transactions. The ERC has set up a working group to assess the feasibility of creating
a secondary market for credit claims.

For more information on ICMA’s work on credit claims as collateral please contact: 
Lisa Cleary


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