chapter 5: Operation and Maintenance of Application Controls.

Underlying transactions covered by the guarantee

Marketable assets mobilised in the transactions

shall not use the guarantee for purely arbitrage transactions.

100 % unconditional guarantee transactions denominated in US dollars

The Eurosystem accepts a wide range of assets to underlie its operations.

The Eurosystem accepts a wide range of assets to underlie its operations.

general procedure under which the guarantee is waived for internal Community transit operations

Policy on Transactions without Sovereign Guarantee

Standard agreements for collateralised operations, over-the-counter derivatives operations and deposits

only marketable assets (as specified in Chapter 6) are used as underlying assets in outright transactions.

Guarantees in connection with interbank operations of DEXIA.

chapter 5: Operation and Maintenance of Application Controls.

Documentary credits in which underlying shipment acts as collateral and other self‐liquidating transactions

Documentary credits in which underlying shipment acts as collateral and other self-liquidating transactions