Eurosystem counterparties may use eligible assets on a cross-border basis (see Section 6.6).

Eurosystem counterparties may use eligible assets on a cross-border basis (see Section 6.6).

All eligible marketable and non-marketable assets must be usable in a cross-border context throughout the euro area.

The correspondent central banking model (CCBM) will allow counterparties to use bank loans in a cross-border context.

A mechanism has been developed by the NCBs (and by the ECB) to ensure that all eligible assets issued/deposited in the euro area may be used on a cross-border basis.

Underlying assets must be usable on a cross-border basis throughout the euro area for the handling of all types of operations in which the Eurosystem provides liquidity against eligible assets.

The ERA will issue all authorisations for vehicles intended for cross-border operations and all safety certificates to railway companies running cross-border services.