ABS Down As Preferred ECB Repo Asset

26 Apr 2010

The use of asset-backed securities as collateral in the European Central Bank’s repurchase facility decreased in 2009, knocking the instrument off the top of the preferred asset list.

-- Daniel O’Leary

The use of asset-backed securities as collateral in the European Central Bank’s repurchase facility decreased in 2009, knocking the instrument off the top of the preferred asset list. According to the ECB’s annual report released late last week, ABS accounted for 23% of the facility in ...

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