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for Riskide leevendamine"></a><ul><li class="clearfix"><a href="/mopo/coll/risk/ecaf/html/index.et.html">Eurosüsteemi krediidihindamisraamistik</a></li><li class="clearfix"><a href="/mopo/coll/risk/riskcontrol/html/index.et.html">Riskikontroll</a></li><li class="clearfix"><a href="/mopo/coll/risk/liquidity/html/index.et.html">Väärtuskärpe liigid</a></li><li class="clearfix"><a href="/mopo/coll/risk/valuation/html/index.et.html">Väärtuse hindamine</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/loanlevel/html/index.et.html">Laenuandmete algatus</a><a href="#" class="subpages" title="toggle subpages for Laenuandmete algatus"></a><ul><li class="clearfix"><a href="/mopo/coll/loanlevel/transmission/html/index.et.html">Andmevormid</a></li><li class="clearfix"><a href="/mopo/coll/loanlevel/implementation/html/index.et.html">Kõlblikkusnõuded</a></li><li class="clearfix"><a href="/mopo/coll/loanlevel/faq/html/index.et.html">Korduma kippuvad küsimused</a></li></ul></li><li class="clearfix"><a href="/mopo/coll/contacts/html/index.et.html">Kontaktid</a></li></ul></li><li class="has-subpages"><a href="/mopo/eaec/html/index.et.html">Euroala majanduse struktuur</a><a href="#" class="subpages" title="toggle subpages for Euroala majanduse struktuur"></a><ul><li class="clearfix"><a href="/mopo/eaec/ecopolicy/html/index.et.html">Majanduspoliitika</a></li><li class="clearfix"><a href="/mopo/eaec/fiscal/html/index.et.html">Eelarvepoliitika</a></li><li class="clearfix"><a href="/mopo/eaec/trade/html/index.et.html">Väliskaubandus</a></li><li class="clearfix"><a href="/mopo/eaec/eer/html/index.et.html">Efektiivsed vahetuskursid</a></li><li class="clearfix"><a href="/mopo/eaec/structure/html/index.et.html">Finantsstruktuur</a></li><li class="clearfix"><a href="/mopo/eaec/markets/html/index.et.html">Finantsturud</a></li><li class="clearfix"><a href="/mopo/eaec/intermediaries/html/index.et.html">Finantsvahendajad</a></li><li class="clearfix"><a href="/mopo/eaec/diversity/html/index.et.html">Majanduslik mitmekesisus</a></li><li class="clearfix"><a href="/mopo/eaec/labour/html/index.et.html">Tööturg</a></li></ul></li><li class="has-subpages"><a href="/mopo/market-contact-groups/html/index.et.html">Turgude kontaktrühmad</a><a href="#" class="subpages" title="toggle subpages for Turgude kontaktrühmad"></a><ul><li class="clearfix"><a href="/mopo/market-contact-groups/bmcg/html/index.et.html">Võlakirjaturu kontaktrühm</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/mmcg/html/index.et.html">Rahaturu kontaktrühm</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/dimcg/html/index.et.html">Võlakirjade emiteerimise turu kontaktrühm (DIMCG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/omg/html/index.et.html">EKP operatsioonihaldurite rühm</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/fxcg/html/index.et.html">Välisvaluuta kontaktrühm</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/iid/html/index.et.html">Institutsiooniliste investorite vaheline dialoog</a></li></ul></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/paym/html/index.et.html">Maksed & finantsstabiilsus</a><a href="#" class="subpages" title="toggle subpages for Maksed & finantsstabiilsus"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Maksed ja finantsstabiilsus</div> <p>Ülevaade meie tööst finantsstabiilsuse ning makse- ja turuinfrastruktuuride valdkonnas</p><a href="/paym/html/index.en.html">Ülevaade maksete ja finantsstabiilsuse teemadest</a><hr> <div class="nav-title">Lingid</div> <ul> <li><a href="/euro/digital_euro/html/index.en.html">Digitaalne euro</a></li> <li><a href="/press/intro/html/index.en.html">Maksete valdkonna arengud ja sündmused</a></li> <li><a href="/paym/target/target-professional-use-documents-links/html/index.en.html">Dokumendid ja lingid TARGETi ekspertidele</a></li> </ul> </div><a href="/pub/financial-stability/fsr/html/index.en.html" class="item image"> <img src="/paym/financial-stability/html/index/fsr_1000x750.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">Värskeim finantsstabiilsuse ülevaade</div> <div class="image-date">16. mai 2024</div></a></div></div><ul><li class="clearfix"><span>Maksed</span></li><li class="has-subpages"><a href="/paym/target/html/index.et.html">TARGETi teenused</a><a href="#" class="subpages" title="toggle subpages for TARGETi teenused"></a><ul><li class="clearfix"><a href="/paym/target/coco/html/index.et.html">Ühised elemendid</a></li><li class="has-subpages"><a href="/paym/target/t2/html/index.et.html">T2</a><a href="#" class="subpages" title="toggle subpages for T2"></a><ul><li class="clearfix"><a href="/paym/target/t2/facts/html/index.et.html">Facts and figures</a></li><li class="clearfix"><a href="/paym/target/t2/governance/html/index.et.html">Juhtimine</a></li></ul></li><li class="has-subpages"><a href="/paym/target/t2s/html/index.et.html">T2S</a><a href="#" class="subpages" title="toggle subpages for T2S"></a><ul><li class="clearfix"><a href="/paym/target/t2s/governance/html/index.et.html">Juhtimine</a></li><li class="clearfix"><a href="/paym/target/t2s/facts/html/index.et.html">Faktid ja arvud</a></li><li class="clearfix"><a href="/paym/target/t2s/pricing/html/index.et.html">Hinnakujundus</a></li></ul></li><li class="has-subpages"><a href="/paym/target/tips/html/index.et.html">TARGETi välkmaksete arveldussüsteem (TIPS)</a><a href="#" class="subpages" title="toggle subpages for TARGETi välkmaksete arveldussüsteem (TIPS)"></a><ul><li class="clearfix"><a href="/paym/target/tips/crossborder/html/index.et.html">Cross-border payments</a></li><li class="clearfix"><a href="/paym/target/tips/governance/html/index.et.html">Juhtimine</a></li><li class="clearfix"><a href="/paym/target/tips/facts/html/index.et.html">Faktid ja arvud</a></li><li class="clearfix"><a href="/paym/target/tips/onboarding/html/index.et.html">Ühinemine</a></li></ul></li><li class="clearfix"><a href="/paym/target/ecms/html/index.et.html">Eurosüsteemi tagatiste haldamise süsteem</a></li><li class="has-subpages"><a href="/paym/target/target-professional-use-documents-links/html/index.et.html">TARGETi dokumendid ja lingid eksperdile</a><a href="#" class="subpages" title="toggle subpages for TARGETi dokumendid ja lingid eksperdile"></a><ul><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/coco/html/index.et.html">Ühised elemendid: dokumendid ja lingid</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/t2/html/index.et.html">T2 dokumendid ja lingid</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/t2s/html/index.et.html">T2S dokumendid ja lingid</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/tips/html/index.et.html">TIPS: dokumendid ja lingid</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/ecms/html/index.et.html">Ekspertidele</a></li></ul></li></ul></li><li class="has-subpages"><a href="/paym/integration/html/index.et.html">Lõimumine ja innovatsioon</a><a href="#" class="subpages" title="toggle subpages for Lõimumine ja innovatsioon"></a><ul><li class="has-subpages"><a href="/paym/integration/distributed/html/index.et.html">Hajusraamatu tehnoloogia</a><a href="#" class="subpages" title="toggle subpages for Hajusraamatu tehnoloogia"></a><ul><li class="clearfix"><a href="/paym/integration/distributed/exploratory/html/index.et.html">Uurimistegevus</a></li></ul></li><li class="has-subpages"><a href="/paym/integration/retail/html/index.et.html">Jaemaksed</a><a href="#" class="subpages" title="toggle subpages for Jaemaksed"></a><ul><li class="clearfix"><a href="/paym/integration/retail/retail_payments_strategy/html/index.et.html">Jaemakseteenuste strateegia</a></li><li class="clearfix"><a href="/paym/integration/retail/ecb/html/index.et.html">EKP kiirendav roll</a></li><li class="clearfix"><a href="/paym/integration/retail/sepa/html/index.et.html">Ühtne euromaksete piirkond (SEPA)</a></li><li class="clearfix"><a href="/paym/integration/retail/instant_payments/html/index.et.html">Välkmaksed</a></li></ul></li><li class="has-subpages"><a href="/paym/integration/collateral/html/index.et.html">Tagatiste haldamise ühtlustamine</a><a href="#" class="subpages" title="toggle subpages for Tagatiste haldamise ühtlustamine"></a><ul><li class="clearfix"><a href="/paym/integration/collateral/implementation/html/index.et.html">Rakendamine</a></li><li class="clearfix"><a href="/paym/integration/collateral/faq/html/index.et.html">Korduma kippuvad küsimused</a></li></ul></li></ul></li><li class="has-subpages"><a href="/paym/cyber-resilience/html/index.et.html">Kübervastupidavusvõime</a><a href="#" class="subpages" title="toggle subpages for Kübervastupidavusvõime"></a><ul><li class="clearfix"><a href="/paym/cyber-resilience/fmi/html/index.et.html">Finantsturutaristud</a></li><li class="clearfix"><a href="/paym/cyber-resilience/tiber-eu/html/index.et.html">ELi TIBER-raamistik</a></li></ul></li><li class="has-subpages"><a href="/paym/pol/html/index.et.html">Järelevaatamine</a><a href="#" class="subpages" title="toggle subpages for Järelevaatamine"></a><ul><li class="clearfix"><a href="/paym/pol/systems/html/index.et.html">Maksesüsteemid</a></li><li class="clearfix"><a href="/paym/pol/target2-securities/html/index.et.html">TARGET2-Securities</a></li><li class="clearfix"><a href="/paym/pol/instr/html/index.et.html">E-maksed</a></li><li class="clearfix"><a href="/paym/pol/clearing/html/index.et.html">Väärtpaberiarveldussüsteemid ja kesksed vastaspooled</a></li><li class="clearfix"><a href="/paym/pol/critical/html/index.et.html">Kriitilise tähtsusega teenusepakkujad</a></li><li class="clearfix"><a href="/paym/pol/correspondent-and-custodian-banks/html/index.et.html">Korrespondent- ja depoopangad</a></li><li class="clearfix"><a href="/paym/pol/forum/html/index.et.html">SecuRe Pay foorum</a></li></ul></li><li class="has-subpages"><a href="/paym/erms/html/index.et.html">Reservihaldusteenused</a><a href="#" class="subpages" title="toggle subpages for Reservihaldusteenused"></a><ul><li class="clearfix"><a href="/paym/erms/aspects/html/index.et.html">Põhiaspektid</a></li><li class="clearfix"><a href="/paym/erms/service/html/index.et.html">Teenused</a></li></ul></li><li class="has-subpages"><a href="/paym/cashprof/html/index.et.html">Sularahakäitlejad</a><a href="#" class="subpages" title="toggle subpages for Sularahakäitlejad"></a><ul><li class="has-subpages"><a href="/paym/cashprof/cashhand/html/index.et.html">Sularahakäitlus</a><a href="#" class="subpages" title="toggle 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href="/paym/groups/erpb/html/index.et.html">Eurojaemaksete nõukogu</a></li><li class="clearfix"><a href="/paym/groups/efip/html/index.et.html">Euroopa makseuuenduste foorum</a></li></ul></li><li class="clearfix"><span>Finantsstabiilsus</span></li><li class="clearfix"><a href="/paym/financial-stability/html/index.et.html">Ülevaade</a></li><li class="clearfix"><a href="/paym/macroprudential-measures/html/index.et.html">Makrotasandi usaldatavusmeetmed</a></li><li class="clearfix"><a href="/paym/financial_stability_contact_groups/html/index.et.html">Finantsstabiilsusega tegelevad kontaktrühmad</a></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/stats/html/index.et.html">Statistika</a><a href="#" class="subpages" title="toggle subpages for Statistika"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Statistika</div> <p>Juurdepääs EKP statistikale ja taustteabele</p><a href="/stats/html/index.en.html">EKP statistika ülevaade</a><hr> <div class="nav-title">Lingid</div> <ul> <li><a href="https://data.ecb.europa.eu/main-figures">Olulised näitajad</a></li> <li><a href="https://data.ecb.europa.eu/">EKP andmeportaal</a></li> <li><a href="/stats/ecb_statistics/accessing-our-data/html/index.en.html">Kõik andmeteenused</a></li> </ul> </div><a href="/press/blog/date/2024/html/ecb.blog20240418~2240ea1850.en.html" class="item image"> <img src="/press/blog/date/2024/html//ecb.blog20240418~2240ea1850/ecb.blog20240418~2240ea1850.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">EKP BLOGI – Tõhustatud andmed: kuidas mõjutavad kliimamuutused panku</div> <div class="image-date">18. aprill 2024</div></a></div></div><ul><li class="clearfix"><span>Enim vaadatud</span></li><li class="clearfix"><a href="/stats/euro-exchange-rates/html/index.et.html">Euro vahetuskursid</a></li><li class="clearfix"><a href="/stats/key-ecb-interest-rates/html/index.et.html">EKP baasintressimäärad</a></li><li class="has-subpages"><a href="/stats/euro-short-term-rates/html/index.et.html">Euro lühiajaline intressimäär (€STR)</a><a href="#" class="subpages" title="toggle subpages for Euro lühiajaline intressimäär (€STR)"></a><ul><li class="has-subpages"><a href="/stats/euro-short-term-rates/interest_rate_benchmarks/html/index.et.html">Viiteintressimäärad</a><a href="#" class="subpages" title="toggle subpages for Viiteintressimäärad"></a><ul><li class="clearfix"><a href="/stats/euro-short-term-rates/interest_rate_benchmarks/WG_euro_risk-free_rates/html/index.et.html">Euro riskivabade intressimäärade töörühm</a></li></ul></li></ul></li><li class="clearfix"><a href="/stats/inflation/html/index.et.html">Inflatsioon</a></li><li class="clearfix"><a href="/stats/euro-area-yield-curves/html/index.et.html">Euroala tulukõverad</a></li><li class="clearfix"><span>Kogu statistika ja taustteave</span></li><li class="clearfix"><a href="/stats/all-key-statistics/html/index.et.html">Kõik olulised statistikaandmed</a></li><li class="clearfix"><a href="/stats/accessing-our-data/html/index.et.html">Juurdepääs andmetele</a></li><li class="has-subpages"><a href="/stats/ecb_statistics/html/index.et.html">Põhiteemad</a><a href="#" class="subpages" title="toggle subpages for Põhiteemad"></a><ul><li class="clearfix"><a href="/stats/ecb_statistics/governance_and_quality_framework/html/index.et.html">Statistika haldamine ja kvaliteediraamistik</a></li><li class="clearfix"><a href="/stats/ecb_statistics/co-operation_and_standards/html/index.et.html">Koostöö ja standardid</a></li><li class="clearfix"><a href="/stats/ecb_statistics/reporting/html/index.et.html">Pankade aruandlus</a></li><li class="has-subpages"><a href="/stats/ecb_statistics/anacredit/html/index.et.html">AnaCredit</a><a href="#" class="subpages" title="toggle subpages for AnaCredit"></a><ul><li class="clearfix"><a href="/stats/ecb_statistics/anacredit/questions/html/index.et.html">AnaCredit: küsimused ja vastused</a></li></ul></li><li class="clearfix"><a href="/stats/ecb_statistics/consultations/html/index.et.html">Avalikud konsultatsioonid</a></li><li class="clearfix"><a href="/stats/ecb_statistics/dialogue/html/index.et.html">Pangandussektori dialoog EKPSi statistika ja integreeritud aruandluse küsimustes</a></li><li class="clearfix"><a href="/stats/ecb_statistics/sdmx/html/index.et.html">Statistiliste andmete vahetuse mudel (SDMX)</a></li><li class="clearfix"><a href="/stats/ecb_statistics/inexda/html/index.et.html">Granulaarsete andmete võrgustik (INEXDA)</a></li></ul></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/euro/html/index.et.html">Euro</a><a href="#" class="subpages" title="toggle subpages for Euro"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Euro</div> <p>Ühisvääringuga seotud teemad</p><a href="/euro/html/index.en.html">Ülevaade eurost</a><hr> <div class="nav-title">Lingid</div> <ul> <li><a href="/paym/cashprof/html/index.en.html">Sularahakäitlejad</a></li> <li><a href="/stats/policy_and_exchange_rates/banknotes+coins/html/index.en.html">Statistika pangatähtede ja müntide kohta</a></li> <li><a href="/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/index.en.html">Euro vahetuskursid</a></li> </ul> </div><a href="/stats/ecb_surveys/space/html/ecb.space2024~19d46f0f17.en.html" class="item image"> <img src="/euro/shared/img/cover.png" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">Euroala tarbijate maksealaste hoiakute uuring (2024)</div> <div class="image-date">19. detsember 2024</div></a></div></div><ul><li class="has-subpages"><a href="/euro/digital_euro/html/index.et.html">Digitaalne euro</a><a href="#" class="subpages" title="toggle subpages for Digitaalne euro"></a><ul><li class="has-subpages"><a href="/euro/digital_euro/features/html/index.et.html">Põhiomadused</a><a href="#" class="subpages" title="toggle subpages for Põhiomadused"></a><ul><li class="clearfix"><a href="/euro/digital_euro/features/privacy/html/index.et.html">Digital euro and privacy</a></li></ul></li><li class="clearfix"><a href="/euro/digital_euro/how-it-works/html/index.et.html">Kuidas digitaalne euro toimib</a></li><li class="clearfix"><a href="/euro/digital_euro/why-we-need-it/html/index.et.html">Miks on digitaalne euro vajalik?</a></li><li class="clearfix"><a href="/euro/digital_euro/progress/html/index.et.html">Ajakava ja kulg</a></li><li class="has-subpages"><a href="/euro/digital_euro/timeline/html/index.et.html">Projektist lähemalt</a><a href="#" class="subpages" title="toggle subpages for Projektist lähemalt"></a><ul><li class="clearfix"><a href="/euro/digital_euro/timeline/stakeholder/html/index.et.html">Juhtimine ja sidusrühmade kaasamine</a></li><li class="clearfix"><a href="/euro/digital_euro/timeline/profuse/html/index.et.html">Tehniline teave ja uurimistöö</a></li><li class="clearfix"><a href="/euro/digital_euro/timeline/rulebook/html/index.et.html">Projekti reeglistik</a></li></ul></li><li class="clearfix"><a href="/euro/digital_euro/faqs/html/index.et.html">Korduma kippuvad küsimused</a></li></ul></li><li class="clearfix"><span>Sularaha</span></li><li class="has-subpages"><a href="/euro/cash_strategy/html/index.et.html">Eurosüsteemi sularahastrateegia</a><a href="#" class="subpages" title="toggle subpages for Eurosüsteemi sularahastrateegia"></a><ul><li class="clearfix"><a href="/euro/cash_strategy/cash_role/html/index.et.html">Sularaha roll</a></li><li class="clearfix"><a href="/euro/cash_strategy/issuance/html/index.et.html">Emiteerimine ja ringlus</a></li><li class="clearfix"><a href="/euro/cash_strategy/acceptance-cash/html/index.et.html">Juurdepääs sularahale ja selle aktsepteerimine maksevahendina</a></li><li class="clearfix"><a href="/euro/cash_strategy/faqs/html/index.et.html">Korduma kippuvad küsimused</a></li></ul></li><li class="has-subpages"><a href="/euro/banknotes/html/index.et.html">Pangatähed</a><a href="#" class="subpages" title="toggle subpages for Pangatähed"></a><ul><li class="has-subpages"><a href="/euro/banknotes/future_banknotes/html/index.et.html">Uued pangatähed</a><a href="#" class="subpages" title="toggle subpages for Uued pangatähed"></a><ul><li class="clearfix"><a href="/euro/banknotes/future_banknotes/redesign/html/index.et.html">Kujunduse muutmise protsess</a></li></ul></li><li class="has-subpages"><a href="/euro/banknotes/current/html/index.et.html">Praegu ringluses olevad pangatähed</a><a href="#" class="subpages" title="toggle subpages for Praegu ringluses olevad pangatähed"></a><ul><li class="clearfix"><a href="/euro/banknotes/current/denominations/html/index.et.html">Nimiväärtused</a></li><li class="clearfix"><a href="/euro/banknotes/current/design/html/index.et.html">Kujunduselemendid</a></li><li class="clearfix"><a href="/euro/banknotes/current/security/html/index.et.html">Turvaelemendid</a></li></ul></li><li class="clearfix"><a href="/euro/banknotes/ac/html/index.et.html">Võltsimisvastane tegevus</a></li><li class="clearfix"><a href="/euro/banknotes/production/html/index.et.html">Pangatähtede tootmine ja varud</a></li><li class="clearfix"><a href="/euro/banknotes/damaged/html/index.et.html">Kahjustatud ja tindiplekkidega pangatähed</a></li><li class="has-subpages"><a href="/euro/banknotes/environmental/html/index.et.html">Keskkond, tervishoid ja ohutus</a><a href="#" class="subpages" title="toggle subpages for Keskkond, tervishoid ja ohutus"></a><ul><li class="clearfix"><a href="/euro/banknotes/environmental/pef/html/index.et.html">Toote keskkonnajalajälg</a></li></ul></li><li class="clearfix"><a href="/euro/banknotes/research/html/index.et.html">Teadus- ja arendustegevus</a></li><li class="clearfix"><a href="/euro/banknotes/images/html/index.et.html">Pangatähtede pildid ja reprodutseerimiseeskirjad</a></li><li class="clearfix"><a href="/euro/banknotes/info/html/index.et.html">Teabe- ja koolitusmaterjalid</a></li></ul></li><li class="has-subpages"><a href="/euro/coins/html/index.et.html">Mündid</a><a href="#" class="subpages" title="toggle subpages for Mündid"></a><ul><li class="clearfix"><a href="/euro/coins/2euro/html/index.et.html">2 €</a></li><li class="clearfix"><a href="/euro/coins/1euro/html/index.et.html">1 €</a></li><li class="clearfix"><a href="/euro/coins/50cents/html/index.et.html">50 senti</a></li><li class="clearfix"><a href="/euro/coins/20cents/html/index.et.html">20 senti</a></li><li class="clearfix"><a href="/euro/coins/10cents/html/index.et.html">10 senti</a></li><li class="clearfix"><a href="/euro/coins/5cents/html/index.et.html">5 senti</a></li><li class="clearfix"><a href="/euro/coins/2cents/html/index.et.html">2 senti</a></li><li class="clearfix"><a href="/euro/coins/1cent/html/index.et.html">1 sent</a></li><li class="clearfix"><a href="/euro/coins/common/html/index.et.html">Ühine külg</a></li><li class="clearfix"><a href="/euro/coins/comm/html/index.et.html">2-eurosed mälestusmündid</a></li><li class="clearfix"><a href="/euro/coins/security/html/index.et.html">Turvaelemendid</a></li><li class="clearfix"><a href="/euro/coins/collect/html/index.et.html">Meenemündid</a></li></ul></li><li class="has-subpages"><a href="/euro/changeover/html/index.et.html">Sularahale üleminek</a><a href="#" class="subpages" title="toggle subpages for Sularahale üleminek"></a><ul><li class="clearfix"><a href="/euro/changeover/croatia/html/index.et.html">Horvaatia (2023)</a></li><li class="clearfix"><a href="/euro/changeover/lithuania/html/index.et.html">Leedu (2015)</a></li><li class="clearfix"><a href="/euro/changeover/latvia/html/index.et.html">Läti (2014)</a></li><li class="clearfix"><a href="/euro/changeover/estonia/html/index.et.html">Eesti (2011)</a></li><li class="clearfix"><a href="/euro/changeover/slovakia/html/index.et.html">Slovakkia (2009)</a></li><li class="clearfix"><a href="/euro/changeover/cyprus/html/index.et.html">Küpros (2008)</a></li><li class="clearfix"><a href="/euro/changeover/malta/html/index.et.html">Malta (2008)</a></li><li class="clearfix"><a href="/euro/changeover/slovenia/html/index.et.html">Sloveenia (2007)</a></li><li class="clearfix"><a href="/euro/changeover/2002/html/index.et.html">Sularahale üleminek 2002. aastal</a></li></ul></li><li class="has-subpages"><a href="/euro/exchange/html/index.et.html">Liikmesriigi vääringu vahetamine euro vastu</a><a href="#" class="subpages" title="toggle subpages for Liikmesriigi vääringu vahetamine euro vastu"></a><ul><li class="clearfix"><a href="/euro/exchange/au/html/index.et.html">Austria</a></li><li class="clearfix"><a href="/euro/exchange/be/html/index.et.html">Belgia</a></li><li class="clearfix"><a href="/euro/exchange/hr/html/index.et.html">Horvaatia</a></li><li class="clearfix"><a href="/euro/exchange/cy/html/index.et.html">Küpros</a></li><li class="clearfix"><a href="/euro/exchange/et/html/index.et.html">Eesti</a></li><li class="clearfix"><a href="/euro/exchange/fi/html/index.et.html">Soome</a></li><li class="clearfix"><a href="/euro/exchange/fr/html/index.et.html">Prantsusmaa</a></li><li class="clearfix"><a href="/euro/exchange/de/html/index.et.html">Saksamaa</a></li><li class="clearfix"><a href="/euro/exchange/gr/html/index.et.html">Kreeka</a></li><li class="clearfix"><a href="/euro/exchange/ir/html/index.et.html">Iirimaa</a></li><li class="clearfix"><a href="/euro/exchange/it/html/index.et.html">Itaalia</a></li><li class="clearfix"><a href="/euro/exchange/lv/html/index.et.html">Läti</a></li><li class="clearfix"><a href="/euro/exchange/lt/html/index.et.html">Leedu</a></li><li class="clearfix"><a href="/euro/exchange/lu/html/index.et.html">Luksemburg</a></li><li class="clearfix"><a href="/euro/exchange/mt/html/index.et.html">Malta</a></li><li class="clearfix"><a href="/euro/exchange/nl/html/index.et.html">Madalmaad</a></li><li class="clearfix"><a href="/euro/exchange/pt/html/index.et.html">Portugal</a></li><li class="clearfix"><a href="/euro/exchange/slovakia/html/index.et.html">Slovakkia</a></li><li class="clearfix"><a href="/euro/exchange/sl/html/index.et.html">Sloveenia</a></li><li class="clearfix"><a href="/euro/exchange/es/html/index.et.html">Hispaania</a></li></ul></li><li class="clearfix"><a href="/euro/visually/html/index.et.html">Teave vaegnägijatele</a></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/pub/html/index.et.html">Uurimistegevus</a><a href="#" class="subpages" title="toggle subpages for Uurimistegevus"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Uurimistegevus</div> <p>Põhjalikud uuringud ja ekspertanalüüsid, mis hõlmavad erinevaid teemasid ja valdkondi</p> <a href="/pub/html/index.en.html">EKP uuringute ülevaade</a> <hr> <div class="nav-title">Lingid</div> <ul>  <li><a href="/press/conferences/html/index.en.html">Konverentsid ja seminarid</a></li> <li><a href="/pub/economic-research/programmes/html/index.en.html">Võimalused majandusuurijatele</a></li> </ul> </div><a href="/press/research-publications/resbull/html/index.en.html" class="item image"> <img src="/pub/html/index/research-bulletin_2560x800.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"> <div class="image-caption">Uuringute bülletäänid</div> </a></div></div><ul><li class="has-subpages"><a href="/pub/economic-research/html/index.et.html">Majandusuuringud</a><a href="#" class="subpages" title="toggle subpages for Majandusuuringud"></a><ul><li class="has-subpages"><a href="/pub/economic-research/research_agenda/html/index.et.html">Uuringute kava</a><a href="#" class="subpages" title="toggle subpages for Uuringute kava"></a><ul><li class="clearfix"><a href="/pub/economic-research/research_agenda/monetary_policy/html/index.et.html">Rahapoliitika, strateegia ja rakendamine</a></li><li class="clearfix"><a href="/pub/economic-research/research_agenda/fiscal_policy/html/index.et.html">Eelarvepoliitika ja juhtimine majandus- ja rahaliidus</a></li><li class="clearfix"><a href="/pub/economic-research/research_agenda/international/html/index.et.html">Rahvusvaheline makromajandus ja rahandus</a></li><li class="clearfix"><a href="/pub/economic-research/research_agenda/real_sector/html/index.et.html">Reaalsektor ja mikromajanduslik analüüs</a></li><li class="clearfix"><a href="/pub/economic-research/research_agenda/forecasting/html/index.et.html">Prognoosimine ja majandustsükli analüüs</a></li><li class="clearfix"><a href="/pub/economic-research/research_agenda/macro-finance/html/index.et.html">Makrotasandi rahandus, süsteemne risk ja makrotasandi usaldatavusjärelevalve poliitika</a></li><li class="clearfix"><a href="/pub/economic-research/research_agenda/financial_institutions/html/index.et.html">Finantsasutused, mikrotasandi usaldatavusjärelevalve poliitika, finantsturud ja maksed</a></li></ul></li><li class="has-subpages"><a href="/pub/economic-research/programmes/html/index.et.html">Võimalused majandusuurijatele</a><a href="#" class="subpages" title="toggle subpages for Võimalused majandusuurijatele"></a><ul><li class="clearfix"><a href="/pub/economic-research/programmes/duisenberg/html/index.et.html">Wim Duisenbergi stipendium</a></li><li class="clearfix"><a href="/pub/economic-research/programmes/visitors/html/index.et.html">Korralised külalisteadlased</a></li><li class="clearfix"><a href="/pub/economic-research/programmes/lamfalussy/html/index.et.html">Lamfalussy stipendium</a></li><li class="clearfix"><a href="/pub/economic-research/programmes/graduate/html/index.et.html">Suvine teadusuuringute programm</a></li><li class="clearfix"><a href="/pub/economic-research/programmes/traineeship/html/index.et.html">Üliõpilaste praktikavõimalused</a></li></ul></li></ul></li><li class="has-subpages"><a href="/pub/legal-research/html/index.et.html">Õigusalased uuringud</a><a href="#" class="subpages" title="toggle subpages for Õigusalased uuringud"></a><ul><li class="clearfix"><a href="/pub/legal-research/legal-conferences-and-seminars/html/index.et.html">Õigusalased konverentsid ja seminarid</a></li><li class="clearfix"><a href="/pub/legal-research/legal-research-programme/html/index.et.html">Õigusuuringute programm</a></li></ul></li><li class="has-subpages"><a href="/pub/research/html/index.et.html">Teadus- ja üldtoimetised</a><a href="#" class="subpages" title="toggle subpages for Teadus- ja üldtoimetised"></a><ul><li class="clearfix"><a href="/pub/research/authors/html/index.et.html">Autori järgi</a></li></ul></li><li class="clearfix"><a href="/pub/researchers/html/index.et.html">EKP majandusuurijad</a></li><li class="clearfix"><a href="/pub/research-networks/html/index.et.html">Teadusuuringute võrgustikud</a></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/press/html/index.et.html">Uudised & väljaanded</a><a href="#" class="subpages" title="toggle subpages for Uudised & väljaanded"></a><div class="nav-first-level-wrap -nav-in-first-column"><div class="nav-featured-wrap"><div class="nav-featured"> <div class="item"> <div class="title">Uudised ja väljaanded</div><a href="/press/pubbydate/html/index.en.html">Kõik uudised ja väljaanded</a><hr> </div> </div><ul><li><span>Uudised</span></li><li><a href="/press/pr/html/index.et.html">Pressiteated</a></li><li><a href="/press/stats/html/index.et.html">Statistikateemalised pressiteated</a></li><li><a href="/press/key/html/index.et.html">Kõned</a></li><li><a href="/press/inter/html/index.et.html">Intervjuud</a></li><li><a href="/press/blog/html/index.et.html">EKP blogi</a></li><li><a href="/press/tvservices/html/index.et.html">TV</a></li><li><a href="/press/intro/html/index.et.html">Maksete valdkonna arengud ja sündmused</a></li><li><a href="/press/contacts/html/index.et.html">Kontaktandmed</a></li></ul></div><ul><li class="clearfix"><span>Väljaanded</span></li><li class="has-subpages"><a href="/press/govcdec/html/index.et.html">EKP nõukogu otsused</a><a href="#" class="subpages" title="toggle subpages for EKP nõukogu otsused"></a><ul><li class="clearfix"><a href="/press/govcdec/mopo/html/index.et.html">Rahapoliitilised otsused</a></li><li class="clearfix"><a href="/press/govcdec/otherdec/html/index.et.html">Muud otsused</a></li></ul></li><li class="clearfix"><a href="/press/accounts/html/index.et.html">Rahapoliitikaistungite protokollid</a></li><li class="has-subpages"><a href="/press/economic-bulletin/html/index.et.html">EKP majandusülevaade</a><a href="#" class="subpages" title="toggle subpages for EKP majandusülevaade"></a><ul><li class="clearfix"><a href="/press/economic-bulletin/articles/html/index.et.html">Artiklid</a></li><li class="clearfix"><a href="/press/economic-bulletin/focus/html/index.et.html">Fookus</a></li><li class="clearfix"><a href="/press/economic-bulletin/mb/html/index.et.html">EKP kuubülletään</a></li></ul></li><li class="clearfix"><a href="/press/projections/html/index.et.html">Makromajanduslik ettevaade</a></li><li class="has-subpages"><a href="/press/annual-reports-financial-statements/html/index.et.html">Aasta- ja finantsaruanded</a><a href="#" class="subpages" title="toggle subpages for Aasta- ja finantsaruanded"></a><ul><li class="has-subpages"><a href="/press/annual-reports-financial-statements/annual/html/index.et.html">Aastaaruanne</a><a href="#" class="subpages" title="toggle subpages for Aastaaruanne"></a><ul><li class="clearfix"><a href="/press/annual-reports-financial-statements/annual/annual-accounts/html/index.et.html">Raamatupidamise aastaaruanne</a></li><li class="has-subpages"><a href="/press/annual-reports-financial-statements/annual/balance/html/index.et.html">Eurosüsteemi konsolideeritud bilanss</a><a href="#" class="subpages" title="toggle subpages for Eurosüsteemi konsolideeritud bilanss"></a><ul><li class="clearfix"><a href="/press/annual-reports-financial-statements/annual/balance/mpo/html/index.et.html">Rahapoliitilised operatsioonid</a></li></ul></li></ul></li><li class="has-subpages"><a href="/press/annual-reports-financial-statements/wfs/html/index.et.html">Iganädalased finantsaruanded</a><a href="#" class="subpages" title="toggle subpages for Iganädalased finantsaruanded"></a><ul><li class="clearfix"><a href="/press/annual-reports-financial-statements/wfs/dis/html/index.et.html">Struktureeritud andmed</a></li></ul></li></ul></li><li class="has-subpages"><a href="/press/financial-stability-publications/html/index.et.html">Finantsstabiilsuse valdkonna väljaanded</a><a href="#" class="subpages" title="toggle subpages for Finantsstabiilsuse valdkonna väljaanded"></a><ul><li class="has-subpages"><a href="/press/financial-stability-publications/fsr/html/index.et.html">Finantsstabiilsuse ülevaade</a><a href="#" class="subpages" title="toggle subpages for Finantsstabiilsuse ülevaade"></a><ul><li class="clearfix"><a href="/press/financial-stability-publications/fsr/special/html/index.et.html">Teemakäsitlused</a></li></ul></li><li class="clearfix"><a href="/press/financial-stability-publications/macroprudential-bulletin/html/index.et.html">EKP makrotasandi usaldatavusjärelevalve ülevaade</a></li></ul></li><li class="has-subpages"><a href="/press/research-publications/html/index.et.html">Väljaanded</a><a href="#" class="subpages" title="toggle subpages for Väljaanded"></a><ul><li class="clearfix"><a href="/press/research-publications/resbull/html/index.et.html">Uuringute bülletään</a></li><li class="clearfix"><a href="/press/research-publications/working-papers/html/index.et.html">Toimetised</a></li><li class="clearfix"><a href="/press/research-publications/discussion-papers/html/index.et.html">Aruteludokumendid</a></li><li class="clearfix"><a href="/press/research-publications/occasional-papers/html/index.et.html">Üldtoimetised</a></li><li class="clearfix"><a href="/press/research-publications/legal-working-papers/html/index.et.html">Õigusalased teadustoimetised</a></li><li class="clearfix"><a href="/press/research-publications/statistics-papers/html/index.et.html">Statistikatoimetised</a></li></ul></li><li class="has-subpages"><a href="/press/other-publications/html/index.et.html">Muud väljaanded</a><a href="#" class="subpages" title="toggle subpages for Muud väljaanded"></a><ul><li class="clearfix"><a href="/press/other-publications/mep-letters/html/index.et.html">Kirjad Euroopa Parlamendi liikmetele</a></li><li class="clearfix"><a href="/press/other-publications/convergence/html/index.et.html">Lähenemisaruanne</a></li><li class="clearfix"><a href="/press/other-publications/ire/html/index.et.html">Euro rahvusvaheline roll</a></li></ul></li><li class="clearfix"><span>Sündmused ja ajakavad</span></li><li class="has-subpages"><a href="/press/press_conference/html/index.et.html">Pressikonverents</a><a href="#" class="subpages" title="toggle subpages for Pressikonverents"></a><ul><li class="clearfix"><a href="/press/press_conference/monetary-policy-statement/html/index.et.html">Pressikonverentsid</a></li><li class="clearfix"><a href="/press/press_conference/visual-mps/html/index.et.html">Rahapoliitikaotsuste ülevaated</a></li></ul></li><li class="has-subpages"><a href="/press/conferences/html/index.et.html">Konverentsid ja seminarid</a><a href="#" class="subpages" title="toggle subpages for Konverentsid ja seminarid"></a><ul><li class="has-subpages"><a 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aria-label="Social media sharing and related content (if available)"> <div id="ecb-social-sharing" class="" tab-index="2"> <ul class="-links"> <li class="-print"><a href="javascript:window.print()" title="Print page"></a></li> </ul> <div class="-separator"></div> <ul class="-links"> <li class="-twitter"><a href="javascript:window.open('https://twitter.com/intent/tweet?url='+location.protocol + '//' + location.host + location.pathname+((document.location.search.search(/\?youtubeID=[a-zA-Z0-9_-]+$/)!=-1&&document.location.search)||''),'_blank','width=600,height=400,menubar=no')" title="Share on X"></a></li> <li class="-facebook"><a href="javascript:window.open('https://www.facebook.com/sharer/sharer.php?u='+location.protocol + '//' + location.host + location.pathname+((document.location.search.search(/\?youtubeID=[a-zA-Z0-9_-]+$/)!=-1&&document.location.search)||''),'_blank','width=600,height=400,menubar=no')" title="Share on Facebook"></a></li> <li class="-linkedin"><a href="javascript:window.open('https://www.linkedin.com/shareArticle?url='+location.protocol + '//' + location.host + location.pathname+((document.location.search.search(/\?youtubeID=[a-zA-Z0-9_-]+$/)!=-1&&document.location.search)||''),'_blank','width=600,height=400,menubar=no')" title="Share on LinkedIn"></a></li> <li class="-email"><a href="javascript:window.open('mailto:?subject=I would like to share this link with you&body=Link to the website of the European Central Bank: '+location.protocol + '//' + location.host + location.pathname+((document.location.search.search(/\?youtubeID=[a-zA-Z0-9_-]+$/)!=-1&&document.location.search)||''))" title="Share by Email"></a></li> </ul> </div> </aside> <main > <div class="toBeUpdated" id="language-not-available">Ei ole eesti keeles kättesaadav</div> <div class="title"> <h1>The correspondent central banking model (CCBM)</h1> </div> <div class="section"> <p> The correspondent central banking model (CCBM) was introduced by the Eurosystem together with the euro in January 1999. Its main purpose is to ensure that all marketable and non- marketable assets eligible for use in monetary policy operations or to obtain intraday credit in TARGET2 are made available to all Eurosystem counterparties, regardless of where the assets or the counterparty are situated. </p> <p> Links between securities settlement systems (SSSs) in various countries have been established for some time. Insofar as the ECB’s Governing Council has deemed such links eligible for use in Eurosystem credit operations, they represent a valid alternative to the CCBM. It is also possible for Eurosystem counterparties to use <a href="../../ssslinks/html/index.en.html" data-label="inglise keel">eligible links</a> in combination with the CCBM for the purposes of Eurosystem credit operations. Triparty collateral management services offered by <a href="../../triparty/html/index.en.html" data-label="inglise keel">eligible triparty agents (TPAs)</a> on a cross-border basis are supported via the CCBM, subject to the respective TPAs having been approved as eligible for use in Eurosystem credit operations. </p> <p> In the case of mobilising <strong>marketable assets</strong> via the CCBM, counterparties must make arrangements to mobilise these assets with one of the following: </p> <ul> <li> the issuer SSS (the SSS in which the securities have been issued) – Standard CCBM </li> <li> the investor SSS (the SSS in which the securities are held), provided that an eligible link exists between the issuer SSS and the investor SSS – CCBM with links </li> <li> the TPA of the triparty model being used – Triparty with CCBM (as of 29 September 2014) </li> </ul> <p> The collateral will then be made available to the central bank of the country where the respective SSS/TPA is located (i.e. the correspondent central bank - CCB), and it will hold the collateral on behalf of the central bank granting the credit (i.e. the home central bank - HCB). </p> <p> In the case of <strong>non-marketable assets</strong> , such as credit claims and non-marketable retail mortgage-backed debt instruments (RMBDs), which are not governed by domestic law, specific CCBM solutions have been implemented for their mobilisation. These specific assets can be used through the CCBM using a transfer/assignment/pledge or floating charge on behalf of and in the name of the home central bank. A specific variant has been implemented to allow the cross-border use of Irish Mortgage-Backed Promissory Notes (MBPNs). </p> <p>More information can be found here:</p> <ul class="-link-icons"> <li> <a href="/pub/pdf/other/ecb.ccbmprocedureseurosystemcounterparties202301~e037392864.en.pdf" data-label="inglise keel">Correspondent central banking model (CCBM) - procedures for Eurosystem counterparties</a> </li> <li> <a href="/pub/pdf/other/ecb.ccbminformationcounterpartiessummarylegalinstrumentsea202301~9c69d001c5.en.pdf" data-label="inglise keel">CCBM information for counterparties – summary of legal instruments used in the euro area</a> </li> </ul> <h2>CCBM market practices</h2> <p> In principle, the use of the CCBM does not require counterparties to adopt special procedures beyond arranging the transfer of the securities in a different country. But counterparties should be aware that market practices in other countries may be different to those in their own country. </p> <p> Different types of collateralisation techniques (repos, assignments, pledges and floating charges) and different methods of holding collateral (pooled and earmarked collateral systems) are used in the EU. Moreover, securities settlement systems (SSSs) in the EU have different operating procedures that the counterparty must take into account when transferring collateral held in a different country. </p> <p> See below for an overview of information related to the CCBM in each country. This information is not intended to be exhaustive, and should be read together with the publication </p> <ul class="-link-icons"> <li> <a href="/pub/pdf/other/ecb.ccbmprocedureseurosystemcounterparties202301~e037392864.en.pdf" data-label="inglise keel">Correspondent central banking model (CCBM) - procedures for Eurosystem counterparties</a> </li> </ul> <p> For further details, consult: </p> <ul> <li>the manual of procedures of local SSSs,</li> <li> information on national market practices as published by SWIFT, or </li> <li> the national central banks (NCBs) of the Eurosystem and the ESCB (as relevant). </li> </ul> </div> <div class="table"> <div class="wrapper"> <div class="table-content"><table id="t1671028916654"> <thead> <tr> <th colspan="2">Market practices by country</th> </tr> </thead> <tbody> <tr> <td><a href="/mopo/coll/coll/ncbpractices/html/austria.et.html" data-label="inglise keel">Austria </a></td> <td><a href="/mopo/coll/coll/ncbpractices/html/italy.et.html" data-label="inglise keel">Italy</a></td> </tr> <tr> <td><a href="/mopo/coll/coll/ncbpractices/html/belgium.et.html" data-label="inglise keel">Belgium </a></td> <td><a href="/mopo/coll/coll/ncbpractices/html/latvia.et.html" data-label="inglise keel">Latvia</a></td> </tr> <tr> <td><a href="/mopo/coll/coll/ncbpractices/html/croatia.et.html" data-label="inglise keel">Croatia</a></td> <td><a href="/mopo/coll/coll/ncbpractices/html/lithuania.et.html" data-label="inglise keel"> Lithuania</a></td> </tr> <tr> <td><a href="/mopo/coll/coll/ncbpractices/html/cyprus.et.html" data-label="inglise keel">Cyprus</a></td> <td><a href="/mopo/coll/coll/ncbpractices/html/luxembourg.et.html" data-label="inglise keel"> Luxembourg</a></td> </tr> <tr> <td><a href="/mopo/coll/coll/ncbpractices/html/estonia.et.html" data-label="inglise keel">Estonia </a></td> <td><a href="/mopo/coll/coll/ncbpractices/html/malta.et.html" data-label="inglise keel">Malta</a></td> </tr> <tr> <td><a href="/mopo/coll/coll/ncbpractices/html/finland.et.html" data-label="inglise keel">Finland </a></td> <td><a href="/mopo/coll/coll/ncbpractices/html/netherlands.et.html" data-label="inglise keel"> Netherlands</a></td> </tr> <tr> <td><a href="/mopo/coll/coll/ncbpractices/html/france.et.html" data-label="inglise keel">France</a></td> <td><a href="/mopo/coll/coll/ncbpractices/html/portugal.et.html" data-label="inglise keel"> Portugal</a></td> </tr> <tr> <td><a href="/mopo/coll/coll/ncbpractices/html/germany.et.html" data-label="inglise keel">Germany </a></td> <td><a href="/mopo/coll/coll/ncbpractices/html/slovakia.et.html" data-label="inglise keel"> Slovakia</a></td> </tr> <tr> <td><a href="/mopo/coll/coll/ncbpractices/html/greece.et.html" data-label="inglise keel">Greece</a></td> <td><a href="/mopo/coll/coll/ncbpractices/html/slovenia.et.html" data-label="inglise keel"> Slovenia</a></td> </tr> <tr> <td><a href="/mopo/coll/coll/ncbpractices/html/ireland.et.html" data-label="inglise keel">Ireland </a></td> <td><a href="/mopo/coll/coll/ncbpractices/html/spain.et.html" data-label="inglise keel">Spain</a></td> </tr> </tbody> </table></div> </div> </div> <div class="section"> <h2>Best practices</h2> <p> Custodian banks play an important role in the CCBM processing chain when delivering marketable assets to the CCB on behalf of the counterparty. </p> <p> The major European credit sector associations (the European Banking Federation, the European Savings Banks Group and the European Association of Co-operative Banks) have established "best practices" for custodian banks involved in CCBM transactions. They provide market participants with guidelines for optimising the efficiency of the CCBM. The guidelines include time benchmarks, clear input deadlines and communication channels. </p> <p> The following are best practices for market participants involved in CCBM operations as agreed by the European Banking Federation, the European Savings Banks Group and the European Association of Co-operative Banks: </p> <ul> <li> Custodians shall ensure that their customers are informed of their rules/procedures for CCBM-related instructions. These rules/procedures shall be based, to the largest extent possible, on the official local market practices. Customers must abide by these rules/procedures to ensure a swift and efficient processing of their instructions. </li> <li> Whenever possible, the processing of CCBM instructions should rely on automatic procedures. In this respect, electronic communication channels between custodians and their customers shall be used to the largest extent possible and instructions shall be based on ISO 15022 standards. </li> <li> Under normal circumstances and on a best effort basis, custodians shall submit their customers' CCBM-related instructions to the local SSS within 30 minutes of receipt provided that the instructions are complete and correct and that the customer has the securities to be delivered. </li> <li> The custodian's deadlines for same-day processing of its customers' CCBM–related instructions shall be 30 minutes before the deadline of the relevant local SSS (see the regularly updated <a href="/mopo/coll/coll/ncbpractices/html/index.et.html" data-label="inglise keel">CCBM market practices</a>). However, as good practice, customers are encouraged to submit their instructions well in advance of the custodian's deadline in order to avoid building up instruction queues and to provide the custodian with sufficient time to react to mistakes or unforeseen problems. </li> <li> Market participants shall ensure that information is readily available to their customers to enable them to monitor the status of their CCBM instructions. </li> <li> Custodians shall agree with their customers on the usage of the code “CNCB” – for Central Bank Collateral Management – as a way of identifying and prioritising (when necessary) CCBM-related instructions. This code, based on ISO 15022 standards, is present in field 22F, in the mandatory sequence E – Settlement Details, and indicates that the transaction relates to a CCBM collateral delivery to and receipt by an NCB. </li> <li> Given that the CNCB code allows custodians to recognise CCBM instructions as such, they shall inform their customers, on a best effort basis, of settlement problems within 15 minutes of their discovery. </li> </ul> <h2>Procedures for non-marketable assets</h2> <p> Eligible non-marketable assets for Eurosystem credit operations comprise of credit claims and Irish mortgage-backed promissory notes. Due to their specific characteristics, these assets cannot be transferred through an SSS hence distinct CCBM procedures have been set up for their use on a cross-border basis. </p> <h3>Credit claims</h3> <p> In the case of credit claims, when the jurisdiction of the law governing a credit claim and that of the NCB of the counterparty (i.e. the HCB) do not coincide, the credit claim can be mobilised via the NCB of the jurisdiction of the law governing the credit claim (which acts as the CCB) on the basis of a transfer, pledge, assignment or floating charges on behalf of and in the name of the HCB. </p> <p> Counterparties should follow the handling procedures and legal requirements as specified in the terms and conditions stipulated by each NCB acting as a CCB. </p> <p>For details, see</p> <ul class="-link-icons"> <li> <a href="/paym/pdf/collateral/CCBM_Handling_procedures.en.pdf" data-label="inglise keel">NCB’s handling procedures</a> </li> <li> <a href="/paym/pdf/collateral/Credit_claim_details_to_be_communicated_to_CCB.en.pdf" data-label="inglise keel">Summary of credit claims details to be communicated to the CCB</a> </li> </ul> <h3>Irish mortgage-backed promissory notes</h3> <p> A specific variant of the CCBM has been introduced for Irish mortgage-backed promissory notes. </p> <p>For details see the following publications: </p> <ul class="-link-icons"> <li> <a href="/pub/pdf/other/ecb.ccbmprocedureseurosystemcounterparties202301~e037392864.en.pdf" data-label="inglise keel">Correspondent central banking model (CCBM) - procedures for Eurosystem counterparties</a> </li> <li> <a href="/pub/pdf/other/ecb.ccbminformationcounterpartiessummarylegalinstrumentsea202301~9c69d001c5.en.pdf" data-label="inglise keel">CCBM information for counterparties – summary of legal instruments used in the euro area</a> </li> </ul> <h2>Pricing</h2> <p> Counterparties who make use of marketable and non-marketable assets as collateral in Eurosystem credit operations on a cross-border basis (excluding triparty services) via the CCBM must pay a transaction fee of €30 for each delivery of assets to their HCB. In addition, a combined custody and administration fee of 0.0069% per annum is charged on the nominal value of the assets held each month. </p> <p> When triparty services are being used via the CCBM, counterparties must pay a transaction fee of €30 for each processed instruction initiated by them, and a monthly service fee of €50 per TPA used. </p> <p> Taxes are not included in these fees. 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