CINXE.COM

<!DOCTYPE html> <html lang="sk"> <head> <meta charset="utf-8"> <link rel="preload" href="/shared/dist/fonts/opensans_fixed/OpenSans-Regular.woff2" as="font" crossorigin> <link rel="preload" href="/shared/dist/fonts/opensans_fixed/OpenSans-SemiBold.woff2" as="font" crossorigin> <link rel="preload" href="/shared/dist/fonts/opensans_fixed/OpenSans-Bold.woff2" as="font" crossorigin> <link rel="preload" href="/shared/dist/fonts/ecb-iconset/ECB-icon-set.woff2" as="font" crossorigin> <link rel="icon" href="/fav.ico" sizes="16x16"> <link rel="icon" href="/favicon-16.png" sizes="16x16"> <link rel="icon" href="/favicon-32.png" sizes="32x32"> <link rel="icon" href="/favicon-64.png" sizes="64x64"> <link rel="icon" href="/favicon-128.png" sizes="128x128"> <link rel="icon" href="/favicon-192.png" sizes="192x192"> <link rel="icon" href="/favicon-256.png" sizes="256x256"> <link rel="shortcut icon" href="/favicon-196.png" sizes="196x196"> <link rel="apple-touch-icon" href="/favicon-152.png" sizes="152x152"> <link rel="apple-touch-icon" href="/favicon-180.png" sizes="180x180"> <title>FAQs - collateral management harmonisation</title> <meta name = "citation_title" content="FAQs - collateral management harmonisation"> <meta name = "citation_online_date" content="11 January 2023"> <meta property="article:published_time" content="2023-01-11"> <link rel="canonical" href="https://www.ecb.europa.eu/paym/integration/collateral/faq/html/index.en.html"> <meta name="author" content="European Central Bank"> <meta name="description" content="Európska centrálna banka (ECB) je centrálnou bankou krajín Európskej únie, ktoré prijali euro. Našou hlavnou úlohou je udržiavať cenovú stabilitu v eurozóne a zachovávať tak kúpnu silu jednotnej meny."> <meta name="viewport" content="width=device-width, initial-scale=1.0, viewport-fit=cover"> <script> var ECB = {}; ECB.currentLanguage = 'sk'; ECB.isoLocalLanguageName = 'Slovenčina'; ECB.isLive = true; ECB.version = '2990411'; ECB.navigationVersion = '1740672481'; ECB.clientTimeError = 1740870435 - (new Date().getTime()); ECB.availableLanguages = [{"en": "English"}]; </script> <link rel="stylesheet" href="/shared/dist/css/main-ecb.min.css?2990411" media="all"> <meta name="twitter:card" content="summary"> <meta name="twitter:site" content="@ecb"> <meta name="explainerDate" content="1. januára 1970"> <meta property="og:type" content="article"> <meta property="og:type" content="website"> <meta property="og:title" content="FAQs - collateral management harmonisation"> <meta property="og:url" content="https://www.ecb.europa.eu/paym/integration/collateral/faq/html/index.sk.html"> <meta property="og:image:secure_url" content="https://www.ecb.europa.eu/paym/integration/collateral/faq/html"> <meta property="og:image" content="https://www.ecb.europa.eu/paym/integration/collateral/faq/html" > <meta property="og:image:width" content="1200"> <meta property="og:image:height" content="600"> <meta property="og:site_name" content="European Central Bank"> <noscript> <style> .accordion .content-box { display: block; } </style> </noscript> <script type="text/javascript"> /*! ecb - v2.0.0 - European Central Bank */ var ECB=window.ECB||{};ECB.fast=ECB.fast||{},ECB.slow=ECB.slow||{},ECB.supports=ECB.supports||{},ECB.fast.annexSwap=function(){var t,e,n=document.querySelector(".section-press .address-box + .definition-list");n&&(t=(e=(t=(e=(t=n.previousElementSibling).previousElementSibling)&&e.classList.contains("related-topics")?e:t).previousElementSibling)&&e.classList.contains("footnotes")?e:t).parentNode.insertBefore(n,t)},ECB.fast.attribution=function(n){var t=n.style.backgroundImage||n.src;t=(t=t.replace('url("',"")).replace('")',""),n.src&&(n=n.closest("picture"));t&&!function(t){t=t.replace('url("',"");var e=document.location.protocol+"//"+document.location.hostname;return(-1!==t.indexOf("http")||-1!==t.indexOf('url("//'))&&!t.startsWith(e)}(t)&&ECB.fast.exif.getArtist(t,function(t){var e;0<t.length&&!n.classList.contains("-attribution")&&(n.classList.add("-attribution"),n.insertAdjacentHTML("beforeend",'<span class="attribution"><span class="attribution-details">'+(t.startsWith("©")?"":"© ")+t+'</span> <button aria-label="Photographer"></button></span>'),(e=n.querySelector(".attribution button")).addEventListener("click",function(t){return e.parentElement.classList.toggle("-active"),t.preventDefault(),t.stopPropagation(),!1}))})},ECB.fast.authorMove=function(){let t=document.getElementById("side-authors");var e;t&&(e=Array.from(document.querySelectorAll("aside > *")).reduce(function(t,e){return t+e.clientHeight},0),t.style.marginTop=Math.max(110,e)+50+"px")},ECB.fast.connector=function(t){function e(t){t.classList.contains("-gradient-upper")&&(i="-gradient-upper"),t.classList.contains("-dark-grey")&&(o="-dark-grey"),t.classList.contains("-light-grey-blue")&&(i="-transparent-light-grey",o="-transparent-blue");var e="<div class='upper-connection "+i+"'></div> <div class='lower-connection "+o+"'></div>";t.insertAdjacentHTML("afterend",e)}function a(t,e){return t.classList.contains(e)}function n(t,e){for(var n=0;n<e.length;n++)if(a(t,e[n]))return 1}var r=(t=t||document).querySelectorAll(".connector"),i="-transparent-blue",o="-light-blue";if(0<r.length)e(r[r.length-1]);else{var s=Array.from(t.querySelectorAll(".contact-box, .see-also-boxes, .carousel, .promo-box, .contact-box, .explainer-box"));if(s.length){var l=s[0],c=l.previousElementSibling;if(c&&"DIV"==c.tagName&&!a(c,"title")){for(var u=l.nextElementSibling,g=!1;null!=u;)a(u,"in-this-section")||"SCRIPT"==u.tagName||"STYLE"==u.tagName||(-1==s.indexOf(u)?g=!0:g&&(c=(l=u).previousElementSibling,g=!1)),u=u.nextElementSibling;g||(c.classList.add("connector"),n(c,["section","intro","boxes","accordion","definition-list","tags"])&&c.classList.add("-gradient-upper"),n(c,["jumbo-box"])&&a(c,"-dark-blue")&&c.classList.add("-light-grey-blue"),a(l,".carousel")||c.classList.add("-dark-grey"),e(c))}}}},ECB.fast.exif=function(){function i(t,e,n){return function(t,e,n){var a,r,i,o="";for(n=e+n;e<n;)switch((a=t.getUint8(e++))>>4){case 0:case 1:case 2:case 3:case 4:case 5:case 6:case 7:o+=String.fromCharCode(a);break;case 12:case 13:r=t.getUint8(e++),o+=String.fromCharCode((31&a)<<6|63&r);break;case 14:r=t.getUint8(e++),i=t.getUint8(e++),o+=String.fromCharCode((15&a)<<12|(63&r)<<6|(63&i)<<0)}return o}(t,e,n)}function o(t,e,n){if("exif"!=i(t,e,4).toLowerCase())return!1;var a,e=e+(n?8:6);if(18761==t.getUint16(e))a=!1;else{if(19789!=t.getUint16(e))return!1;a=!0}return 42==t.getUint16(e+2,!a)&&(!((n=t.getUint32(e+4,!a))<8)&&function(t,e,n,a){for(var r,i=t.getUint16(n,!a),o=0;o<i;o++)if(315===t.getUint16(r=n+12*o+2,!a))return s(t,r,e,a);return""}(t,e,e+n,a))}var s=function(t,e,n,a){var r=t.getUint32(e+4,!a),n=t.getUint32(e+8,!a)+n;return i(t,4<r?n:e+8,r-1)};return{getArtist:function(t,e){function n(t){t=function(t){var e=new DataView(t),n=!1;if(1380533830==e.getUint32(0)&&1464156752==e.getUint32(8)&&1448097880==e.getUint32(12)){if(!(e.getUint8(20)&8))return!1;n=!0}else if(255!=e.getUint8(0)||216!=e.getUint8(1))return!1;var a=2,r=t.byteLength;if(n)for(a=16;a<r;){if(a+=e.getUint32(a,!0)+4,"EXIF"==i(e,a,4))return o(e,a,!0,e.getUint32(a,!0));a+=4}else for(;a<r;){if(255!=e.getUint8(a))return!1;if(225==e.getUint8(a+1))return o(e,a+4,!1,e.getUint16(a+2));a+=2+e.getUint16(a+2)}}(t);e.call(window,t||"")}var a=new XMLHttpRequest;a.onload=function(){200!=this.status&&0!==this.status||n(a.response),a=null},a.open("GET",t,!0),a.responseType="arraybuffer",a.send(null)}}}(),ECB.fast.isLoading=function(){for(var t=document.querySelectorAll(".-is-loading"),e=0;e<t.length;e++)t[e].insertAdjacentHTML("afterbegin","<div class='is-busy'> Loading ... </div>")},ECB.fast.langLinks=function(){if(ECB.fast.isEuLanguage=!!document.querySelector("#language-values a[lang="+ECB.currentLanguage+"]:not([specialLang])"),ECB.fast.isEuLanguage&&"en"!=ECB.currentLanguage){var t=document.querySelectorAll("a:not([lang]"),n=/\.[a-z]{2,3}(\.(html|pdf)([\?#].*)?)$/;const r=["www.ecb.europa.eu","www.bankingsupervision.europa.eu","www.esrb.europa.eu"];for(var e=0;e<t.length;e++){var a=t[e];a.hasAttribute("href")&&function(t){let e=t.getAttribute("href");if(!e)return!1;if(-1===e.indexOf(":"))return!0;t=e.match(/^https?:\/\/([^/]+)/);return t&&t[1]&&r.includes(t[1])}(a)&&function(t){let e=t.getAttribute("href").match(n);return!!(e&&0<e.length)&&"en"==e[0].substr(1,2)}(a)&&a.setAttribute("href",a.getAttribute("href").replace(n,"."+ECB.currentLanguage+"$1"))}}},ECB.fast.langSwitch=function(){var e,n;ECB.isLive&&(e=localStorage.getItem("lastLanguage"),(n=function(t){if(t&&ECB.currentLanguage!=t){t=document.querySelector("#language-values>a[lang="+t+"]");return t&&(document.location.href=t.href),!0}return!1})(e)||window.addEventListener("storage",function(t){"lastLanguage"==t.key&&t.newValue!=e&&n(t.newValue)}))},ECB.fast.loadImages=function(t){var n,e=t;t||(e=document);var a=function(t){var e=ECB.supports.webp&&t.getAttribute("data-image-webp")?t.getAttribute("data-image-webp"):t.getAttribute("data-image"),n=t;n.style.backgroundImage="url('"+e+"')",t.classList.contains("-inner")||ECB.fast.attribution(n),n.classList.add("loaded")};window.IntersectionObserver&&(n=new IntersectionObserver(function(t){for(var e=0;e<t.length;e++)t[e].isIntersecting&&(a(t[e].target),n.unobserve(t[e].target))},{rootMargin:"50%"}));for(var r=e.querySelectorAll("[data-image]"),i=0;i<r.length;i++)r[i].classList.contains("fast")||r[i].classList.contains("coin-cropper")||!n?a(r[i]):n.observe(r[i]);for(var o=e.querySelectorAll("picture img"),i=0;i<o.length;i++)ECB.fast.attribution(o[i])},ECB.fast.pageTitle=function(){var t=document.querySelector("main>.title h1");t&&0<t.innerText.length&&(document.title=t.innerText)},ECB.fast.random=function(t){Element.prototype.matches||(Element.prototype.matches=Element.prototype.msMatchesSelector||Element.prototype.webkitMatchesSelector);for(var e=(!t?document:t).querySelectorAll(".random"),n=0;n<e.length;n++){e[n].querySelectorAll(".random-item");var a=[];Array.prototype.slice.call(e[n].children).map(function(t){t.matches(".random-item")&&a.push(t)});var r=Math.floor(Math.random()*a.length);e[n].classList.contains("-daily")&&(r=(new Date).getDate()%a.length),a[r].classList.add("active");for(var i=0;i<a.length;i++)i!=r&&e[n].removeChild(a[i])}},ECB.fast.supportCheck=function(e){var n=new Image;n.onload=function(t){"load"==t.type&&1==n.width&&(document.documentElement.classList.add("webp"),ECB.supports.webp=!0),e&&e()},n.onerror=function(){e&&e()},n.src="data:image/webp;base64,UklGRiQAAABXRUJQVlA4IBgAAAAwAQCdASoBAAEAAwA0JaQAA3AA/vuUAAA="},ECB.fast.tempFixes=function(){!function(t,e){for(var n=document.querySelectorAll(t),a=0;a<n.length;a++)e(n[a])}(".table .wrapper h3",function(t){var e=t.parentElement.parentElement,n=document.createElement("div");n.classList.add("header"),n.innerHTML='<div class="title">'+t.innerHTML+"</div>",t.parentElement.removeChild(t),e.prepend(n)})},ECB.fast.supportCheck(function(){function t(){ECB.jsForContentOnly||ECB.fast.pageTitle(),ECB.fast.tempFixes(),ECB.fast.random(),ECB.fast.loadImages(),ECB.fast.langLinks(),ECB.fast.connector(),ECB.fast.annexSwap(),ECB.fast.isLoading(),ECB.fast.authorMove()}"loading"!==document.readyState?t():window.addEventListener("DOMContentLoaded",t)}); </script> <script type="text/javascript" async src="/shared/dist/js/slow.min.js?v=2990411"></script> </head> <body class="project-ecb section-paym sub-integration sub-collateral sub-faq "> <div id="skip-links"> <div class="skip-links-content"> <span>Skip to:</span> <a href="#navwrapper"><span class="sr-only">Skip to </span>navigation</a> <a href="#main-content"><span class="sr-only">Skip to </span>content</a> <a href="#ecb-doc-footer"><span class="sr-only">Skip to </span>footer</a> </div> </div> <header id="ecb-doc-header" class="v2"> <div class="headerHolder"> <button id="toggle-sticky-nav" aria-haspopup="true" ></button> <div class="logo-name"> <a href="/home/html/index.sk.html" alt="Go to our homepage"> <img src="/shared/img/logo/logo_name.sk.svg" alt="European Central Bank - eurosystem"> </a> </div> <div class="logo-name-mobile"> <a href="/home/html/index.sk.html" alt="Go to our homepage"> <img src="/shared/img/logos_mobile/ECB_Eurosystem_OneLineLogo_Mobile_SK.svg" alt="European Central Bank - eurosystem"> </a> </div> <div id="language-selector-holder" role="button" title="Select language"> <div id="language-selector"></div> <div id="language-selected" aria-haspopup="true"><i></i><span class="ecb-full">SK</span></div> <div id="language-values"> <a href="index.bg.html" lang="bg" title="Български"><span class="ecb-full">Български</span></a><a href="index.cs.html" lang="cs" title="Čeština"><span class="ecb-full">Čeština</span></a><a href="index.da.html" lang="da" title="Dansk"><span class="ecb-full">Dansk</span></a><a href="index.de.html" lang="de" title="Deutsch"><span class="ecb-full">Deutsch</span></a><a href="index.el.html" lang="el" title="Eλληνικά"><span class="ecb-full">Eλληνικά</span></a><a href="index.en.html" class="available" lang="en" title="English"><span class="ecb-full">English</span></a><a href="index.es.html" lang="es" title="Español"><span class="ecb-full">Español</span></a><a href="index.et.html" lang="et" title="Eesti keel"><span class="ecb-full">Eesti keel</span></a><a href="index.fi.html" lang="fi" title="Suomi"><span class="ecb-full">Suomi</span></a><a href="index.fr.html" lang="fr" title="Français"><span class="ecb-full">Français</span></a><a href="index.ga.html" lang="ga" title="Gaeilge"><span class="ecb-full">Gaeilge</span></a><a href="index.hr.html" lang="hr" title="Hrvatski"><span class="ecb-full">Hrvatski</span></a><a href="index.hu.html" lang="hu" title="Magyar"><span class="ecb-full">Magyar</span></a><a href="index.it.html" lang="it" title="Italiano"><span class="ecb-full">Italiano</span></a><a href="index.lt.html" lang="lt" title="Lietuvių"><span class="ecb-full">Lietuvių</span></a><a href="index.lv.html" lang="lv" title="Latviešu"><span class="ecb-full">Latviešu</span></a><a href="index.mt.html" lang="mt" title="Malti"><span class="ecb-full">Malti</span></a><a href="index.nl.html" lang="nl" title="Nederlands"><span class="ecb-full">Nederlands</span></a><a href="index.pl.html" lang="pl" title="Polski"><span class="ecb-full">Polski</span></a><a href="index.pt.html" lang="pt" title="Português"><span class="ecb-full">Português</span></a><a href="index.ro.html" lang="ro" title="Română"><span class="ecb-full">Română</span></a><a href="index.sk.html" class="selected" lang="sk" title="Slovenčina"><span class="ecb-full">Slovenčina</span></a><a href="index.sl.html" lang="sl" title="Slovenščina"><span class="ecb-full">Slovenščina</span></a><a href="index.sv.html" lang="sv" title="Svenska"><span class="ecb-full">Svenska</span></a> </div> </div> <button id="hamburger" aria-haspopup="true" > Menu <div class="icon"> <div class="line-outer"> <div class="line-inner"></div> </div> <div class="line-outer"> <div class="line-inner"></div> </div> <div class="line-outer"> <div class="line-inner"></div> </div> </div> </button> <div class="logo"> <a href="/home/html/index.sk.html" alt="Go to our homepage"> <img src="/shared/img/logo/logo_only.svg" alt="our logo, a yellow Euro sign surrounded by yellow stars centered in a dark blue circle resting on a dark blue base"> </a> </div> <nav id="navwrapper" role="navigation" aria-label="Main navigation"><div id="mainnav"><ul><li class="has-subpages" aria-expanded="false"><a href="/mopo/html/index.sk.html">Menová politika a trhy</a><a href="#" class="subpages" title="toggle subpages for Menová politika a trhy"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Menová politika a trhy</div> <p>Na&scaron;a stratégia menovej politiky, používané nástroje a ich vplyv</p><a href="/mopo/html/index.en.html">Prehľad o menovej politike a trhoch</a><hr> <div class="nav-title">Užitočné odkazy</div> <ul> <li><a href="/ecb/educational/explainers/tell-me/html/what-is-monetary-policy.en.html">Čo znamená menová politika?</a></li> <li><a href="/mopo/strategy/strategy-review/html/index.en.html">Revízia stratégie</a></li> <li><a href="/mopo/implement/app/html/index.en.html">Programy nákupu aktív</a></li> </ul> </div><a href="/press/press_conference/html/index.en.html" class="item image"> <img src="/press/tvservices/html/index/ECB press conference place holder new_2560x1440.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">Najnov&scaron;ia tlačová konferencia o menovej politike</div> <div class="image-date">30. januára 2025</div></a></div></div><ul><li class="has-subpages"><a href="/mopo/intro/html/index.sk.html">Úvod</a><a href="#" class="subpages" title="toggle subpages for Úvod"></a><ul><li class="clearfix"><a href="/mopo/intro/benefits/html/index.sk.html">Výhody cenovej stability</a></li><li class="clearfix"><a href="/mopo/intro/role/html/index.sk.html">Rozsah menovej politiky</a></li><li class="clearfix"><a href="/mopo/intro/transmission/html/index.sk.html">Transmisný mechanizmus</a></li></ul></li><li class="clearfix"><a href="/mopo/decisions/html/index.sk.html">Rozhodnutia, vyhlásenia a správy</a></li><li class="has-subpages"><a href="/mopo/strategy/html/index.sk.html">Stratégia menovej politiky</a><a href="#" class="subpages" title="toggle subpages for Stratégia menovej politiky"></a><ul><li class="clearfix"><a href="/mopo/strategy/strategy-review/html/index.sk.html">Revízia stratégie</a></li><li class="clearfix"><a href="/mopo/strategy/medium-term-orientation/html/index.sk.html">Strednodobá orientácia</a></li><li class="clearfix"><a href="/mopo/strategy/pricestab/html/index.sk.html">Dvojpercentný inflačný cieľ</a></li></ul></li><li class="has-subpages"><a href="/mopo/devel/html/index.sk.html">Ekonomická, menová a finančná analýza</a><a href="#" class="subpages" title="toggle subpages for Ekonomická, menová a finančná analýza"></a><ul><li class="clearfix"><a href="/mopo/devel/ecana/html/index.sk.html">Ekonomická analýza</a></li><li class="clearfix"><a href="/mopo/devel/monan/html/index.sk.html">Menová a finančná analýza</a></li></ul></li><li class="has-subpages"><a href="/mopo/implement/html/index.sk.html">Nástroje</a><a href="#" class="subpages" title="toggle subpages for Nástroje"></a><ul><li class="has-subpages"><a href="/mopo/implement/omo/html/index.sk.html">Operácie na voľnom trhu</a><a href="#" class="subpages" title="toggle subpages for Operácie na voľnom trhu"></a><ul><li class="clearfix"><a href="/mopo/implement/omo/tltro/html/index.sk.html">TLTRO</a></li></ul></li><li class="has-subpages"><a href="/mopo/implement/app/html/index.sk.html">Programy nákupu aktív</a><a href="#" class="subpages" title="toggle subpages for Programy nákupu aktív"></a><ul><li class="clearfix"><a href="/mopo/implement/app/lending/html/index.sk.html">Požičiavanie cenných papierov</a></li></ul></li><li class="clearfix"><a href="/mopo/implement/pepp/html/index.sk.html">Núdzový pandemický program nákupu aktív</a></li><li class="clearfix"><a href="/mopo/implement/sf/html/index.sk.html">Automatické operácie</a></li><li class="has-subpages"><a href="/mopo/implement/mr/html/index.sk.html">Povinné minimálne rezervy</a><a href="#" class="subpages" title="toggle subpages for Povinné minimálne rezervy"></a><ul><li class="clearfix"><a href="/mopo/implement/mr/two-tier/html/index.sk.html">Dvojstupňový systém</a></li></ul></li></ul></li><li class="has-subpages"><a href="/mopo/international-market-operations/html/index.sk.html">Operácie na medzinárodných trhoch</a><a href="#" class="subpages" title="toggle subpages for Operácie na medzinárodných trhoch"></a><ul><li class="clearfix"><a href="/mopo/international-market-operations/liquidity_lines/html/index.sk.html">Eurové likviditné linky s centrálnymi bankami</a></li></ul></li><li class="clearfix"><a href="/mopo/ela/html/index.sk.html">Poskytovanie núdzovej likvidity (ELA)</a></li><li class="clearfix"><a href="/mopo/liq/html/index.sk.html">Analýza likvidity</a></li><li class="has-subpages"><a href="/mopo/coll/html/index.sk.html">Kolaterál</a><a href="#" class="subpages" title="toggle subpages for Kolaterál"></a><ul><li class="has-subpages"><a href="/mopo/coll/standards/html/index.sk.html">Kritériá a hodnotenie akceptovateľnosti</a><a href="#" class="subpages" title="toggle subpages for Kritériá a hodnotenie akceptovateľnosti"></a><ul><li class="clearfix"><a href="/mopo/coll/standards/marketable/html/index.sk.html">Obchodovateľné aktíva</a></li><li class="clearfix"><a href="/mopo/coll/standards/nonmarketable/html/index.sk.html">Neobchodovateľné aktíva</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/assets/html/index.sk.html">Zoznam akceptovateľných obchodovateľných aktív</a><a href="#" class="subpages" title="toggle subpages for Zoznam akceptovateľných obchodovateľných aktív"></a><ul><li class="clearfix"><a href="/mopo/coll/assets/guide/html/index.sk.html">Návod na používanie databázy</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/coll/html/index.sk.html">Mobilizácia kolaterálu</a><a href="#" class="subpages" title="toggle subpages for Mobilizácia kolaterálu"></a><ul><li class="clearfix"><a href="/mopo/coll/coll/ccbm/html/index.sk.html">CCBM</a></li><li class="clearfix"><a href="/mopo/coll/coll/eligiblesss/html/index.sk.html">Akceptovateľné systémy vyrovnania obchodov s cennými papiermi</a></li><li class="clearfix"><a href="/mopo/coll/coll/ssslinks/html/index.sk.html">Akceptovateľné prepojenia</a></li><li class="clearfix"><a href="/mopo/coll/coll/triparty/html/index.sk.html">Akceptovateľní trojstranní sprostredkovatelia</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/risk/html/index.sk.html">Zmierňovanie rizík</a><a href="#" class="subpages" title="toggle subpages for Zmierňovanie rizík"></a><ul><li class="clearfix"><a href="/mopo/coll/risk/ecaf/html/index.sk.html">ECAF</a></li><li class="clearfix"><a href="/mopo/coll/risk/riskcontrol/html/index.sk.html">Kontrola rizík</a></li><li class="clearfix"><a href="/mopo/coll/risk/liquidity/html/index.sk.html">Kategórie zrážok</a></li><li class="clearfix"><a href="/mopo/coll/risk/valuation/html/index.sk.html">Oceňovanie</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/loanlevel/html/index.sk.html">Údaje o individuálnych úveroch</a><a href="#" class="subpages" title="toggle subpages for Údaje o individuálnych úveroch"></a><ul><li class="clearfix"><a href="/mopo/coll/loanlevel/transmission/html/index.sk.html">Vzory na vykazovanie údajov</a></li><li class="clearfix"><a href="/mopo/coll/loanlevel/implementation/html/index.sk.html">Požiadavky na akceptovateľnosť</a></li><li class="clearfix"><a href="/mopo/coll/loanlevel/faq/html/index.sk.html">Najčastejšie otázky</a></li></ul></li><li class="clearfix"><a href="/mopo/coll/contacts/html/index.sk.html">Kontaktné údaje</a></li></ul></li><li class="has-subpages"><a href="/mopo/eaec/html/index.sk.html">Štruktúra hospodárstva eurozóny</a><a href="#" class="subpages" title="toggle subpages for Štruktúra hospodárstva eurozóny"></a><ul><li class="clearfix"><a href="/mopo/eaec/ecopolicy/html/index.sk.html">Hospodárska politika</a></li><li class="clearfix"><a href="/mopo/eaec/fiscal/html/index.sk.html">Rozpočtová politika</a></li><li class="clearfix"><a href="/mopo/eaec/trade/html/index.sk.html">Zahraničný obchod</a></li><li class="clearfix"><a href="/mopo/eaec/eer/html/index.sk.html">Efektívne výmenné kurzy</a></li><li class="clearfix"><a href="/mopo/eaec/structure/html/index.sk.html">Finančná štruktúra</a></li><li class="clearfix"><a href="/mopo/eaec/markets/html/index.sk.html">Finančné trhy</a></li><li class="clearfix"><a href="/mopo/eaec/intermediaries/html/index.sk.html">Finanční sprostredkovatelia</a></li><li class="clearfix"><a href="/mopo/eaec/diversity/html/index.sk.html">Hospodárska diverzita</a></li><li class="clearfix"><a href="/mopo/eaec/labour/html/index.sk.html">Trh práce</a></li></ul></li><li class="has-subpages"><a href="/mopo/market-contact-groups/html/index.sk.html">Trhové kontaktné skupiny</a><a href="#" class="subpages" title="toggle subpages for Trhové kontaktné skupiny"></a><ul><li class="clearfix"><a href="/mopo/market-contact-groups/bmcg/html/index.sk.html">Kontaktná skupina pre dlhopisový trh (BMCG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/mmcg/html/index.sk.html">Kontaktná skupina pre peňažný trh (MMCG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/dimcg/html/index.sk.html">Kontaktná skupina pre trh emitentov dlhových cenných papierov (DIMCG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/omg/html/index.sk.html">Skupina ECB združujúca správcov operácií (ECB OMG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/fxcg/html/index.sk.html">Kontaktná skupina pre devízový trh (FXCG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/iid/html/index.sk.html">Dialóg inštitucionálnych investorov (IID)</a></li></ul></li></ul></div></li><li class="has-subpages -section" aria-expanded="false"><a href="/paym/html/index.sk.html">Platobný styk a finančná stabilita</a><a href="#" class="subpages" title="toggle subpages for Platobný styk a finančná stabilita"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Platobný styk a finančná stabilita</div> <p>Bliž&scaron;í pohľad na na&scaron;u činnosť v oblasti finančnej stability a platobnej a trhovej infra&scaron;truktúry</p><a href="/paym/html/index.en.html">Prehľad o platobnom styku a finančnej stabilite</a><hr> <div class="nav-title">Užitočné odkazy</div> <ul> <li><a href="/euro/digital_euro/html/index.en.html">Digitálne euro</a></li> <li><a href="/press/intro/html/index.en.html">Novinky a podujatia v oblasti platobného styku</a></li> <li><a href="/paym/target/target-professional-use-documents-links/html/index.en.html">TARGET: dokumenty a odkazy pre profesionálov</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">Najnov&scaron;ie vydanie Správy o finančnej stabilite</div> <div class="image-date">16. mája 2024</div></a></div></div><ul><li class="clearfix"><span>Platobný styk</span></li><li class="has-subpages"><a href="/paym/target/html/index.sk.html">Služby TARGET</a><a href="#" class="subpages" title="toggle subpages for Služby TARGET"></a><ul><li class="clearfix"><a href="/paym/target/coco/html/index.sk.html">Zdieľané prvky</a></li><li class="has-subpages"><a href="/paym/target/t2/html/index.sk.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.sk.html">Facts and figures</a></li><li class="clearfix"><a href="/paym/target/t2/governance/html/index.sk.html">Riadenie</a></li></ul></li><li class="has-subpages"><a href="/paym/target/t2s/html/index.sk.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.sk.html">Riadenie</a></li><li class="clearfix"><a href="/paym/target/t2s/facts/html/index.sk.html">Fakty a čísla</a></li><li class="clearfix"><a href="/paym/target/t2s/pricing/html/index.sk.html">Cena</a></li></ul></li><li class="has-subpages"><a href="/paym/target/tips/html/index.sk.html">TIPS</a><a href="#" class="subpages" title="toggle subpages for TIPS"></a><ul><li class="clearfix"><a href="/paym/target/tips/crossborder/html/index.sk.html">Cross-border payments</a></li><li class="clearfix"><a href="/paym/target/tips/governance/html/index.sk.html">Riadenie</a></li><li class="clearfix"><a href="/paym/target/tips/facts/html/index.sk.html">Fakty a čísla</a></li><li class="clearfix"><a href="/paym/target/tips/onboarding/html/index.sk.html">Podpora nových klientov</a></li></ul></li><li class="clearfix"><a href="/paym/target/ecms/html/index.sk.html">ECMS</a></li><li class="has-subpages"><a href="/paym/target/target-professional-use-documents-links/html/index.sk.html">TARGET: dokumenty a odkazy pre profesionálov</a><a href="#" class="subpages" title="toggle subpages for TARGET: dokumenty a odkazy pre profesionálov"></a><ul><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/coco/html/index.sk.html">Zdieľané prvky: dokumenty a odkazy</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/t2/html/index.sk.html">T2: dokumenty a odkazy</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/t2s/html/index.sk.html">T2S: dokumenty a odkazy</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/tips/html/index.sk.html">TIPS: dokumenty a odkazy</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/ecms/html/index.sk.html">ECMS: dokumenty a odkazy</a></li></ul></li></ul></li><li class="has-subpages -section"><a href="/paym/integration/html/index.sk.html">Integrácia a inovácie</a><a href="#" class="subpages" title="toggle subpages for Integrácia a inovácie"></a><ul><li class="has-subpages"><a href="/paym/integration/distributed/html/index.sk.html">Technológie distribuovanej databázy transakcií</a><a href="#" class="subpages" title="toggle subpages for Technológie distribuovanej databázy transakcií"></a><ul><li class="clearfix"><a href="/paym/integration/distributed/exploratory/html/index.sk.html">Analytická práca</a></li></ul></li><li class="has-subpages"><a href="/paym/integration/retail/html/index.sk.html">Retailové platby</a><a href="#" class="subpages" title="toggle subpages for Retailové platby"></a><ul><li class="clearfix"><a href="/paym/integration/retail/retail_payments_strategy/html/index.sk.html">Stratégia retailových platieb</a></li><li class="clearfix"><a href="/paym/integration/retail/ecb/html/index.sk.html">ECB ako katalyzátor</a></li><li class="clearfix"><a href="/paym/integration/retail/sepa/html/index.sk.html">SEPA</a></li><li class="clearfix"><a href="/paym/integration/retail/instant_payments/html/index.sk.html">Okamžité platby</a></li></ul></li><li class="has-subpages -section"><a href="/paym/integration/collateral/html/index.sk.html">Harmonizácia riadenia kolaterálu</a><a href="#" class="subpages" title="toggle subpages for Harmonizácia riadenia kolaterálu"></a><ul><li class="clearfix"><a href="/paym/integration/collateral/implementation/html/index.sk.html">Implementácia</a></li><li class="clearfix -current"><a href="/paym/integration/collateral/faq/html/index.sk.html">Najčastejšie otázky</a></li></ul></li></ul></li><li class="has-subpages"><a href="/paym/cyber-resilience/html/index.sk.html">Kybernetická odolnosť</a><a href="#" class="subpages" title="toggle subpages for Kybernetická odolnosť"></a><ul><li class="clearfix"><a href="/paym/cyber-resilience/fmi/html/index.sk.html">Infraštruktúry finančného trhu</a></li><li class="clearfix"><a href="/paym/cyber-resilience/tiber-eu/html/index.sk.html">TIBER-EU</a></li></ul></li><li class="has-subpages"><a href="/paym/pol/html/index.sk.html">Dohľad</a><a href="#" class="subpages" title="toggle subpages for Dohľad"></a><ul><li class="clearfix"><a href="/paym/pol/systems/html/index.sk.html">Platobné systémy</a></li><li class="clearfix"><a href="/paym/pol/target2-securities/html/index.sk.html">TARGET2-Securities</a></li><li class="clearfix"><a href="/paym/pol/instr/html/index.sk.html">Elektronické platby</a></li><li class="clearfix"><a href="/paym/pol/clearing/html/index.sk.html">Systémy vyrovnania obchodov s cennými papiermi a centrálne protistrany</a></li><li class="clearfix"><a href="/paym/pol/critical/html/index.sk.html">Poskytovatelia kritických služieb</a></li><li class="clearfix"><a href="/paym/pol/correspondent-and-custodian-banks/html/index.sk.html">Korešpondenčné a správcovské banky</a></li><li class="clearfix"><a href="/paym/pol/forum/html/index.sk.html">SecuRe Pay</a></li></ul></li><li class="has-subpages"><a href="/paym/erms/html/index.sk.html">Služby správy rezerv</a><a href="#" class="subpages" title="toggle subpages for Služby správy rezerv"></a><ul><li class="clearfix"><a href="/paym/erms/aspects/html/index.sk.html">Hlavné aspekty</a></li><li class="clearfix"><a href="/paym/erms/service/html/index.sk.html">Rozsah služieb</a></li></ul></li><li class="has-subpages"><a href="/paym/cashprof/html/index.sk.html">Spracovatelia peňazí</a><a href="#" class="subpages" title="toggle subpages for Spracovatelia peňazí"></a><ul><li class="has-subpages"><a href="/paym/cashprof/cashhand/html/index.sk.html">Spracovanie peňazí</a><a href="#" class="subpages" title="toggle subpages for Spracovanie peňazí"></a><ul><li class="clearfix"><a href="/paym/cashprof/cashhand/devices/html/index.sk.html">Zariadenia na overovanie pravosti</a></li><li class="clearfix"><a href="/paym/cashprof/cashhand/recycling/html/index.sk.html">Vracanie bankoviek späť do obehu</a></li></ul></li><li class="clearfix"><a href="/paym/cashprof/cdispec/html/index.sk.html">Špecifikácie spoločného rozhrania detektorov</a></li><li class="clearfix"><a href="/paym/cashprof/accreditation/html/index.sk.html">Akreditácia výrobcov bankoviek</a></li></ul></li><li class="has-subpages"><a href="/paym/groups/html/index.sk.html">Kontaktné skupiny v oblasti platobného styku</a><a href="#" class="subpages" title="toggle subpages for Kontaktné skupiny v oblasti platobného styku"></a><ul><li class="clearfix"><a href="/paym/groups/ami/html/index.sk.html">Poradné skupiny v oblasti trhových infraštruktúr</a></li><li class="clearfix"><a href="/paym/groups/euro-cyber-board/html/index.sk.html">Rada pre kybernetickú bezpečnosť eura</a></li><li class="clearfix"><a href="/paym/groups/erpb/html/index.sk.html">Rada pre retailové platby v eurách (ERPB)</a></li><li class="clearfix"><a href="/paym/groups/efip/html/index.sk.html">European Forum for Innovation in Payments (EFIP)</a></li></ul></li><li class="clearfix"><span>Finančná stabilita</span></li><li class="clearfix"><a href="/paym/financial-stability/html/index.sk.html">Úvod do finančnej stability</a></li><li class="clearfix"><a href="/paym/macroprudential-measures/html/index.sk.html">Makroprudenciálne opatrenia</a></li><li class="clearfix"><a href="/paym/financial_stability_contact_groups/html/index.sk.html">Kontaktné skupiny v oblasti finančnej stability</a></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/stats/html/index.sk.html">Štatistika</a><a href="#" class="subpages" title="toggle subpages for Štatistika"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">&Scaron;tatistika</div> <p>Prístup ku v&scaron;etkým &scaron;tatistikám ECB a súvisiacim informáciám</p><a href="/stats/html/index.en.html">Prehľad o &scaron;tatistikách ECB</a><hr> <div class="nav-title">Užitočné odkazy</div> <ul> <li><a href="https://data.ecb.europa.eu/main-figures">Hlavné údaje</a></li> <li><a href="https://data.ecb.europa.eu/">Dátový portál ECB</a></li> <li><a href="/stats/ecb_statistics/accessing-our-data/html/index.en.html">V&scaron;etky dátové služby</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">BLOG ECB – Kvalitnej&scaron;ie údaje: ako klimatické zmeny vplývajú na banky</div> <div class="image-date">18. apríla 2024</div></a></div></div><ul><li class="clearfix"><span>Najnavštevovanejšie stránky</span></li><li class="clearfix"><a href="/stats/euro-exchange-rates/html/index.sk.html">Výmenné kurzy eura</a></li><li class="clearfix"><a href="/stats/key-ecb-interest-rates/html/index.sk.html">Kľúčové úrokové sadzby ECB</a></li><li class="has-subpages"><a href="/stats/euro-short-term-rates/html/index.sk.html">Krátkodobá eurová sadzba (€STR)</a><a href="#" class="subpages" title="toggle subpages for Krátkodobá eurová sadzba (€STR)"></a><ul><li class="has-subpages"><a href="/stats/euro-short-term-rates/interest_rate_benchmarks/html/index.sk.html">Referenčné úrokové sadzby</a><a href="#" class="subpages" title="toggle subpages for Referenčné úrokové sadzby"></a><ul><li class="clearfix"><a href="/stats/euro-short-term-rates/interest_rate_benchmarks/WG_euro_risk-free_rates/html/index.sk.html">Pracovná skupina pre eurové bezrizikové sadzby</a></li></ul></li></ul></li><li class="clearfix"><a href="/stats/inflation/html/index.sk.html">Inflácia</a></li><li class="clearfix"><a href="/stats/euro-area-yield-curves/html/index.sk.html">Výnosové krivky eurozóny</a></li><li class="clearfix"><span>Všetky štatistiky a súvisiace informácie</span></li><li class="clearfix"><a href="/stats/all-key-statistics/html/index.sk.html">Všetky kľúčové štatistiky</a></li><li class="clearfix"><a href="/stats/accessing-our-data/html/index.sk.html">Všetky dátové služby</a></li><li class="has-subpages"><a href="/stats/ecb_statistics/html/index.sk.html">Vykazovanie údajov a normy</a><a href="#" class="subpages" title="toggle subpages for Vykazovanie údajov a normy"></a><ul><li class="clearfix"><a href="/stats/ecb_statistics/governance_and_quality_framework/html/index.sk.html">Rámec riadenia a zabezpečovania kvality</a></li><li class="clearfix"><a href="/stats/ecb_statistics/co-operation_and_standards/html/index.sk.html">Spolupráca a normy</a></li><li class="clearfix"><a href="/stats/ecb_statistics/reporting/html/index.sk.html">Vykazovanie bankových údajov</a></li><li class="has-subpages"><a href="/stats/ecb_statistics/anacredit/html/index.sk.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.sk.html">AnaCredit: najčastejšie otázky</a></li></ul></li><li class="clearfix"><a href="/stats/ecb_statistics/consultations/html/index.sk.html">Verejné konzultácie</a></li><li class="clearfix"><a href="/stats/ecb_statistics/dialogue/html/index.sk.html">Dialóg s bankovým sektorom o štatistikách ESCB a o integrovanom vykazovaní</a></li><li class="clearfix"><a href="/stats/ecb_statistics/sdmx/html/index.sk.html">SDMX: model výmeny štatistických údajov</a></li><li class="clearfix"><a href="/stats/ecb_statistics/inexda/html/index.sk.html">INEXDA: sieť na podporu využívania granulárnych údajov</a></li></ul></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/euro/html/index.sk.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>V&scaron;etky potrebné informácie o jednotnej mene</p><a href="/euro/html/index.en.html">Prehľad o eure</a><hr> <div class="nav-title">Užitočné odkazy</div> <ul> <li><a href="/paym/cashprof/html/index.en.html">Profesionálni spracovatelia peňazí</a></li> <li><a href="/stats/policy_and_exchange_rates/banknotes+coins/html/index.en.html">&Scaron;tatistické údaje o bankovkách a minciach</a></li> <li><a href="/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/index.en.html">Výmenné kurzy eura</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">&Scaron;túdia platobných zvyklostí spotrebiteľov v eurozóne (SPACE) – 2024</div> <div class="image-date">19. decembra 2024</div></a></div></div><ul><li class="has-subpages"><a href="/euro/digital_euro/html/index.sk.html">Digitálne euro</a><a href="#" class="subpages" title="toggle subpages for Digitálne euro"></a><ul><li class="has-subpages"><a href="/euro/digital_euro/features/html/index.sk.html">Funkcie</a><a href="#" class="subpages" title="toggle subpages for Funkcie"></a><ul><li class="clearfix"><a href="/euro/digital_euro/features/privacy/html/index.sk.html">Digital euro and privacy</a></li></ul></li><li class="clearfix"><a href="/euro/digital_euro/how-it-works/html/index.sk.html">Ako funguje</a></li><li class="clearfix"><a href="/euro/digital_euro/why-we-need-it/html/index.sk.html">Prečo ho potrebujeme</a></li><li class="clearfix"><a href="/euro/digital_euro/progress/html/index.sk.html">Harmonogram a stav realizácie</a></li><li class="has-subpages"><a href="/euro/digital_euro/timeline/html/index.sk.html">Harmonogram projektu</a><a href="#" class="subpages" title="toggle subpages for Harmonogram projektu"></a><ul><li class="clearfix"><a href="/euro/digital_euro/timeline/stakeholder/html/index.sk.html">Riadenie a zainteresované strany</a></li><li class="clearfix"><a href="/euro/digital_euro/timeline/profuse/html/index.sk.html">Technické dokumenty a výskum</a></li><li class="clearfix"><a href="/euro/digital_euro/timeline/rulebook/html/index.sk.html">Pravidlá schémy</a></li></ul></li><li class="clearfix"><a href="/euro/digital_euro/faqs/html/index.sk.html">Najčastejšie otázky</a></li></ul></li><li class="clearfix"><span>Hotovosť</span></li><li class="has-subpages"><a href="/euro/cash_strategy/html/index.sk.html">Hotovostná stratégia Eurosystému</a><a href="#" class="subpages" title="toggle subpages for Hotovostná stratégia Eurosystému"></a><ul><li class="clearfix"><a href="/euro/cash_strategy/cash_role/html/index.sk.html">Úloha hotovosti</a></li><li class="clearfix"><a href="/euro/cash_strategy/issuance/html/index.sk.html">Emisia a obeh</a></li><li class="clearfix"><a href="/euro/cash_strategy/acceptance-cash/html/index.sk.html">Prístup k hotovosti a jej akceptácia</a></li><li class="clearfix"><a href="/euro/cash_strategy/faqs/html/index.sk.html">Najčastejšie otázky</a></li></ul></li><li class="has-subpages"><a href="/euro/banknotes/html/index.sk.html">Bankovky</a><a href="#" class="subpages" title="toggle subpages for Bankovky"></a><ul><li class="has-subpages"><a href="/euro/banknotes/future_banknotes/html/index.sk.html">Budúca podoba bankoviek</a><a href="#" class="subpages" title="toggle subpages for Budúca podoba bankoviek"></a><ul><li class="clearfix"><a href="/euro/banknotes/future_banknotes/redesign/html/index.sk.html">Proces navrhovania novej podoby bankoviek</a></li></ul></li><li class="has-subpages"><a href="/euro/banknotes/current/html/index.sk.html">Súčasné bankovky</a><a href="#" class="subpages" title="toggle subpages for Súčasné bankovky"></a><ul><li class="clearfix"><a href="/euro/banknotes/current/denominations/html/index.sk.html">Nominálne hodnoty</a></li><li class="clearfix"><a href="/euro/banknotes/current/design/html/index.sk.html">Prvky dizajnu</a></li><li class="clearfix"><a href="/euro/banknotes/current/security/html/index.sk.html">Ochranné prvky</a></li></ul></li><li class="clearfix"><a href="/euro/banknotes/ac/html/index.sk.html">Opatrenia proti falšovaniu peňazí</a></li><li class="clearfix"><a href="/euro/banknotes/production/html/index.sk.html">Výroba a zásoby bankoviek</a></li><li class="clearfix"><a href="/euro/banknotes/damaged/html/index.sk.html">Poškodené a atramentom znečistené bankovky</a></li><li class="has-subpages"><a href="/euro/banknotes/environmental/html/index.sk.html">Životné prostredie, zdravie a bezpečnosť</a><a href="#" class="subpages" title="toggle subpages for Životné prostredie, zdravie a bezpečnosť"></a><ul><li class="clearfix"><a href="/euro/banknotes/environmental/pef/html/index.sk.html">Environmentálna stopa výrobku</a></li></ul></li><li class="clearfix"><a href="/euro/banknotes/research/html/index.sk.html">Výskum a vývoj</a></li><li class="clearfix"><a href="/euro/banknotes/images/html/index.sk.html">Obrazové predlohy a pravidlá reprodukcie</a></li><li class="clearfix"><a href="/euro/banknotes/info/html/index.sk.html">Informačné a vzdelávacie materiály</a></li></ul></li><li class="has-subpages"><a href="/euro/coins/html/index.sk.html">Mince</a><a href="#" class="subpages" title="toggle subpages for Mince"></a><ul><li class="clearfix"><a href="/euro/coins/2euro/html/index.sk.html">2 €</a></li><li class="clearfix"><a href="/euro/coins/1euro/html/index.sk.html">1 €</a></li><li class="clearfix"><a href="/euro/coins/50cents/html/index.sk.html">50 centov</a></li><li class="clearfix"><a href="/euro/coins/20cents/html/index.sk.html">20 centov</a></li><li class="clearfix"><a href="/euro/coins/10cents/html/index.sk.html">10 centov</a></li><li class="clearfix"><a href="/euro/coins/5cents/html/index.sk.html">5 centov</a></li><li class="clearfix"><a href="/euro/coins/2cents/html/index.sk.html">2 centy</a></li><li class="clearfix"><a href="/euro/coins/1cent/html/index.sk.html">1 cent</a></li><li class="clearfix"><a href="/euro/coins/common/html/index.sk.html">Spoločná strana</a></li><li class="clearfix"><a href="/euro/coins/comm/html/index.sk.html">Pamätné mince 2 €</a></li><li class="clearfix"><a href="/euro/coins/security/html/index.sk.html">Ochranné prvky</a></li><li class="clearfix"><a href="/euro/coins/collect/html/index.sk.html">Zberateľské mince</a></li></ul></li><li class="has-subpages"><a href="/euro/changeover/html/index.sk.html">Prechod na novú menu</a><a href="#" class="subpages" title="toggle subpages for Prechod na novú menu"></a><ul><li class="clearfix"><a href="/euro/changeover/croatia/html/index.sk.html">Chorvátsko (2023)</a></li><li class="clearfix"><a href="/euro/changeover/lithuania/html/index.sk.html">Litva (2015)</a></li><li class="clearfix"><a href="/euro/changeover/latvia/html/index.sk.html">Lotyšsko (2014)</a></li><li class="clearfix"><a href="/euro/changeover/estonia/html/index.sk.html">Estónsko (2011)</a></li><li class="clearfix"><a href="/euro/changeover/slovakia/html/index.sk.html">Slovensko (2009)</a></li><li class="clearfix"><a href="/euro/changeover/cyprus/html/index.sk.html">Cyprus (2008)</a></li><li class="clearfix"><a href="/euro/changeover/malta/html/index.sk.html">Malta (2008)</a></li><li class="clearfix"><a href="/euro/changeover/slovenia/html/index.sk.html">Slovinsko (2007)</a></li><li class="clearfix"><a href="/euro/changeover/2002/html/index.sk.html">Zavedenie eura v roku 2002</a></li></ul></li><li class="has-subpages"><a href="/euro/exchange/html/index.sk.html">Výmena národných peňazí</a><a href="#" class="subpages" title="toggle subpages for Výmena národných peňazí"></a><ul><li class="clearfix"><a href="/euro/exchange/au/html/index.sk.html">Rakúsko</a></li><li class="clearfix"><a href="/euro/exchange/be/html/index.sk.html">Belgicko</a></li><li class="clearfix"><a href="/euro/exchange/hr/html/index.sk.html">Chorvátsko</a></li><li class="clearfix"><a href="/euro/exchange/cy/html/index.sk.html">Cyprus</a></li><li class="clearfix"><a href="/euro/exchange/et/html/index.sk.html">Estónsko</a></li><li class="clearfix"><a href="/euro/exchange/fi/html/index.sk.html">Fínsko</a></li><li class="clearfix"><a href="/euro/exchange/fr/html/index.sk.html">Francúzsko</a></li><li class="clearfix"><a href="/euro/exchange/de/html/index.sk.html">Nemecko</a></li><li class="clearfix"><a href="/euro/exchange/gr/html/index.sk.html">Grécko</a></li><li class="clearfix"><a href="/euro/exchange/ir/html/index.sk.html">Írsko</a></li><li class="clearfix"><a href="/euro/exchange/it/html/index.sk.html">Taliansko</a></li><li class="clearfix"><a href="/euro/exchange/lv/html/index.sk.html">Lotyšsko</a></li><li class="clearfix"><a href="/euro/exchange/lt/html/index.sk.html">Litva</a></li><li class="clearfix"><a href="/euro/exchange/lu/html/index.sk.html">Luxembursko</a></li><li class="clearfix"><a href="/euro/exchange/mt/html/index.sk.html">Malta</a></li><li class="clearfix"><a href="/euro/exchange/nl/html/index.sk.html">Holandsko</a></li><li class="clearfix"><a href="/euro/exchange/pt/html/index.sk.html">Portugalsko</a></li><li class="clearfix"><a href="/euro/exchange/slovakia/html/index.sk.html">Slovensko</a></li><li class="clearfix"><a href="/euro/exchange/sl/html/index.sk.html">Slovinsko</a></li><li class="clearfix"><a href="/euro/exchange/es/html/index.sk.html">Španielsko</a></li></ul></li><li class="clearfix"><a href="/euro/visually/html/index.sk.html">Pre zrakovo postihnutých</a></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/pub/html/index.sk.html">Výskum</a><a href="#" class="subpages" title="toggle subpages for Výskum"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Výskum</div> <p>Podrobné &scaron;túdie a odborné analýzy zamerané na rôzne témy a oblasti</p><a href="/pub/html/index.en.html">Prehľad o výskume ECB</a> <hr> <div class="nav-title">Užitočné odkazy</div> <ul>  <li><a href="/press/conferences/html/index.en.html">Konferencie a semináre</a></li> <li><a href="/pub/economic-research/programmes/html/index.en.html">Príležitosti pre výskumných pracovníkov</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">Výskumný bulletin</div> </a></div></div><ul><li class="has-subpages"><a href="/pub/economic-research/html/index.sk.html">Ekonomický výskum</a><a href="#" class="subpages" title="toggle subpages for Ekonomický výskum"></a><ul><li class="has-subpages"><a href="/pub/economic-research/research_agenda/html/index.sk.html">Program výskumu</a><a href="#" class="subpages" title="toggle subpages for Program výskumu"></a><ul><li class="clearfix"><a href="/pub/economic-research/research_agenda/monetary_policy/html/index.sk.html">Menová politika, stratégia a výkon</a></li><li class="clearfix"><a href="/pub/economic-research/research_agenda/fiscal_policy/html/index.sk.html">Rozpočtová politika a riadenie v rámci HMÚ</a></li><li class="clearfix"><a href="/pub/economic-research/research_agenda/international/html/index.sk.html">Medzinárodné makroekonomické prostredie a financie</a></li><li class="clearfix"><a href="/pub/economic-research/research_agenda/real_sector/html/index.sk.html">Sektor reálnej ekonomiky a mikroekonomická analýza</a></li><li class="clearfix"><a href="/pub/economic-research/research_agenda/forecasting/html/index.sk.html">Prognózovanie a analýza hospodárskeho cyklu</a></li><li class="clearfix"><a href="/pub/economic-research/research_agenda/macro-finance/html/index.sk.html">Makrofinančné prostredie, systémové riziko a makroprudenciálna politika</a></li><li class="clearfix"><a href="/pub/economic-research/research_agenda/financial_institutions/html/index.sk.html">Finančné inštitúcie, mikroprudenciálna politika, finančné trhy a platobný styk</a></li></ul></li><li class="has-subpages"><a href="/pub/economic-research/programmes/html/index.sk.html">Príležitosti v oblasti výskumu</a><a href="#" class="subpages" title="toggle subpages for Príležitosti v oblasti výskumu"></a><ul><li class="clearfix"><a href="/pub/economic-research/programmes/duisenberg/html/index.sk.html">Štipendium Wima Duisenberga</a></li><li class="clearfix"><a href="/pub/economic-research/programmes/visitors/html/index.sk.html">Pravidelné návštevy</a></li><li class="clearfix"><a href="/pub/economic-research/programmes/lamfalussy/html/index.sk.html">Lamfalussyho štipendium</a></li><li class="clearfix"><a href="/pub/economic-research/programmes/graduate/html/index.sk.html">Letný absolventský výskumný program</a></li><li class="clearfix"><a href="/pub/economic-research/programmes/traineeship/html/index.sk.html">Program výskumných stáží pre študentov</a></li></ul></li></ul></li><li class="has-subpages"><a href="/pub/legal-research/html/index.sk.html">Právny výskum</a><a href="#" class="subpages" title="toggle subpages for Právny výskum"></a><ul><li class="clearfix"><a href="/pub/legal-research/legal-conferences-and-seminars/html/index.sk.html">Právne konferencie a semináre</a></li><li class="clearfix"><a href="/pub/legal-research/legal-research-programme/html/index.sk.html">Program právneho výskumu</a></li></ul></li><li class="has-subpages"><a href="/pub/research/html/index.sk.html">Výskumné štúdie</a><a href="#" class="subpages" title="toggle subpages for Výskumné štúdie"></a><ul><li class="clearfix"><a href="/pub/research/authors/html/index.sk.html">Štúdie podľa autorov</a></li></ul></li><li class="clearfix"><a href="/pub/researchers/html/index.sk.html">Výskumní pracovníci ECB</a></li><li class="clearfix"><a href="/pub/research-networks/html/index.sk.html">Výskumné siete</a></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/press/html/index.sk.html">Správy a publikácie</a><a href="#" class="subpages" title="toggle subpages for Správy a publikácie"></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">Správy a publikácie</div><a href="/press/pubbydate/html/index.en.html">Zoznam v&scaron;etkých správ a publikácií</a><hr> </div> </div><ul><li><span>Správy</span></li><li><a href="/press/pr/html/index.sk.html">Tlačové správy</a></li><li><a href="/press/stats/html/index.sk.html">Štatistické tlačové správy</a></li><li><a href="/press/key/html/index.sk.html">Prejavy</a></li><li><a href="/press/inter/html/index.sk.html">Rozhovory</a></li><li><a href="/press/blog/html/index.sk.html">Blog ECB</a></li><li><a href="/press/tvservices/html/index.sk.html">Podcasty a webcasty</a></li><li><a href="/press/intro/html/index.sk.html">Novinky a podujatia v oblasti platobného styku</a></li><li><a href="/press/contacts/html/index.sk.html">Kontakty pre médiá</a></li></ul></div><ul><li class="clearfix"><span>Publikácie</span></li><li class="has-subpages"><a href="/press/govcdec/html/index.sk.html">Rozhodnutia Rady guvernérov</a><a href="#" class="subpages" title="toggle subpages for Rozhodnutia Rady guvernérov"></a><ul><li class="clearfix"><a href="/press/govcdec/mopo/html/index.sk.html">Rozhodnutia o menovej politike</a></li><li class="clearfix"><a href="/press/govcdec/otherdec/html/index.sk.html">Iné rozhodnutia</a></li></ul></li><li class="clearfix"><a href="/press/accounts/html/index.sk.html">Správy z menovopolitických zasadaní</a></li><li class="has-subpages"><a href="/press/economic-bulletin/html/index.sk.html">Ekonomický bulletin</a><a href="#" class="subpages" title="toggle subpages for Ekonomický bulletin"></a><ul><li class="clearfix"><a href="/press/economic-bulletin/articles/html/index.sk.html">Články</a></li><li class="clearfix"><a href="/press/economic-bulletin/focus/html/index.sk.html">Tematika</a></li><li class="clearfix"><a href="/press/economic-bulletin/mb/html/index.sk.html">Mesačný bulletin</a></li></ul></li><li class="clearfix"><a href="/press/projections/html/index.sk.html">Makroekonomické projekcie</a></li><li class="has-subpages"><a href="/press/annual-reports-financial-statements/html/index.sk.html">Výročné správy a finančné výkazy</a><a href="#" class="subpages" title="toggle subpages for Výročné správy a finančné výkazy"></a><ul><li class="has-subpages"><a href="/press/annual-reports-financial-statements/annual/html/index.sk.html">Výročná správa</a><a href="#" class="subpages" title="toggle subpages for Výročná správa"></a><ul><li class="clearfix"><a href="/press/annual-reports-financial-statements/annual/annual-accounts/html/index.sk.html">Ročná účtovná závierka</a></li><li class="has-subpages"><a href="/press/annual-reports-financial-statements/annual/balance/html/index.sk.html">Súvaha Eurosystému</a><a href="#" class="subpages" title="toggle subpages for Súvaha Eurosystému"></a><ul><li class="clearfix"><a href="/press/annual-reports-financial-statements/annual/balance/mpo/html/index.sk.html">Operácie menovej politiky</a></li></ul></li></ul></li><li class="has-subpages"><a href="/press/annual-reports-financial-statements/wfs/html/index.sk.html">Týždenné finančné výkazy</a><a href="#" class="subpages" title="toggle subpages for Týždenné finančné výkazy"></a><ul><li class="clearfix"><a href="/press/annual-reports-financial-statements/wfs/dis/html/index.sk.html">Disagregované údaje</a></li></ul></li></ul></li><li class="has-subpages"><a href="/press/financial-stability-publications/html/index.sk.html">Publikácie z oblasti finančnej stability</a><a href="#" class="subpages" title="toggle subpages for Publikácie z oblasti finančnej stability"></a><ul><li class="has-subpages"><a href="/press/financial-stability-publications/fsr/html/index.sk.html">Financial Stability Review</a><a href="#" class="subpages" title="toggle subpages for Financial Stability Review"></a><ul><li class="clearfix"><a href="/press/financial-stability-publications/fsr/special/html/index.sk.html">Osobitné témy</a></li></ul></li><li class="clearfix"><a href="/press/financial-stability-publications/macroprudential-bulletin/html/index.sk.html">Macroprudential Bulletin</a></li></ul></li><li class="has-subpages"><a href="/press/research-publications/html/index.sk.html">Výskumné publikácie</a><a href="#" class="subpages" title="toggle subpages for Výskumné publikácie"></a><ul><li class="clearfix"><a href="/press/research-publications/resbull/html/index.sk.html">Research Bulletin</a></li><li class="clearfix"><a href="/press/research-publications/working-papers/html/index.sk.html">Working papers</a></li><li class="clearfix"><a href="/press/research-publications/discussion-papers/html/index.sk.html">Discussion papers</a></li><li class="clearfix"><a href="/press/research-publications/occasional-papers/html/index.sk.html">Occasional papers</a></li><li class="clearfix"><a href="/press/research-publications/legal-working-papers/html/index.sk.html">Legal working papers</a></li><li class="clearfix"><a href="/press/research-publications/statistics-papers/html/index.sk.html">Statistics papers</a></li></ul></li><li class="has-subpages"><a href="/press/other-publications/html/index.sk.html">Ostatné publikácie</a><a href="#" class="subpages" title="toggle subpages for Ostatné publikácie"></a><ul><li class="clearfix"><a href="/press/other-publications/mep-letters/html/index.sk.html">Listy poslancom Európskeho parlamentu</a></li><li class="clearfix"><a href="/press/other-publications/convergence/html/index.sk.html">Konvergenčná správa</a></li><li class="clearfix"><a href="/press/other-publications/ire/html/index.sk.html">Medzinárodné postavenie eura</a></li></ul></li><li class="clearfix"><span>Udalosti a kalendáre</span></li><li class="has-subpages"><a href="/press/press_conference/html/index.sk.html">Tlačová konferencia o menovej politike</a><a href="#" class="subpages" title="toggle subpages for Tlačová konferencia o menovej politike"></a><ul><li class="clearfix"><a href="/press/press_conference/monetary-policy-statement/html/index.sk.html">Vyhlásenia o menovej politike</a></li><li class="clearfix"><a href="/press/press_conference/visual-mps/html/index.sk.html">Vyhlásenia o menovej politike v skratke</a></li></ul></li><li class="has-subpages"><a href="/press/conferences/html/index.sk.html">Konferencie a semináre</a><a href="#" class="subpages" title="toggle subpages for Konferencie a semináre"></a><ul><li class="has-subpages"><a href="/press/conferences/ecbforum/html/index.sk.html">Fórum o centrálnom bankovníctve</a><a href="#" class="subpages" title="toggle subpages for Fórum o centrálnom bankovníctve"></a><ul><li class="clearfix"><a href="/press/conferences/ecbforum/YE_competition/html/index.sk.html">Cena pre mladých ekonómov</a></li><li class="clearfix"><a href="/press/conferences/ecbforum/previous_fora/html/index.sk.html">Minulé podujatia</a></li></ul></li><li class="clearfix"><a href="/press/conferences/civil_society_engagement/html/index.sk.html">Občianska spoločnosť</a></li></ul></li><li class="has-subpages"><a href="/press/calendars/html/index.sk.html">Kalendáre</a><a href="#" class="subpages" title="toggle subpages for Kalendáre"></a><ul><li class="clearfix"><a href="/press/calendars/weekly/html/index.sk.html">Týždenný rozvrh</a></li><li class="clearfix"><a href="/press/calendars/mgcgc/html/index.sk.html">Zasadania Rady guvernérov a Generálnej rady</a></li><li class="has-subpages"><a href="/press/calendars/statscal/html/index.sk.html">Štatistický kalendár</a><a href="#" class="subpages" title="toggle subpages for Štatistický kalendár"></a><ul><li class="clearfix"><a href="/press/calendars/statscal/mfm/html/index.sk.html">Peňažné, bankové a finančné trhy</a></li><li class="clearfix"><a href="/press/calendars/statscal/eaa/html/index.sk.html">Hospodársky a finančný vývoj v eurozóne podľa inštitucionálneho sektora</a></li><li class="clearfix"><a href="/press/calendars/statscal/ext/html/index.sk.html">Externé transakcie a pozície</a></li><li class="clearfix"><a href="/press/calendars/statscal/ges/html/index.sk.html">Ceny, produkcia, dopyt a práca</a></li><li class="clearfix"><a href="/press/calendars/statscal/gf/html/index.sk.html">Financie verejnej správy</a></li><li class="clearfix"><a href="/press/calendars/statscal/sps/html/index.sk.html">Štatistika dohľadu a prudenciálna štatistika</a></li></ul></li><li class="clearfix"><a href="/press/calendars/caleu/html/index.sk.html">Tendrové operácie Eurosystému</a></li><li class="clearfix"><a href="/press/calendars/reserve/html/index.sk.html">Udržiavacie obdobie povinných minimálnych rezerv</a></li></ul></li></ul></div></li><li class="clearfix -ssm" aria-expanded="false"><a href="https://www.bankingsupervision.europa.eu/home/html/index.sk.html">Bankový dohľad<i class="external"></i></a></li></ul></div><div id="topnav"><ul><li class="has-subpages" aria-expanded="false"><a href="/ecb/html/index.sk.html">O nás</a><a href="#" class="subpages" title="toggle subpages for O nás"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"> <div class="item"> <div class="title">O nás</div> <hr> </div> </div></div><ul><li class="clearfix"><a href="/ecb/all-about-us/html/index.sk.html">Všetko o nás</a></li><li class="has-subpages"><a href="/ecb/decisions/html/index.sk.html">Naše vedenie</a><a href="#" class="subpages" title="toggle subpages for Naše vedenie"></a><ul><li class="clearfix"><a href="/ecb/decisions/eb/html/index.sk.html">Výkonná rada</a></li><li class="clearfix"><a href="/ecb/decisions/govc/html/index.sk.html">Rada guvernérov</a></li><li class="clearfix"><a href="/ecb/decisions/genc/html/index.sk.html">Generálna rada</a></li><li class="clearfix"><a href="/ecb/decisions/ssm/html/index.sk.html">Rada pre dohľad</a></li></ul></li><li class="has-subpages"><a href="/ecb/orga/html/index.sk.html">Organizácia</a><a href="#" class="subpages" title="toggle subpages for Organizácia"></a><ul><li class="has-subpages"><a href="/ecb/orga/escb/html/index.sk.html">ECB, ESCB a Eurosystém</a><a href="#" class="subpages" title="toggle subpages for ECB, ESCB a Eurosystém"></a><ul><li class="clearfix"><a href="/ecb/orga/escb/ecb-mission/html/index.sk.html">Úloha ECB</a></li><li class="clearfix"><a href="/ecb/orga/escb/eurosystem-mission/html/index.sk.html">Úloha Eurosystému</a></li><li class="clearfix"><a href="/ecb/orga/escb/strategic-intents/html/index.sk.html">Strategické zámery</a></li><li class="clearfix"><a href="/ecb/orga/escb/organisational-principles/html/index.sk.html">Organizačné zásady</a></li></ul></li><li class="has-subpages"><a href="/ecb/orga/tasks/html/index.sk.html">Úlohy</a><a href="#" class="subpages" title="toggle subpages for Úlohy"></a><ul><li class="clearfix"><a href="/ecb/orga/tasks/monpol/html/index.sk.html">Menová politika</a></li><li class="clearfix"><a href="/ecb/orga/tasks/statistics/html/index.sk.html">Štatistika</a></li><li class="has-subpages"><a href="/ecb/orga/tasks/stability/html/index.sk.html">Finančná stabilita a makroprudenciálna politika</a><a href="#" class="subpages" title="toggle subpages for Finančná stabilita a makroprudenciálna politika"></a><ul><li class="clearfix"><a href="/ecb/orga/tasks/stability/tasks/html/index.sk.html">Naše úlohy</a></li><li class="clearfix"><a href="/ecb/orga/tasks/stability/strategy/html/index.sk.html">Stratégia</a></li><li class="clearfix"><a href="/ecb/orga/tasks/stability/framework/html/index.sk.html">Inštitucionálny rámec</a></li></ul></li><li class="clearfix"><a href="/ecb/orga/tasks/euro/html/index.sk.html">Bankovky</a></li><li class="clearfix"><a href="/ecb/orga/tasks/paym/html/index.sk.html">Platobný styk a cenné papiere</a></li><li class="has-subpages"><a href="/ecb/orga/tasks/europe/html/index.sk.html">Európske vzťahy</a><a href="#" class="subpages" title="toggle subpages for Európske vzťahy"></a><ul><li class="clearfix"><a href="/ecb/orga/tasks/europe/cooperation/html/index.sk.html">Európska spolupráca</a></li><li class="clearfix"><a href="/ecb/orga/tasks/europe/emu/html/index.sk.html">Správa ekonomických záležitostí HMÚ</a></li></ul></li><li class="has-subpages"><a href="/ecb/orga/tasks/international/html/index.sk.html">Medzinárodné záležitosti</a><a href="#" class="subpages" title="toggle subpages for Medzinárodné záležitosti"></a><ul><li class="clearfix"><a href="/ecb/orga/tasks/international/institutions/html/index.sk.html">Medzinárodné vzťahy a analýzy</a></li><li class="clearfix"><a href="/ecb/orga/tasks/international/financialarchitecture/html/index.sk.html">Medzinárodná spolupráca centrálnych bánk</a></li></ul></li><li class="clearfix"><a href="/ecb/orga/tasks/reserves/html/index.sk.html">Devízové rezervy a vlastné zdroje</a></li><li class="clearfix"><a href="/ecb/orga/tasks/forex/html/index.sk.html">Devízové operácie</a></li></ul></li><li class="clearfix"><a href="/ecb/orga/orgachart/html/index.sk.html">Organizačná štruktúra ECB</a></li><li class="clearfix"><a href="/ecb/orga/capital/html/index.sk.html">Upisovanie základného imania</a></li><li class="clearfix"><a href="/ecb/orga/governance/html/index.sk.html">Riadenie</a></li></ul></li><li class="has-subpages"><a href="/ecb/our-values/html/index.sk.html">Naše hodnoty</a><a href="#" class="subpages" title="toggle subpages for Naše hodnoty"></a><ul><li class="clearfix"><a href="/ecb/our-values/independence/html/index.sk.html">Nezávislosť</a></li><li class="clearfix"><a href="/ecb/our-values/transparency/html/index.sk.html">Transparentnosť</a></li><li class="clearfix"><a href="/ecb/our-values/accountability/html/index.sk.html">Zodpovednosť</a></li><li class="has-subpages"><a href="/ecb/our-values/ethics/html/index.sk.html">Etické konanie – pracovná integrita</a><a href="#" class="subpages" title="toggle subpages for Etické konanie – pracovná integrita"></a><ul><li class="clearfix"><a href="/ecb/our-values/ethics/enmo/html/index.sk.html">Etická sieť multilaterálnych organizácií (ENMO)</a></li></ul></li></ul></li><li class="has-subpages"><a href="/ecb/history-arts-culture/html/index.sk.html">Naša história, umenie a kultúra</a><a href="#" class="subpages" title="toggle subpages for Naša história, umenie a kultúra"></a><ul><li class="has-subpages"><a href="/ecb/history-arts-culture/history/html/index.sk.html">História</a><a href="#" class="subpages" title="toggle subpages for História"></a><ul><li class="clearfix"><a href="/ecb/history-arts-culture/history/25-year-anniversary-of-the-ecb/html/index.sk.html">25 rokov ECB</a></li><li class="clearfix"><a href="/ecb/history-arts-culture/history/emu/html/index.sk.html">Hospodárska a menová únia</a></li><li class="clearfix"><a href="/ecb/history-arts-culture/history/enlargement/html/index.sk.html">Rozširovanie EÚ</a></li><li class="clearfix"><a href="/ecb/history-arts-culture/history/ec/html/index.sk.html">Európska únia</a></li></ul></li><li class="has-subpages"><a href="/ecb/history-arts-culture/archives/html/index.sk.html">Archív</a><a href="#" class="subpages" title="toggle subpages for Archív"></a><ul><li class="clearfix"><a href="/ecb/history-arts-culture/archives/cog/html/index.sk.html">Výbor guvernérov</a></li><li class="clearfix"><a href="/ecb/history-arts-culture/archives/emcf/html/index.sk.html">Európsky fond pre menovú spoluprácu</a></li><li class="clearfix"><a href="/ecb/history-arts-culture/archives/delors/html/index.sk.html">Delorsov výbor</a></li><li class="clearfix"><a href="/ecb/history-arts-culture/archives/emi/html/index.sk.html">Európsky menový inštitút</a></li><li class="clearfix"><a href="/ecb/history-arts-culture/archives/european/html/index.sk.html">Európska centrálna banka</a></li></ul></li><li class="clearfix"><a href="/ecb/history-arts-culture/artsculture/html/index.sk.html">Umenie a kultúra</a></li></ul></li><li class="has-subpages"><a href="/ecb/legal/html/index.sk.html">Právny rámec</a><a href="#" class="subpages" title="toggle subpages for Právny rámec"></a><ul><li class="clearfix"><a href="/ecb/legal/faqs/html/index.sk.html">EUR-Lex: najčastejšie otázky</a></li><li class="clearfix"><a href="/ecb/legal/fsla/html/index.sk.html">Inštitucionálny rámec</a></li></ul></li><li class="has-subpages"><a href="/ecb/climate/html/index.sk.html">Klimatické zmeny z pohľadu ECB</a><a href="#" class="subpages" title="toggle subpages for Klimatické zmeny z pohľadu ECB"></a><ul><li class="clearfix"><a href="/ecb/climate/our-climate-and-nature-plan/html/index.sk.html">Plán v oblasti klimatických zmien a prírody</a></li><li class="clearfix"><a href="/ecb/climate/climate-related-financial-disclosures/html/index.sk.html">Zverejňovanie klimatických finančných informácií</a></li><li class="clearfix"><a href="/ecb/climate/managing_mitigating_climatel_risk/html/index.sk.html">Riadenie klimatických rizík</a></li><li class="clearfix"><a href="/ecb/climate/green_transition/html/index.sk.html">Podpora ekologickej transformácie</a></li><li class="clearfix"><a href="/ecb/climate/wider_action/html/index.sk.html">Zvyšovanie angažovanosti</a></li><li class="clearfix"><a href="/ecb/climate/our_approach/html/index.sk.html">Náš prístup</a></li><li class="clearfix"><a href="/ecb/climate/green/html/index.sk.html">Ochrana životného prostredia</a></li><li class="clearfix"><a href="/ecb/climate/climate/html/index.sk.html">Medzery v poistnej ochrane pred klimatickými rizikami</a></li></ul></li><li class="clearfix"><a href="/ecb/sanctions/html/index.sk.html">Sankcie ECB</a></li><li class="has-subpages"><a href="/ecb/jobsproc/html/index.sk.html">Obstarávanie</a><a href="#" class="subpages" title="toggle subpages for Obstarávanie"></a><ul><li class="clearfix"><a href="/ecb/jobsproc/tenders/html/index.sk.html">Výberové konania</a></li><li class="clearfix"><a href="/ecb/jobsproc/archive/html/index.sk.html">Archív</a></li><li class="clearfix"><a href="/ecb/jobsproc/sourcing/html/index.sk.html">Elektronický systém obstarávania</a></li></ul></li><li class="has-subpages"><a href="/ecb/access_to_documents/html/index.sk.html">Prístup k dokumentom</a><a href="#" class="subpages" title="toggle subpages for Prístup k dokumentom"></a><ul><li class="clearfix"><a href="/ecb/access_to_documents/document/html/index.sk.html">Verejný register dokumentov</a></li></ul></li><li class="has-subpages"><a href="/ecb/contacts/html/index.sk.html">Kontakty</a><a href="#" class="subpages" title="toggle subpages for Kontakty"></a><ul><li class="clearfix"><a href="/ecb/contacts/address/html/index.sk.html">Adresa</a></li><li class="clearfix"><a href="/ecb/contacts/working-hours/html/index.sk.html">Sviatky ECB</a></li></ul></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/ecb-and-you/html/index.sk.html">ECB a vy</a><a href="#" class="subpages" title="toggle subpages for ECB a vy"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"> <div class="item"> <div class="title">ECB a vy</div> <hr> </div> </div></div><ul><li class="clearfix"><a href="/ecb-and-you/educational/html/index.sk.html">ECB a vy: najdôležitejšie informácie</a></li><li class="clearfix"><a href="/ecb-and-you/explainers/html/index.sk.html">ECB vysvetľuje</a></li><li class="clearfix"><a href="/ecb-and-you/test-your-knowledge/html/index.sk.html">Otestujte si svoje znalosti</a></li><li class="has-subpages"><a href="/ecb-and-you/youth-initiatives/html/index.sk.html">Priestor pre mladých</a><a href="#" class="subpages" title="toggle subpages for Priestor pre mladých"></a><ul><li class="clearfix"><a href="/ecb-and-you/youth-initiatives/girls_it_bootcamp/html/index.sk.html">Počítačový tábor pre dievčatá</a></li></ul></li><li class="clearfix"><a href="/ecb-and-you/financial_literacy_europe/html/index.sk.html">Financial literacy in Europe</a></li><li class="clearfix"><a href="/ecb-and-you/everyone-needs-stability/html/index.sk.html">Všetci potrebujeme stabilitu</a></li><li class="clearfix"><a href="/ecb-and-you/ecb_and_you/html/index.sk.html">Podujatia „ECB a vy“</a></li><li class="clearfix"><a href="/ecb-and-you/ask_us/html/index.sk.html">Opýtajte sa nás</a></li><li class="has-subpages"><a href="/ecb-and-you/visits/html/index.sk.html">Navštívte nás</a><a href="#" class="subpages" title="toggle subpages for Navštívte nás"></a><ul><li class="clearfix"><a href="/ecb-and-you/visits/premises/html/index.sk.html">Hlavná budova</a></li></ul></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/careers/html/index.sk.html">Kariéra</a><a href="#" class="subpages" title="toggle subpages for Kariéra"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"> <div class="item"> <div class="title">Kariéra</div> <hr> </div> </div></div><ul><li class="clearfix"><a href="/careers/all-about-careers/html/index.sk.html">Kariéra: najdôležitejšie informácie</a></li><li class="clearfix"><a href="/careers/vacancies/html/index.sk.html">Voľné miesta</a></li><li class="has-subpages"><a href="/careers/working-at-the-ecb/html/index.sk.html">O nás</a><a href="#" class="subpages" title="toggle subpages for O nás"></a><ul><li class="clearfix"><a href="/careers/working-at-the-ecb/about/html/index.sk.html">O ECB</a></li><li class="clearfix"><a href="/careers/working-at-the-ecb/employee-portraits/html/index.sk.html">Zoznámte sa s našimi zamestnancami</a></li><li class="clearfix"><a href="/careers/working-at-the-ecb/life-in-frankfurt/html/index.sk.html">Život vo Frankfurte</a></li></ul></li><li class="has-subpages"><a href="/careers/why-we-value-diversity/html/index.sk.html">Prečo si vážime diverzitu</a><a href="#" class="subpages" title="toggle subpages for Prečo si vážime diverzitu"></a><ul><li class="clearfix"><a href="/careers/why-we-value-diversity/women/html/index.sk.html">Ženy v ECB</a></li><li class="clearfix"><a href="/careers/why-we-value-diversity/diversity-networks/html/index.sk.html">Siete na podporu diverzity</a></li></ul></li><li class="has-subpages"><a href="/careers/what-we-offer/html/index.sk.html">Čo ponúkame</a><a href="#" class="subpages" title="toggle subpages for Čo ponúkame"></a><ul><li class="clearfix"><a href="/careers/what-we-offer/benefits/html/index.sk.html">Výhody a odmeny</a></li><li class="has-subpages"><a href="/careers/what-we-offer/contract/html/index.sk.html">Druhy pracovných zmlúv</a><a href="#" class="subpages" title="toggle subpages for Druhy pracovných zmlúv"></a><ul><li class="clearfix"><a href="/careers/what-we-offer/contract/fixed/html/index.sk.html">Na dobu určitú</a></li><li class="clearfix"><a href="/careers/what-we-offer/contract/short/html/index.sk.html">Krátkodobé</a></li><li class="clearfix"><a href="/careers/what-we-offer/contract/escb/html/index.sk.html">ESCB/IO</a></li><li class="clearfix"><a href="/careers/what-we-offer/contract/other/html/index.sk.html">Iné</a></li></ul></li><li class="clearfix"><a href="/careers/what-we-offer/traineeship/html/index.sk.html">Stáže</a></li><li class="clearfix"><a href="/careers/what-we-offer/graduate/html/index.sk.html">Absolventský program</a></li><li class="clearfix"><a href="/careers/what-we-offer/wecs/html/index.sk.html">Štipendium Ženy v ekonomike</a></li><li class="clearfix"><a href="/careers/what-we-offer/ukrainian-scholarship/html/index.sk.html">Štipendium ECB pre ukrajinských absolventov</a></li></ul></li><li class="has-subpages"><a href="/careers/before-you-apply/html/index.sk.html">Ako sa k nám môžete pridať</a><a href="#" class="subpages" title="toggle subpages for Ako sa k nám môžete pridať"></a><ul><li class="clearfix"><a href="/careers/before-you-apply/how-to-apply/html/index.sk.html">Podanie prihlášky</a></li><li class="clearfix"><a href="/careers/before-you-apply/how-we-hire/html/index.sk.html">Ako prebieha nábor</a></li><li class="has-subpages"><a href="/careers/before-you-apply/newcomers/html/index.sk.html">Čo nasleduje po výbere?</a><a href="#" class="subpages" title="toggle subpages for Čo nasleduje po výbere?"></a><ul><li class="clearfix"><a href="/careers/before-you-apply/newcomers/fixed-term/html/index.sk.html">Zamestnanec na dobu určitú</a></li><li class="clearfix"><a href="/careers/before-you-apply/newcomers/short-term/html/index.sk.html">Zamestnanec s krátkodobou zmluvou</a></li><li class="clearfix"><a href="/careers/before-you-apply/newcomers/trainee/html/index.sk.html">Stážista</a></li><li class="clearfix"><a href="/careers/before-you-apply/newcomers/cost-free/html/index.sk.html">Vyslanec s pokrytými nákladmi</a></li></ul></li></ul></li><li class="clearfix"><a href="/careers/faq/html/index.sk.html">Najčastejšie otázky</a></li></ul></div></li></ul></div></nav> <div id="page-actions"> <div class="ecb-quickSearch" style="width:100%;"> <form role="search" method="get" style="width:100%;display:flex" onsubmit="return false"> <input type="text" name="search" class="addsearch" id="searchInput" maxlength="300" aria-label="Search" alt="Search" autocomplete="off" /> <a href="#" id="searchButton">Search</a> </form> </div> </div> <button id="toggle-mobile-nav" aria-expanded="false" aria-controls="navwrapper"><span class="sr-only">Menu</span></button> </div> <div id="ecb-breadcrumbscontainer"><div id="ecb-breadcrumbwrapper"><nav id="ecb-breadcrumbs"></nav></div></div> </header> <div id="ecb-mainnavwrapper" style="display: none !important;"></div> <div id="addSearch-container-full"> <div class="blue-bg"> <div class="arrow-top"></div> <div class="section filter-radio"> <div class="tabs-container -white-blue"> <input id="searchAll" name="search-tab-group" type="radio" checked="" onClick="ECB.slow.addSearchApi.filterDate(this.value);" value="all"> <label for="searchAll" class="count-hits-all">KEDYKOĽVEK <span class="count-hits"></span></label> <div class="spacer"></div> <input id="searchMonth" name="search-tab-group" type="radio" onClick="ECB.slow.addSearchApi.filterDate(this.value);" value="month"> <label for="searchMonth" class="count-hits-month">MINULÝ MESIAC <span class="count-hits"></span></label> <div class="spacer"></div> <input id="searchYear" name="search-tab-group" type="radio" onClick="ECB.slow.addSearchApi.filterDate(this.value);" value="year"> <label for="searchYear" class="count-hits-year">MINULÝ ROK <span class="count-hits"></span></label> </div> <div class="tabs-search-options-head"> <div id="text-search-options" class="title-option">Možnosti vyhľadávania</div> <div id="text-image-preview" class="title-option hidden">Ukážka</div> </div> </div> <div class="arrow-bottom"></div> <div class="filter-selection form"> <div class="form-content"> <form> <div> <label for="dropdownSuggestions">Zoradiť podľa</label> <div id="dropdownFilter" class="dropdown"><span class="icon"></span><select onchange="ECB.slow.addSearchApi.filterDate(this.value)" id="searchFilterDate"> <option value="all" class="count-hits-all">KEDYKOĽVEK</option> <option value="month" class="count-hits-month">MINULÝ MESIAC</option> <option value="year" class="count-hits-year">MINULÝ ROK</option> </select> </div> </div> <div> <label for="dropdownSuggestions" class="space-top">Návrhy</label> <div id="dropdownSuggestions" class="dropdown"><span class="icon"></span><select onchange="ECB.slow.addSearchApi.initSearch(this.value)" id="searchSuggestion"> <option></option> </select> </div> </div> </form> </div> </div> </div> <div class="white-bg"> <div class="section"> <div class="adsearch-result-shadows" style="display: none;"></div> <div class="result-main-panel"><div id="addsearch-api-results"></div> <div class="addsearch-legends-categories"><span id="adcat_home">Home</span> <span id="adcat_press">Médiá</span> <span id="adcat_explainers">ECB vysvetľuje</span> <span id="adcat_pub">Výskum a publikácie</span> <span id="adcat_stats">&Scaron;tatistika</span> <span id="adcat_mopo">Menová politika</span> <span id="adcat_euro">€uro</span> <span id="adcat_paym">Platobný styk a trhy</span> <span id="adcat_career">Kariéra</span></div> </div> <div class="result-side-panel"> <div id="addsearch-sidemenu"> <div id="result-suggestions"><span>Návrhy</span><div id="suggestions-container"> </div> </div> <div id="result-sortBy"><span>Zoradiť podľa</span><div id="sortby-radio-container"> <div class="addsearch-sortby-radiogroup"> <label> <input id="sort-by-relevance" type="radio" name="sortby-radio-container" onclick="ECB.slow.addSearchApi.sortBy('relevance')" data-field="relevance" data-order="desc" value="" checked="">relevantnosti</label> <label> <input id="sort-by-date" type="radio" name="sortby-radio-container" onclick="ECB.slow.addSearchApi.sortBy('date')" data-field="date" data-order="desc" value="">dátumu</label> </div> </div> </div> </div> <div id="addsearch-image-container"><a href="#" class="no-icon" target="_blank"><img src="" id="addsearch-image" /></a></div> </div> </div> </div> </div> <div id="main-wrapper" > <div class="header fast image-attribution -small" data-image-webp="/paym/shared/img/header.webp" data-image="/paym/shared/img/header.jpg"> <div data-image="/paym/shared/img/header.jpg" data-image-webp="/paym/shared/img/header.webp" ></div> </div> <aside 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">Nie je k dispozícii v slovenčine.</div> <div class="title"> <h1>FAQs - collateral management harmonisation</h1> </div> <div class="section"> <h2>Scope</h2> </div> <div class="accordion"> <div class="header"> <div class="title">Why is the Eurosystem harmonising collateral management processes?</div> </div> <div class="content-box"> <ul> <li>To enhance the safe and efficient settlement of securities and management of collateral</li> <li>To remove barriers and inefficiencies in a holistic, consistent and detailed manner</li> <li>To meet stakeholder demands for further integration of financial markets in Europe, thereby promoting the smooth implementation of monetary policy and ensuring financial stability</li> </ul> </div> <div class="header"> <div class="title">What are the guiding principles for collateral management harmonisation?</div> </div> <div class="content-box"> <ul> <li><strong>Principle 1:</strong> Harmonisation should lead to a single pan-European collateral management rulebook for the interaction of financial market infrastructures and their users, including central banks.</li> <li><strong>Principle 2:</strong> Harmonisation should lead to messaging based on the latest international standards.</li> <li><strong>Principle 3:</strong> Harmonisation should lead to interoperability.</li> <li><strong>Principle 4:</strong> Harmonisation should lead to straight-through processing.</li> <li><strong>Principle 5:</strong> Harmonisation should remove operational impediments to availability, usage and mobility of collateral.</li> </ul> </div> <div class="header"> <div class="title">What is the Single Collateral Rulebook for Europe?</div> </div> <div class="content-box"> <p>The Single Collateral Rulebook for Europe (SCoRE) is an industry-led initiative to define harmonised rules for managing collateral in Europe. The Rulebook is comprised of standards prepared by the Advisory Group on Market Infrastructures for Securities and Collateral (AMI-SeCo).</p> </div> <div class="header"> <div class="title">What standards from the Advisory Group on Market Infrastructures for Securities and Collateral (AMI-SeCo)have already been agreed?</div> </div> <div class="content-box"> <p><a href="/paym/groups/ami/html/index.sk.html" data-label="angličtina">AMI-SeCo</a> standards detailing harmonised business processes, workflows and messaging have already been agreed in the following areas:</p><ul> <li>triparty collateral management;</li> <li>corporate actions for debt instruments;</li> <li>billing processes.</li> </ul> </div> <div class="header"> <div class="title">What topics are still being addressed?</div> </div> <div class="content-box"> <p>Harmonisation work is underway in the following areas (no timelines are available yet):</p><ul> <li>corporate actions for non-debt instruments;</li> <li>taxation processes;</li> <li>bilateral collateral management;</li> <li>margin calls; </li> <li>cut-off times;</li> <li>collateral data;</li> <li>sourcing of collateral;</li> <li>non-euro-denominated collateral.</li> </ul><p>For further information, take a look at the <a href="/paym/target/tips/profuse/shared/pdf/ea6ae-ami-seco-2017-12-07-item-1.3-collateral-management-harmonisation-report.pdf">Report on Collateral Management Harmonisation</a>.</p> </div> <div class="header"> <div class="title">What is the ECMS and what does it have to do with the harmonisation agenda?</div> </div> <div class="content-box"> <p>ECMS stands for the Eurosystem Collateral Management System, which is being set up by the Eurosystem to go live in November 2022. It will replace the individual collateral management systems currently in use by Eurosystem national central banks and will be capable of managing the assets used as collateral in Eurosystem credit operations for all jurisdictions. </p> <a href="/paym/pdf/ECMS_terms_of_reference.pdf">ECMS terms of reference</a> <p>As a general principle, the ECMS will rely on harmonised processes, workflows and messaging. The project will take into account harmonisation standards endorsed by the AMI-SeCo which are relevant for the ECMS (corporate actions, triparty collateral management services, taxation processes and billing processes), as well as any follow-up regarding the work on needs identified with respect to managing Eurosystem-eligible collateral. </p> </div> </div> <div class="section"> <h2>Actors</h2> </div> <div class="accordion"> <div class="header"> <div class="title">What is the Advisory Group on Market Infrastructures for Securities and Collateral and what does it do?</div> </div> <div class="content-box"> <p> The AMI-SeCo is made up of representatives of banks active in the European Union, (international) central securities depositories, central counterparties and national central banks.</p><p>The AMI-SeCo: </p><ul> <li>facilitates an active dialogue with market participants on issues related to the clearing and settlement of securities and to collateral management;</li> <li>has proven its ability to successfully harmonise markets and monitor the implementation of detailed standards (e.g. related to <a href="/paym/target/t2s/html/index.en.html" data-label="angličtina">TARGET2-Securities</a>, or T2S);</li> <li>monitors harmonisation efforts and provides full transparency on the status of implementation efforts on a regular basis. </li> </ul> </div> <div class="header"> <div class="title">What is the AMI-SeCo’s Harmonisation Steering Group and what does it do?</div> </div> <div class="content-box"> <p> AMI-SeCo’s <a href="/paym/target/t2s/governance/html/hsg.en.html" data-label="angličtina">HSG</a> is also made up of representatives of banks active in the European Union, (international) central securities depositories, central counterparties and national central banks. </p><p>The HSG advises the AMI-SeCo on issues related to its securities and collateral management harmonisation agenda.</p> <a href="/paym/target/tips/profuse/shared/pdf/8f422-ami-seco-_2017-03-06_-_07_item_2.3_ami-seco_hsg_mandate.pdf">HSG mandate</a> </div> <div class="header"> <div class="title">What is the Collateral Management Harmonisation Task Force (CMH) and what does it do?</div> </div> <div class="content-box"> <p>The <a href="/paym/target/t2s/governance/html/cmhtf.en.html" data-label="angličtina">CMH</a> is a sub-group of the AMI-SeCo’s Harmonisation Steering Group. It, too, is made up of representatives of banks active in the European Union, (international) central securities depositories, central counterparties and national central banks. </p><p>The CMH: </p><ul> <li>analyses collateral management harmonisation with a view to presenting a detailed list of harmonisation needs and activities;</li> <li>defines harmonised business processes and workflows to address the identified harmonisation needs;</li> <li>identifies how compliance with the new AMI-SeCo standards should be measured. </li> </ul> <a href="/paym/target/tips/profuse/shared/pdf/b65de-cmh-tf-2017-08-24-1st-meeting-ami-seco-hsg-cmh-tf-item-2-cmh-tf-terms-of-reference.pdf">CMH terms of reference</a> </div> </div> <div class="section"> <h2>AMI-SeCo triparty collateral management standards</h2> </div> <div class="accordion"> <div class="header"> <div class="title">What is covered?</div> </div> <div class="content-box"> <p>A common set of processes for the interaction between European triparty service agents and their participants, including the Eurosystem. The triparty standards are part of the Single Collateral Rulebook for Europe.</p> </div> <div class="header"> <div class="title">Are different standards applied to central banks and commercial banks?</div> </div> <div class="content-box"> <p>No. The standards are applicable to the interaction of triparty service agents with both the Eurosystem and commercial banks. </p><p>Some processes are more relevant to central banks, for example:</p><ul> <li>the automated increase process for triparty transaction amounts;</li> <li>operating hours and automated unilateral removal of assets.</li> </ul><p>Other processes are more relevant to commercial banks, for example:</p><ul> <li>the possibility of future date processing;</li> <li>customised baskets agreed between the collateral giver and collateral receiver.</li> </ul> </div> <div class="header"> <div class="title">Do the standards limit triparty agents or their users?</div> </div> <div class="content-box"> <p>No. The standards ensure that triparty service agents (TPAs) offer common processes, workflows and messages for triparty collateral management. There is no restriction on TPAs offering specific market products which are not covered by the standards.</p> </div> <div class="header"> <div class="title">Who needs to implement the standards?</div> </div> <div class="content-box"> <ul> <li>Regulated (international) central securities depositories, custodians or commercial banks that act as providers of triparty services in the European Union and Switzerland</li> <li>Eurosystem central banks</li> <li>Central counterparties active in the European Union and Switzerland</li> </ul> </div> <div class="header"> <div class="title">What is the timeline for implementation?</div> </div> <div class="content-box"> <p>As of November 2022 all triparty service agents are required to offer the harmonised services described in the AMI-SeCo triparty collateral management standards. Eurosystem central banks and central counterparties have to be able to use these services. All messaging between these actors must be able to be processed in ISO 20022 format.</p> </div> <div class="header"> <div class="title">Why use ISO 20022 messaging?</div> </div> <div class="content-box"> <ul> <li>To avoid the need to deal with different messaging standards across Europe</li> <li>To be in line with the overall strategy of establishing an integrated capital markets union</li> <li>To meet upcoming legal requirements</li> <li>To support the needs of treasurers to access detailed information in real time </li> <li>To meet the needs of market stakeholders for automated processing </li> </ul><p>Triparty service agents, Eurosystem central banks and central counterparties will lead by example and introduce triparty services based on ISO 20022 messaging by November 2022.</p> </div> <div class="header"> <div class="title">Will implementation progress be monitored?</div> </div> <div class="content-box"> <p>Yes. Triparty service agents and (international) central securities depositories in the national stakeholder groups will publish implementation plans at the end of September 2019. Monitoring of implementation progress will start as of this date.</p><p>Actors will be monitored at the national level every six months.</p><p>The AMI-SeCo will publicly report on the completion of agreed milestones.</p> </div> <div class="header"> <div class="title">Will the ECMS replace the national triparty services?</div> </div> <div class="content-box"> <p>No. Triparty service agents will continue to offer triparty services to market participants and the Eurosystem. The ECMS will provide a common application which triparty agents can use in their handling of collateral provided by counterparties to the Eurosystem.</p> </div> </div> <div class="section"> <h2>AMI-SeCo corporate actions standards</h2> </div> <div class="accordion"> <div class="header"> <div class="title">What is covered?</div> </div> <div class="content-box"> <p>A common set of rules for corporate action events and business processes for debt instruments. The business processes cover bilateral interactions with the Eurosystem and all interactions with triparty agents.</p><p>Similar AMI-SeCo standards for other instruments (e.g. equities) will be developed in a second stage. </p> </div> <div class="header"> <div class="title">Are the standards in line with existing market practices and standards?</div> </div> <div class="content-box"> <p>Yes. The standards are aligned with the market standards of the Corporate Actions Joint Working Group, but are more granular and detailed. </p><p>The standards of the T2S <a href="/paym/target/t2s/governance/html/casg.en.html" data-label="angličtina">Corporate Actions Sub-group</a> (CASG) have a different scope.</p><p>The AMI-SeCo standards are in line with the existing ISO 20022 messaging standards and market practices defined by the Securities Market Practice Group. </p> </div> <div class="header"> <div class="title">What is the impact on the handling of existing securities?</div> </div> <div class="content-box"> <p>The standards introduce a single harmonised approach for corporate actions, valid both for existing and newly issued securities. Corporate action procedures should also be harmonised for existing securities, as long as this does not contravene local specifications.</p> </div> <div class="header"> <div class="title">Do the standards limit providers or users?</div> </div> <div class="content-box"> <p>No. The standards ensure common processes for a set of corporate action events between post-trade service providers and their users in the context of collateral management. There is no restriction on providers offering specific market products that are not covered by the standards.</p> </div> <div class="header"> <div class="title">Who needs to implement the standards?</div> </div> <div class="content-box"> <ul> <li>(International) central securities depositories ((I)CSDs) acting as issuer and/or investor CSDs in the European Union and Switzerland</li> <li>Providers of triparty services in the European Union and Switzerland</li> <li>Custodians acting as account servicers in the European Union and Switzerland </li> <li>Agents of issuers of debt instruments in the European Union and Switzerland</li> <li>Eurosystem central banks</li> <li>Eurosystem counterparties </li> </ul><p>If assets are held via links, investor (I)CSDs have to ensure that they can handle all corporate action events covered by the standards.</p><p>The asset currency is irrelevant and (I)CSDs that process corporate action payments denominated in a foreign currency should follow the applicable rulebook.</p><p>Other stakeholders, such as collateral providers, collateral receivers, issuers’ agents and data vendors, will also be able to use the common processes in the European Union and Switzerland. </p> </div> <div class="header"> <div class="title">What is the timeline for implementation?</div> </div> <div class="content-box"> <p><strong>November 2022</strong>, with the exception of ISO 20022 messaging, which will be implemented in two waves:</p><ul> <li>Actors involved in Eurosystem credit operations, i.e. (international) central securities depositories, Eurosystem central banks and Eurosystem counterparties, will lead by example and adopt ISO 20022 messaging in Wave 1 by November 2022.</li> <li>Other market participants will adopt the ISO 20022 messaging standard in Wave 2. The AMI-SeCo has not yet confirmed the implementation timeline for Wave 2. </li> </ul> </div> <div class="header"> <div class="title">Will implementation progress be monitored?</div> </div> <div class="content-box"> <p>Yes. Triparty service agents and (international) central securities depositories in the national stakeholder groups will publish adaptation plans in September 2019. Custodians (in their capacity as account servicers) and other stakeholders in the national stakeholder groups will review the adaptation plans and start implementation activities. Monitoring of the implementation progress will start in 2020. </p><p>The AMI-SeCo will publicly report on the completion of agreed milestones.</p> </div> <div class="header"> <div class="title">How does AMI-SeCo’s monitoring fit in with monitoring carried out by other bodies?</div> </div> <div class="content-box"> <p>Monitoring of the standards of various bodies will be conducted separately, but using synergies wherever possible. The reporting timelines and procedures will be aligned. </p> </div> <div class="header"> <div class="title">Will corporate actions be handled by the ECMS?</div> </div> <div class="content-box"> <p>The ECMS is the technical platform that Eurosystem NCBs will use to manage assets eligible as collateral in Eurosystem credit-providing and liquidity-absorbing operations. As such, it will process some categories of corporate action events, based on the AMI-SeCo corporate actions standards. </p><p>Corporate actions will continue to be handled by account servicers (e.g. (I)CSDs, TPAs and custodians), who remain responsible for interacting with account owners (e.g. Eurosystem NCBs and banks). </p> </div> </div> <div class="section"> <h2>AMI-SeCo billing processes standards</h2> </div> <div class="accordion"> <div class="header"> <div class="title">What is covered?</div> </div> <div class="content-box"> <p>A common set of billing processes for services related to securities, custody and collateral management. </p> </div> <div class="header"> <div class="title">Who needs to implement the standards?</div> </div> <div class="content-box"> <ul> <li>(International) central securities depositories ((I)CSDs) acting as issuer and/or investor CSDs in the European Union and Switzerland</li> <li>Providers of triparty services in the European Union and Switzerland</li> <li>Custodians acting as account servicers in the European Union and Switzerland </li> <li>Eurosystem central banks</li> <li>Commercial banks</li> </ul> </div> <div class="header"> <div class="title">What is the timeline for implementation?</div> </div> <div class="content-box"> <p><strong>November 2022</strong>, with the exception of ISO 20022 messaging, which will be implemented in two waves:</p><ul> <li>Actors involved in Eurosystem credit operations, i.e. (international) central securities depositories, Eurosystem central banks and Eurosystem counterparties, as well as all triparty agents, will lead by example and adopt ISO 20022 messaging in Wave 1 by November 2022.</li> <li>Other market participants will adopt the ISO 20022 messaging standard in Wave 2. The AMI-SeCo has not yet confirmed the implementation timeline for Wave 2.</li> </ul> </div> <div class="header"> <div class="title">Why use ISO 20022 messaging?</div> </div> <div class="content-box"> <ul> <li>To avoid the need to handle different messaging standards across Europe</li> <li>To be in line with the overall strategy of establishing an integrated capital markets union</li> <li>To meet current and upcoming legal requirements, for example the reporting requirements for transactions defined in the Regulation on Transparency of Securities Financing Transactions, the European Market Infrastructure Regulation, etc.</li> <li>To meet the needs of market stakeholders for automated and real-time processing </li> </ul> </div> <div class="header"> <div class="title">Will implementation progress be monitored?</div> </div> <div class="content-box"> <p>Yes. Triparty service agents and (international) central securities depositories in the national stakeholder groups will publish adaptation plans in September 2019. Custodians (in their capacity as account servicers) and other stakeholders in the national stakeholder groups will review the adaptation plans and start implementation activities. Monitoring of implementation progress will start in 2020. </p><p>The AMI-SeCo will publicly report on the completion of agreed milestones.</p> </div> </div> <div class="in-this-section" id="pages-in-section-holder"> <h3>V&scaron;etky stránky v tejto sekcii</h3> <div class="content-box"> </div> </div> </main> </div> <div id="feedback" class="hidden"> <div class="content-box"> <div class="initial"> <div class="title">Ste so stránkou spokojní?</div><a class="button -inverted-color" id="feedback-yes">Áno</a> <a class="button -inverted-color" id="feedback-no">Nie</a></div> <div class="second hidden"> <div class="title">Aký je dôvod va&scaron;ej nespokojnosti?</div><a class="button -inverted-color" id="feedback-broken">Nefunkčná stránka</a> <a class="button -inverted-color" id="feedback-content">Neužitočné informácie</a> <a class="button -inverted-color" id="feedback-design">Neatraktívny dizajn</a> <a class="button -inverted-color" id="feedback-other">Iný dôvod</a></div> <div class="final hidden"> <div class="title">Ďakujeme!</div> </div> </div> </div> <footer id="ecb-doc-footer"> <div class="ecb-footerTop"> <div class="sitemap"><a href="/home/sitedir/html/index.en.html" title="Katalóg stránok">Katalóg stránok</a></div> <div class="socialLinks"><a class="inline-link" href="/home/socialmedia/html/index.en.html" title="Oficiálne profily na sociálnych sieťach">SLEDUJTE NÁS</a> <a href="http://twitter.com/ecb" class="twitter" title="X"></a> <a href="https://www.linkedin.com/company/european-central-bank" class="linkedin" title="LinkedIn"></a> <a href="https://www.instagram.com/europeancentralbank/" class="instagram" title="Instagram"></a> <a href="https://www.youtube.com/user/ecbeuro" class="youtube" title="YouTube"></a> <a href="https://www.flickr.com/photos/europeancentralbank/sets/" class="flickr" title="Flickr"></a> <a href="https://soundcloud.com/europeancentralbank" class="soundcloud" title="Soundcloud"></a> <a href="/rss" class="rss" title="Odber správ RSS"></a></div> </div><div class="ecb-footerBottom"><p><span>Copyright 2025, </span>Európska centrálna banka</p> <div class="ecb-serviceNavigation"> <div class="ecb-serviceNavigationBox"> <div class="ecb-serviceNavigationBoxTitle">Užitočné odkazy</div> <div class="ecb-serviceNavigationBoxLinks"> <ul> <li><a href="/careers/vacancies/html/index.en.html">Práca v ECB</a></li> <li><a href="/services/glossary/html/index.en.html">Slovník pojmov</a></li> <li><a href="/services/topics/html/index.sk.html">Témy</a></li> <li><a href="/services/links/html/index.en.html">Ďal&scaron;ie in&scaron;titúcie</a></li> </ul> </div> </div> <div class="ecb-serviceNavigationBox"> <div class="ecb-serviceNavigationBoxTitle">Táto stránka</div> <div class="ecb-serviceNavigationBoxLinks"> <ul> <li><a href="/services/disclaimer/html/index.en.html">Vylúčenie zodpovednosti a autorské práva</a></li> <li><a href="/services/data-protection/privacy-statements/website/html/index.en.html">Vyhlásenie o ochrane osobných údajov</a></li> <li><a href="/services/languagepolicy/html/index.en.html">Jazyková politika</a></li> </ul> </div> </div> <div class="ecb-serviceNavigationBox"> <div class="ecb-serviceNavigationBoxTitle">Interné zásady</div> <div class="ecb-serviceNavigationBoxLinks"> <ul> <li><a href="/services/data-protection/html/index.en.html">Ochrana údajov</a></li> <li><a href="/services/html/accessibility-statement.en.html">Vyhlásenie k bezbariérovému obsahu </a></li> <li><a href="/ecb/access_to_documents/html/index.en.html">Prístup k dokumentom</a></li> </ul> </div> </div> <div class="ecb-serviceNavigationBox"> <div class="ecb-serviceNavigationBoxTitle">Kontakt</div> <div class="ecb-serviceNavigationBoxLinks"> <ul> <li><a href="/services/contacts/html/index.en.html">Kontakty</a></li> <li><a href="/services/contacts/address/html/index.en.html">Adresa</a></li> <li><a href="/services/contacts/working-hours/html/index.en.html">Pracovný čas</a></li> </ul> </div> </div> </div> </div>  </footer> <style> [data-count]{ position: relative; } [data-count]::after{ position: absolute; right: -20px; bottom: 0px; display: block; content: attr(data-count); color: rgba(255, 255, 255, 0.8); text-shadow: 0 0 8px black; font-size: 11px; } body.hideCount [data-count]::after{ display: none; } </style> <script> (function(){ let addedCount = false; let addCount = function(){ let list = document.querySelectorAll("h2,h3,h4,p,a"); for(var i = 0; i < list.length; i++){ let item = list[i]; item.setAttribute("data-count",item.textContent.length); } } document.onkeypress = function(e){ if(e.ctrlKey && e.code == "KeyM"){ if(addedCount){ document.body.classList.add('hideCount'); addedCount = false; }else{ document.body.classList.remove('hideCount'); addCount(); addedCount = true; } } } })(); </script> <link rel="stylesheet" href="/shared/dist/css/print.min.css?2990411" media="print"> <div class="ecb-cookieConsent hidden" id="cookieConsent"> <div class="initial"> <h2>Na&scaron;a internetová stránka používa cookies.</h2> <p>Funkčné cookies používame na ukladanie preferencií používateľov; analytické cookies na zlep&scaron;enie fungovania stránky. Cookies tretích strán sú konfigurované externými poskytovateľmi služieb zakomponovaných do na&scaron;ej stránky.</p> <p>Máte možnosť ich akceptovať alebo zamietnuť. Bliž&scaron;ie informácie a prehľad va&scaron;ich preferencií týkajúcich sa používaných cookies a serverových záznamov nájdete pod nasledujúcimi odkazmi:</p> <p><a href="/services/data-protection/privacy-statements/html/ecb.privacy_statement_website.en.html">Vyhlásenie o ochrane súkromia</a></p> <p><a href="/services/data-protection/privacy-statements/html/ecb.privacy_statement_cookiepolicy.en.html">Viac informácií o používaní cookies</a></p><div class="consentButtons initial cf"><a class="check linkButton linkButtonLarge floatLeft highlight-medium">Rozumiem a akceptujem používanie cookies</a> <a class="cross linkButton linkButtonLarge floatRight highlight-medium">Neakceptujem používanie cookies</a></div> </div> <div class="accepted hidden"> <div style="background-image:url(/shared/nav/svg/cookies_accepted.svg);width:100px;height:100px;margin:auto" class="img"></div> <h2>Ďakujeme!</h2> </div> <div class="refused hidden"> <div style="background-image:url(/shared/nav/svg/cookies_refused.svg);width:100px;height:100px;margin:auto" class="img"></div> <h2>Ďakujeme!</h2> </div> <div class="updated hidden"> <h2>Aktualizovali sme pravidlá ochrany osobných údajov.</h2> <p>V záujme vylep&scaron;ovania tejto internetovej stránky používame anonymné údaje získané pomocou súborov &bdquo;cookie“.<br> <a href="/home/data-protection/privacy-statements/website/html/index.sk.html" class="arrow">Čo sa zmenilo v pravidlách ochrany osobných údajov?</a></p> <div class="consentButtons updated cf"><a class="check linkButton linkButtonLarge floatLeft highlight-medium">Rozumiem a akceptujem používanie cookies</a> <a class="cross linkButton linkButtonLarge floatRight highlight-extra-light">Neakceptujem používanie cookies</a></div> </div> <div class="expired hidden"> <h2>Va&scaron;e nastavenie akceptovania cookies vypr&scaron;alo.</h2> <p>V záujme vylep&scaron;ovania tejto internetovej stránky používame anonymné údaje získané pomocou súborov &bdquo;cookie“.<br> <a href="/home/data-protection/privacy-statements/website/html/index.sk.html" class="arrow">Viac informácií o používaní cookies</a></p> <div class="consentButtons expired cf"><a class="check linkButton linkButtonLarge floatLeft highlight-medium">Rozumiem a akceptujem používanie cookies</a> <a class="cross linkButton linkButtonLarge floatRight highlight-extra-light">Neakceptujem používanie cookies</a></div> </div> </div> <div class="cookieBlockedMessage template hidden"> <div class="cookieBlockedContentHolder"> <div class="mainCookieBlockedMessage">Táto funkcia si vyžaduje cookies.</div><a href="/home/data-protection/privacy-statements/website/html/index.sk.html" class="button">Pravidlá ochrany osobných údajov</a></div> </div> <script src="/shared/js/analytics/pa_events.js?v=2734826" data-siteID="638441" data-collectDomain="https://qfknbhm.pa-cd.com"></script> <script src="/shared/dist/js/ieBlock.min.js" defer></script> </body> </html>