Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

Harmonised processes, procedures and arrangements involved in the mobilisation and management of collateral in Eurosystem credit operations

On 13 August 2024 the Governing Council adopted Guideline ECB/2024/22 on the management of collateral in Eurosystem credit operations and Guideline ECB/2024/23 amending Guideline (EU) 2015/510 on the implementation of the Eurosystem monetary policy framework (ECB/2014/60). Both legal acts will take effect with the launch of the Eurosystem Collateral Management System (ECMS). The Guidelines, together with a related press release and a reference document containing further information for Eurosystem counterparties on the harmonised processes, procedures and arrangements involved in the mobilisation and management of collateral in Eurosystem credit operations, are available on the ECB’s website.