The European Central Bank sets November 2027 for integrating non-financial corporate credit claims into its general collateral framework.
The European Central Bank will permanently integrate portfolios of non-financial corporate credit claims into its general collateral framework, with implementation planned for November 2027. This move concludes the phase-out of temporary crisis-era measures that expanded collateral eligibility for banks.
The decision follows an initial announcement in November 2024 to discontinue the additional credit claim framework. The new rules align portfolio-based corporate loans with existing criteria for individual credit claims but allow a broader range of credit quality steps.
Portfolios of non-financial corporate credit claims consist of loans banks extend to real-economy firms, grouped to secure liquidity from the Eurosystem. The ECB’s Governing Council approved eligibility and risk control measures today.