ECB has published more technical specifications on the temporary expansion of the collateral framework. The specifications look at:

  • governing laws of syndicated loans; 
  • activities of non-financial corporations; 
  • rating of facility agents;
  • denomination of loans; 
  • mobilisation of loans and notifications; 
  • other legal requirements including on transferability and set-off of loans; and 
  • legal opinions confirming compliance.