Central Banking

National Bank of Denmark narrows range of collateral it accepts

Financial market ‘normalisation' provides ‘opportunity' to omit assets made eligible after crisis

copenhagen-row-of-buildings-reflected-in-canal

The National Bank of Denmark (NBD) said yesterday it will limit the asset classes that counterparties can put up as collateral following a "normalisation" of financial market conditions in the Scandinavian country.

The adjustment comes as the European Central Bank (ECB) takes unprecedented steps to jolt bank lending in the eurozone, including an asset-backed securities (ABS) purchase programme that launches in the fourth quarter of the year.

The NBD said it will omit ‘junior covered bonds' and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.