ECB publishes revision of Eurosystem instruments

The document, titled "The single monetary policy in Stage Three: General documentation on Eurosystem monetary policy instruments and procedures," includes the changes to the operational framework endorsed by the ECB's governing council before 31 August 2000. The ECB's previous version of the document was published 18 September 1998.

The changes concern, among others, the risk control framework for eligible assets; the legal references for the minimum reserve framework; the conditions governing access to the Eurosystem's standing facilities; additional information on the cross-border use of collateral; the framework for imposing sanctions for noncompliance with counterparty obligations and the reporting framework for the ECB's money and banking statistics, the ECB said.