Denmark reopens temporary collateral facility

national-bank-of-denmark

The National Bank of Denmark has expanded the assets it accepts as collateral at the discount window to provide financial institutions with greater flexibility to manage liquidity.

The central bank said on Wednesday that banks and mortgage-credit institutes would now be able to pledge securities from 12 Danish financial institutions as collateral and that a 20% haircut would apply to these assets.

Assets accepted as collateral include securities from: BI holding, the parent company of BankInvest

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