Denmark broadens temporary collateral facility

national-bank-of-denmark

Denmark's central bank on Friday said it would begin to accept "good quality" credit claims as collateral, after taking measures to further expand its temporary credit facility.

The National Bank of Denmark said the facility, which currently provides credit in exchange for government and mortgage bonds, will now accept banks' credit claims to widen banks' access to collateralised credit. A margin of 10% will be deducted from the market value of eligible securities.

The central bank estimates

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