Central Banking

National Bank of Denmark narrows range of collateral it accepts

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 d

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