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Email The European Central Bank (ECB) specifies criteria which must be satisfied for asset backed securities to be included on the ECB’s list of eligible marketable assets. Banks, or bank branches, established in a Eurozone member state can use asset backed securities (ABS) included on such list as collateral for monetary operations, including one month and three repo financing, with the central bank of such member state. https://www.cadwalader.com/resources/clients-friends-memos/ecb-eligible-collateral---the-ecb-raises-the-bar